Tenaga Nasional Bhd (TNABF)
OTHER OTC:TNABF
Earnings Data
Report Date
Jun 01, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance for FY2025 with broad positive momentum: double‑digit revenue growth (+19.4%), core profit growth (+14.7%), strengthened margins, accelerated regulated CapEx execution, major smart‑meter and grid digitalization progress, and notable ESG/brand improvements. Identified risks (contingent CapEx approval timing, higher IT costs, policy uncertainty on new data centres, international connectivity delays and conditional tax incentive utilization) are meaningful but appear manageable and mostly execution/timing related rather than structural earnings threats. Overall, positive drivers materially outweigh the challenges.Company Guidance
Strong Top‑line and Profit Growth
Revenue increased ~19.4% YoY in FY2025 (driven by higher electricity sales). EBITDA rose ~2.8% YoY to MYR 20.5 billion with an expanded EBITDA margin of 31.6%. Core profit (adjusted for forex translation and MFRS16) was ~MYR 4.8 billion, up ~14.7% YoY (MYR 4.769bn vs MYR 4.157bn).
Shareholder Returns Elevated
Declared total dividend of MYR 0.53 per share (total payout MYR 3.1 billion), representing a 65.6% payout ratio and an increase vs prior year (MYR 0.51). Dividend trend shown from MYR 0.40 in 2021 to MYR 0.53 in 2025.
Regulated CapEx Execution and Guidance Ramp
Regulated CapEx utilization for FY2025 reached MYR 12.0 billion (vs original annual budget MYR 7.8 billion) — base CapEx MYR 10.3bn and contingent CapEx MYR 1.7bn. RP4 total allowance MYR 42.82bn (base MYR 26.55bn; contingent MYR 16.27bn). Guidance: ~MYR 13bn CapEx in 2026 and ~MYR 15bn in 2027; group guidance MYR 18bn for 2026 (MYR 13bn regulated, MYR 5bn non‑regulated).
Operational Performance Improvements — Generation & Network
Genco equivalent availability factor (EAF) improved to 87.8% (from 83% prior year). Transmission reliability: system minutes 0.15 mins (well below internal threshold). Distribution reliability: SAIDI improved to 46.93 mins (below 48‑min threshold). Major infrastructure completed included the 500kV Ayer Tawar–Bentong South–Lenggeng line (854 towers, ~325 km).
Smart Meter & Grid Digitalization Deployment
Installed over 1 million smart meters in 2025 (bringing cumulative installations to ~5.6 million, covering >50% of customers). Distribution automation expanded by >5,100 substations in 2025 (total >38,000). 2026 target: additional 1 million smart meters and >2,000 substations upgrade.
Robust Demand Momentum and Data Centre Pipeline
Total units sold in FY2025 were 133,895 GWh. Commercial demand grew ~10% YoY (driven by data centres). Data centre footprint: 35 projects in system with agreed ESA ~4.5 GW (reported +148% YoY growth) and cumulative pipeline ~7.5 GW; load utilization reached 850 MW in Dec 2025.
EV & New Customer Revenue Streams Scaling
EV charging ecosystem revenue ~MYR 7.1 million in FY2025, up ~88% YoY; TNB‑owned charge points contributed ~MYR 2.7 million. Cumulative TNB charge points (TNB Electron) reported at 256, with 190 added in 2025; broader ecosystem figure cited (5,719 points) supporting future growth.
ESG, Brand & Reputation Gains
Multiple recognitions: National Corporate Governance & Sustainability Awards (Overall Excellence and Utilities Industry Excellence), Brand Finance: 2nd strongest utility brand globally (AAA), FTSE4Good improved to 4‑star, Sustainalytics risk score improved to 26.3 (high→medium), MSCI rating A, CDP C. Corporate reputation index rose to 88% (from 80%).
Regulatory / Cash Flow Enhancements
IBR framework upheld; contingent CapEx revenue recognition now allowed in the same year expenditure is incurred effective 2025. AFA mechanism strengthened (cost recovery window shortened from 6 months to ~1 month), improving cash flow and working capital efficiency.
TNABF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TNABF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $3.68 | $3.35 | -8.91% |
Nov 28, 2025 | $3.27 | $3.27 | +0.28% |
Aug 28, 2025 | $3.29 | $3.22 | -2.04% |
May 21, 2025 | $3.20 | $3.21 | +0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tenaga Nasional Bhd (TNABF) report earnings?
Tenaga Nasional Bhd (TNABF) is schdueled to report earning on Jun 01, 2026, TBA (Confirmed).
What is Tenaga Nasional Bhd (TNABF) earnings time?
Tenaga Nasional Bhd (TNABF) earnings time is at Jun 01, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNABF EPS forecast?
Currently, no data Available