)
Visual
earnings real time
Tenaga Nasional (5347) investor relations material
Tenaga Nasional Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Group revenue for the first nine months of FY2025 rose 18.3% year-over-year to RM50,123.4 million, driven by higher electricity demand across all sectors, increased energy exports, and strong performance from all business pillars.
Core profit after tax (PAT), adjusted for FOREX and MFRS, reached MYR 3.259 billion, up 13.7% year-over-year, while reported PAT was RM3,117.7 million, down 8.7% due to lower one-off gains and higher depreciation.
Significant progress in energy transition initiatives, including grid investments, EV infrastructure, and renewable energy projects domestically and internationally.
Continued focus on supporting Malaysia’s energy transition and positioning as a regional clean energy hub, with robust demand growth, especially from the commercial sector and data centers.
Quarterly revenue in 3QFY2025 increased 2.5% sequentially, supported by higher electricity sales.
Financial highlights
EBITDA for 9MFY2025 was RM15,088.2 million, up 4.8% year-over-year, with margin strengthening to 31.2%.
Revenue increased by 18.3% year-over-year for the first nine months of 2025, mainly due to higher electricity sales and cost-reflective tariffs.
Operating expenses (excluding depreciation) fell 6.9% year-over-year, mainly due to lower fuel and power purchase costs from reduced coal prices.
Lower net finance costs and favorable FOREX movements provided additional uplift, though net finance cost increased marginally by 0.9% year-over-year.
Stable collection trends and trade receivables, with average collection period below 70 days and improved to 27 days as of September 2025.
Outlook and guidance
Electricity demand expected to grow in line with IBR projection of 2.8% and Malaysia's GDP growth forecast of 4.0%–4.8% for FY2025, led by the commercial sector.
Planned CapEx of MYR 15 billion for 2025, with MYR 12 billion for regulated business and MYR 3 billion for non-regulated.
RE portfolio to be strengthened by an additional 212 MWp by year-end, including new UK solar assets and CGPP projects.
Ongoing transition to a new electricity tariff schedule in July 2025 is expected to impact regulatory adjustments.
Commitment to sustainable dividends and long-term growth aligned with Malaysia’s energy transition agenda.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Tenaga Nasional earnings date
Q4 202527 Feb, 2026
Next Tenaga Nasional earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage