TNB reports resilient performance for first half of 2026, protects people amid West Asia uncertainty

PETALING JAYA, 27 AUGUST 2026 —

Tenaga Nasional Bhd reported a resilient first-half performance for the financial year ending 30 June 2026, lifting its interim dividend by 25 sen a share to RM1.5 billion.

Chief Executive Datuk Ir. Ts. Shamsul Ahmad said the result reflected disciplined financial management and strategic execution despite volatile global energy markets. “The performance allows us to invest in critical infrastructure, strengthen national energy security and accelerate Malaysia’s energy transition while delivering value to customers, shareholders and the nation,” he said.

Global fuel prices pushed up generation costs in 1H 2026, triggering automatic fuel cost adjustments under the government’s AFA mechanism. Since its introduction in July 2025 through April 2026, the rebates totalled RM3.1 billion for electricity users. Following renewed Middle East tensions, the government allocated an additional RM435 million from the Electricity Industry Fund in May 2026 to cushion household impact.

TNB said it maintained focus on factors within its control, improving operational efficiency, optimising generation performance and preserving supply reliability. The group invested RM5.6 billion in supply-reliability projects during the half, meeting demand growth and accelerating energy transition.

Smart grid technology, network automation and predictive maintenance helped reduce system outages, with the System Average Interruption Duration Index improving to 23.45 minutes, according to company data.

Looking ahead, TNB is scaling up investments to meet steady electricity demand driven by industrial electrification, AI-driven industries and data centre growth. Key initiatives include the 100 MW/400 MWh Santong battery energy storage system in Terengganu—the first grid-forming BESS in Malaysia—and a third liquefied natural gas regasification terminal in Lumut, Perak, developed with Petronas Gas Bhd.

TNB also hosted the Energy Transition 2026 conference, attracting more than 6,000 delegates from over 60 countries and securing 15 strategic partnerships in renewable energy, grid development and regional connectivity. It launched the Energy Transition and Sustainability Academy to train future talent and strengthen collaboration among industry, academia and policymakers.

On the sustainability front, the My Brighter Green Initiative 2026 planted 40,000 forest and mangrove seedlings nationwide while community programmes disbursed RM99.6 million across education, sports, school adoption, disaster aid and rural electrification.

TNB said the programmes benefited more than 250,000 individuals and 50 schools, alongside RM8.7 million in zakat disbursements to over 50,000 recipients.

Analysts said the financial resilience underscores TNB’s ability to balance investment in modern infrastructure with shareholder returns. “The interim dividend signals confidence in the group’s cash generation and strategic direction,” a Kuala Lumpur-based utilities analyst said.

With Malaysia’s power demand expected to remain on a stable growth path, TNB said it remains committed to reliable, secure and accessible electricity supply while accelerating the national energy transition. “We are focused on delivering long-term value to shareholders and, more importantly, to the rakyat, ensuring the energy transition strengthens the economy, creates new opportunities and enhances future generations’ quality of life,” Shamsul said.

Related: Tenaga Nasional Berhad · Datuk Ir. Ts. Shamsul Ahmad · PETALING JAYA