Power generation and distribution: approx. 80%
Energy trading and services: approx. 15%
Renewable energies: approx. 5%

TOP 3 markets:

1. Malaysia: approx. 85%
2. Indonesia: approx. 10%
3. India: approx. 5%

Tenaga Nasional Berhad generates the majority of its revenues from power generation and distribution, which is typical for an integrated energy company. The Malaysian market dominates the revenue structure as the company is headquartered there and operates most of its infrastructure.

In recent years, Tenaga Nasional Berhad has expanded its activities in Indonesia and India, leading to an increase in revenues in these markets. Investments in renewable energies are part of the strategy to support the transition to more sustainable energy sources.

Production Sites: Malaysia

Tenaga Nasional Berhad (TNB) is the largest electricity utility company in Malaysia. It produces and supplies electricity mainly within Malaysia. The production facilities include a variety of power plants, including thermal, hydroelectric, and renewable energy plants that are distributed throughout the country. TNB also operates some projects abroad, but the focus of production is on the domestic market.

Strategy for Future Growth:

1. Renewable Energies: Tenaga Nasional Berhad (TNB) plans to increase the share of renewable energies in their total portfolio to 8,300 MW by 2025. This is part of their long-term strategy to reduce dependence on fossil fuels and lower CO2 emissions.

2. Digitalization and Technological Progress: TNB is investing in the digitalization of their networks and the implementation of smart grid technologies to improve the efficiency and reliability of their power supply.

3. International Expansion: The company is pursuing a strategy of geographical diversification by expanding into international markets, particularly in Southeast Asia and the Middle East, to unlock new growth opportunities.

4. Customer Orientation and Services: TNB is focusing on enhancing customer experience through innovative services and products tailored to consumer needs.

These strategic initiatives aim to position TNB as a leading energy provider in the region while ensuring sustainable growth.

Main Imported Raw Materials: Coal, Natural Gas

Main Suppliers of Coal: Indonesia, Australia, South Africa

Main Suppliers of Natural Gas: Malaysia (local sources), Qatar, Australia

Tenaga Nasional Berhad (TNB) is Malaysia's largest electricity provider and mainly imports coal and natural gas for power generation. Indonesia is the largest coal supplier, followed by Australia and South Africa. These countries offer coal with the required specifications and at competitive prices.

For natural gas, TNB sources a large portion from local sources within Malaysia. In addition, imports are made from Qatar and Australia to ensure supply security and meet energy demand. Diversifying the sources of supply helps TNB minimize risks from supply shortages or price fluctuations.

Market share in Malaysia: Over 50% (2024)
Share of renewable energy: 20% of the portfolio (2023)
Credit rating: A- (2024)

Tenaga Nasional Berhad (TNB) has a significant competitive advantage in Malaysia as it is the country's largest electricity provider and holds a dominant market share of over 50%. This market position allows TNB to benefit from economies of scale and to have a strong negotiating position with suppliers and customers.

The company is continuously investing in renewable energy, with already 20% of its energy portfolio coming from renewable sources. This demonstrates TNB's commitment to adapting to global sustainability trends and meeting future regulatory requirements.

Furthermore, TNB's financial stability is supported by a solid credit rating of A-, indicating a strong ability to meet its financial obligations. These factors together give TNB a robust competitive advantage in the Malaysian energy market.

Institutional Investor Share: 60% (estimated for 2025)

Insider Buys/Sells: No significant changes in the last year (2024)

The institutional investor share in Tenaga Nasional Berhad is estimated to be around 60%. This high percentage suggests that the company is strongly supported by large institutional investors, which is often a sign of stability and confidence in the long-term corporate strategy.

In 2024, there were no significant insider buys or sells, indicating that the management and other insiders do not expect significant changes in their assessment of the company's value or future development. This could be interpreted as a sign of stable internal confidence in the company's leadership and strategy.

Market share of Tenaga Nasional Berhad: approximately 45% (2025, estimated)

Top competitors and their market shares:

1. Tenaga Nasional Berhad (TNB): approximately 45%
2. Sarawak Energy Berhad: approximately 15%
3. Malakoff Corporation Berhad: approximately 10%
4. YTL Power International Berhad: approximately 8%
5. Ranhill Utilities Berhad: approximately 5%
6. Petronas Power Sdn Bhd: approximately 4%
7. Edra Power Holdings Sdn Bhd: approximately 3%
8. Cypark Resources Berhad: approximately 2%
9. Mega First Corporation Berhad: approximately 2%
10. Other smaller providers: approximately 6%

Moat of Tenaga Nasional Berhad:

Tenaga Nasional Berhad (TNB) has a significant moat, mainly characterized by its established market position and comprehensive infrastructure in Malaysia. As the country's largest power utility, TNB benefits from an almost monopolistic status in electricity distribution and transmission. This gives the company a substantial advantage over its competitors.

TNB's moat is reinforced by government support and regulatory advantages that allow the company to maintain its market position. Investments in renewable energy and technological innovations also help secure its competitiveness.

Compared to competitors, companies like Sarawak Energy and Malakoff Corporation may have specific regional or sectoral strengths, but they do not have the same national reach and infrastructure as TNB. While some competitors may have advantages in certain niches or through strategic partnerships, TNB remains the dominant player in the Malaysian energy market due to its size and influence.

Revenue Growth: 5.2% (2024)
Profit Growth: 4.8% (2024)
Market Share in Malaysia: approximately 50% (2024)

Tenaga Nasional Berhad (TNB) is the largest power utility company in Malaysia and plays a central role in the country's energy supply. In 2024, the company recorded a revenue growth of 5.2% and a profit growth of 4.8%. These stable growth rates indicate a healthy business development.

TNB has been increasingly investing in renewable energies in recent years to reduce its dependence on fossil fuels. These strategic investments could lead to improved sustainability and competitiveness in the long term, especially given global trends towards more environmentally friendly energy sources.

Additionally, TNB holds a significant market share of approximately 50% in Malaysia, securing the company a strong position in the domestic market. This market position provides a solid foundation for future growth and stability, even in economically challenging times.

Overall, TNB could represent an attractive investment opportunity, especially for investors interested in long-term growth and sustainable energy initiatives.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Continuous payouts in recent years

Tenaga Nasional Berhad has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 4.5% for 2025, based on the latest available data and the company's past payout policy.

The company has a solid dividend history and is considered a reliable dividend payer. Due to its stable revenue sources and dominant market position in Malaysia, it is likely that Tenaga Nasional Berhad will continue to pay dividends in the future.