TNB Reports Stable Q1 2025 Performance, Highlights Infrastructure and Community Spending

Tenaga Nasional Berhad (TNB) has released its operational and financial update for the first quarter of 2025, outlining what it describes as stable performance amid evolving economic conditions. The updates, published on 27 May 2025, cover both infrastructure growth and community-focused initiatives, as reported by the utility company.

According to TNB, electricity demand remained steady across the quarter, supported by ongoing domestic economic growth. The company noted a 5.1% increase in commercial sector consumption, attributing the rise in part to Malaysia’s growing number of data centres.

TNB stated that it had energised 21 data centres and secured 43 additional supply agreements as of Q1 2025, amounting to a total committed load of approximately 6.4GW. These developments, the company said, support the nation’s digital ambitions.

“Through prudent cost management, reliable service delivery and a clear commitment to nation-building, we continue to provide consistent value despite ongoing global challenges,” said TNB President and CEO, Datuk Ir. Megat Jalaluddin Megat Hassan.

Currency fluctuations also played a role. TNB pointed to the appreciation of the Ringgit against the US Dollar, from RM4.73 in March 2024 to RM4.44 in March 2025, as easing fuel and capital expenditure pressures, while contributing to positive forex gains.

Beyond Malaysia, TNB highlighted its growing renewable energy portfolio abroad. It referenced the development of its first solar greenfield projects in Eastfields and Bunkers Hill in the UK, expected to come online in Q2 2025. According to TNB, these ventures aim to generate foreign-denominated returns while aligning with broader global energy transition goals.

The company noted that “returns and insights” from these international initiatives contribute to both its financial strength and domestic transition strategies.

In terms of community engagement, TNB stated that it allocated over RM45 million in Q1 2025 to rakyat-focused initiatives, drawn from 1% of its profit after tax.

This included more than RM36 million channelled through UNITEN and Yayasan Tenaga Nasional (YTN) to benefit over 20,000 students. Other initiatives cited in the report involved back-to-school aid for underprivileged children, Ramadan assistance, zakat distribution, healthcare support, disaster relief, and aid for indigenous communities.

Chairman Tan Sri Abdul Razak Abdul Majid was quoted as saying, “Our programmes reflect a long-term investment in the communities we serve, ensuring no child is left behind in Malaysia’s journey toward a more inclusive, knowledge-based economy.”

TNB also reported an expansion of its Sekolah Angkat programme, now covering 50 schools nationwide. The initiative includes academic and digital learning support, co-curricular development, and infrastructure upgrades, with an investment of around RM2.3 million. Sub-programmes listed include “Confirm AI with UNITEN,” “PINTAR TNB,” and “TNB Thunderbolts,” among others.

“As we modernise the grid and expand our renewable energy portfolio, we are equally focused on ensuring that no community is left behind,” said Megat Jalaluddin. “This is the essence of our purpose: delivering progress that uplifts all Malaysians.”

For further details, you can refer to TNB’s announcements.