TNB Reports Resilient Performance in First Half of FY2026 Amidst Middle East Uncertainty

Tenaga Nasional Berhad (TNB) has demonstrated a resilient performance in the first half of its fiscal year ending June 30, 2026. This sustained strength reinforces the company's commitment to providing a reliable and secure electricity supply, bolstering Malaysia's energy security, and advancing the nation's energy transition agenda within a dynamic global energy landscape.

Despite global energy market uncertainties, increased electricity demand, and the evolving needs of the energy transition, TNB has maintained its focus on operational excellence. This is supported by disciplined financial management and the strategic implementation of its integrated business model. TNB's resilience enables continued investment in Malaysia's energy ecosystem, delivering value to its stakeholders.

"This 1H 2026 performance allows us to continue investing in critical infrastructure that not only supplies power to households and businesses but also strengthens national energy security, accelerates the energy transition, and ensures we can continue to provide reliable and secure electricity while creating value for customers, shareholders, and the nation," said TNB CEO Datuk Ir. Ts. Shamsul Ahmad.

Global fuel prices continued to influence electricity generation costs in 1H 2026, leading to adjustments under the government-introduced Automatic Fuel Cost Pass-Through (AFCP) mechanism. This mechanism reflects actual fuel cost changes and ensures transparency in managing fuel cost fluctuations. Consumers have benefited from RM3.1 billion in rebates since the AFCP's introduction in July 2025. Additionally, the government provided RM435 million from the Electricity Industry Fund (KWIE) since May 2026 to mitigate the impact of global market uncertainties, particularly those stemming from the conflict in the Middle East.

While global market conditions affect fuel prices, TNB remains focused on controllable aspects such as enhancing operational efficiency, optimizing generation performance, and maintaining supply reliability. The company invested RM5.6 billion in 1H 2026 in projects aimed at improving supply reliability, meeting demand growth, ensuring supply security, and accelerating the energy transition. Through ongoing investments in smart grid technology, network automation, and predictive maintenance, TNB is strengthening its ability to restore power more quickly and improve outage management, especially during periods of high demand and extreme weather. These investments have yielded positive results, with the System Average Interruption Duration Index (SAIDI) improving to 23.45 minutes.