Tenaga Nasional Berhad is forecast to grow earnings and revenue by 4.6% and 4.4% per annum respectively. EPS is expected to grow by 4.6% per annum. Return on equity is forecast to be 9.3% in 3 years.
Key information
4.6%
Earnings growth rate
4.58%
EPS growth rate
Electric Utilities earnings growth
10.5%
Revenue growth rate
4.4%
Future return on equity
9.28%
Analyst coverage
Good
Last updated
02 Jul 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
OTCPK:TNAB.F - Analysts future estimates and past financials data (MYR Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
74,066
5,437
5,982
21,236
15
12/31/2027
70,812
5,107
2,017
19,656
19
12/31/2026
68,628
4,834
-406
18,385
18
3/31/2026
65,363
4,808
-789
15,513
N/A
12/31/2025
64,985
4,768
-440
15,832
N/A
9/30/2025
64,409
4,456
4,139
20,181
N/A
6/30/2025
64,762
4,755
10,041
23,466
N/A
3/31/2025
65,705
4,321
11,578
23,675
N/A
12/31/2024
65,835
3,978
11,194
22,378
N/A
9/30/2024
65,489
3,920
13,453
24,106
N/A
6/30/2024
64,406
3,331
15,400
26,500
N/A
3/31/2024
63,401
2,484
21,874
32,478
N/A
12/31/2023
63,665
2,770
21,644
32,243
N/A
9/30/2023
67,219
2,996
18,281
27,665
N/A
6/30/2023
70,826
3,028
14,828
23,849
N/A
3/31/2023
73,782
3,573
3,700
12,702
N/A
12/31/2022
73,183
3,463
803
9,378
N/A
9/30/2022
69,605
3,532
-3,303
5,167
N/A
6/30/2022
63,509
3,647
-1,980
6,227
N/A
3/31/2022
56,810
3,596
557
8,882
N/A
12/31/2021
52,630
3,662
4,933
13,344
N/A
9/30/2021
47,219
3,996
8,821
16,969
N/A
6/30/2021
45,350
4,002
10,812
18,957
N/A
3/31/2021
43,800
3,834
10,436
17,669
N/A
12/31/2020
43,976
3,593
8,609
15,519
N/A
9/30/2020
45,829
3,034
10,077
16,144
N/A
6/30/2020
47,364
3,227
8,865
16,139
N/A
3/31/2020
49,349
3,690
9,519
19,031
N/A
12/31/2019
50,940
4,529
N/A
19,458
N/A
9/30/2019
51,309
3,742
N/A
17,723
N/A
6/30/2019
51,741
3,040
N/A
16,037
N/A
3/31/2019
51,363
3,161
N/A
14,975
N/A
12/31/2018
50,393
3,724
N/A
13,035
N/A
12/31/2017
47,077
7,867
N/A
6,652
N/A
11/30/2017
47,782
7,315
N/A
10,876
N/A
8/31/2017
47,417
6,904
N/A
12,556
N/A
5/31/2017
46,190
6,947
N/A
11,730
N/A
2/28/2017
45,769
7,293
N/A
12,838
N/A
11/30/2016
45,096
7,132
N/A
13,811
N/A
8/31/2016
44,532
7,368
N/A
13,293
N/A
5/31/2016
45,039
6,426
N/A
14,336
N/A
2/29/2016
42,816
4,907
N/A
11,672
N/A
11/30/2015
42,937
5,743
N/A
10,921
N/A
8/31/2015
43,287
6,118
N/A
11,439
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNAB.F's forecast earnings growth (4.6% per year) is above the savings rate (3.5%).
Earnings vs Market: TNAB.F's earnings (4.6% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: TNAB.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: TNAB.F's revenue (4.4% per year) is forecast to grow slower than the US market (12.7% per year).
High Growth Revenue: TNAB.F's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TNAB.F's Return on Equity is forecast to be low in 3 years time (9.3%).
Discover growth companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/06 18:48
End of Day Share Price
2026/07/06 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tenaga Nasional Berhad is covered by 37 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.