Tenaga Nasional Berhad (TNABY) Q1 2026 Earnings Call Transcript

Shamsul Bin Ahmad
CEO, President & Non-Independent Executive Director

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In this segment. And correspondingly, load utilization has accelerated substantially, rising from 845 megawatts in March 2025 to 1,054 megawatts in March 2026, indicating a steady, robust and highly predictable ramp-up of operational capacity.

Next. In terms of sales contribution, shopping malls, businesses and accommodation services accounted for 18% of total units sold, while other subsectors contributed 15%. Data centers currently accounted for 6% of our total sales in the first quarter of 2026.

And we are honored to have received a partnership — the partnership and ecosystem collaboration team award at the Data Center Cloud Infrastructure Summit 2026, reinforcing our role as a key enabler of Malaysia’s digital and data center ecosystem through our Green Lane pathway initiative.

Ladies and gentlemen, turning to our technical performance. Our sustained operational execution throughout the quarter continues to underpin our earnings resilience, providing a robust foundation for the group’s overall performance. On generation side, the EAF factor, equivalent plant availability factor has improved significantly to 91.4% versus 82% last year, reflecting a stronger plant reliability and operational performance across our generation portfolio.

Our network performance continued to remain at a world-class level. Our transmission system minutes remained