2025 Key Highlights

2025 Key Highlights
A year of growth, sustainability, and excellence — Malakoff Group's defining moments of 2025.
Financial Highlights
RM7.21B
Revenue
RM1.72B
EBITDA
2.36
Dividend Per Share (sen)
RM115.3M
Dividend Payment for FY2025*
Malakoff Energy
Energy Highlights
Gas Plant Extensions
Secured extensions for three expiring gas plants with a total capacity of 2,082 MW. The two plants in Lumut: Segari Energy Ventures (1,303 MW) and GB3 (429 MW), were granted extensions until 31 December 2029, while the Prai Power Plant (350 MW) was granted an extension until 31 March 2030.
Gas Turbine Reservation
Entered into a Reservation Agreement with Mitsubishi Power, Ltd for two sets of gas turbines and gas turbine generators with an option to reserve two additional gas turbines.
Waste-to-Energy Concession
Secured a concession agreement with the Housing and Local Government Ministry and Solid Waste and Public Cleansing Management Corporation (SWCorp) for a 22 MW Waste-to-Energy (WTE) plant in Sungai Udang, Melaka, marking a significant milestone in the Group's expansion into WTE.
470 MW Large Scale Solar — LSS PETRA 5+
Secured the development of a 470 MW large scale solar (LSS) in Perak under LSS PETRA 5+, the largest in Malaysia.
100 MW Solar in Sarawak
Secured the development of a 100 MW solar power project in Bintulu, Sarawak, strengthening the Group's presence in East Malaysia's renewable energy (RE) landscape.
ZEC Solar Plant Performance
The 29 MW ZEC Solar Plant in Kota Tinggi, Johor exceeded its 70% minimum generation threshold, fully meeting its 2025 Solar Power Purchase Agreement (SPPA) obligations and avoiding 26,819 tCOe in emissions.
Rooftop Solar with MARDEC
Signed a SPPA with MARDEC Berhad (MARDEC) to install rooftop solar systems at five of MARDEC's key facilities across Peninsular Malaysia.
Malakoff Environmental Solutions
Environmental Solutions Highlights
E-Idaman Acquisition
Completed the E-Idaman Sdn. Bhd. acquisition, increasing Malakoff's waste management capabilities and strengthening its presence in the northern states of Peninsular Malaysia.
New Fleet of Waste Collection Vehicles
Alam Flora has rolled out a new fleet of 308 waste collection vehicles equipped with the latest carbon-reduction technology.
Ma Oil Landfill Operations
Commenced operations at the Ma oil landfill in Labis, Johor, enhancing capacity to manage both concession and non-concession waste.
Sustainability Highlights — Environmental
Carbon Emission Reduction
Improved Greenhouse Gases (GHG) Emissions and Energy Reporting Transparency under the Financial Control Approach.
Achieved an estimated carbon avoidance of approximately 47,188 tCOe through our RE generation.
RE projects in the pipeline are projected to avoid approximately 1 million tCOe annually upon achieving Commercial Operation Date.
Included Scope 3, Category 4: Upstream Transportation and Distribution (Coal Transportation) in our GHG emissions inventory.
Recycling & Waste Management
Alam Flora Sdn. Bhd. (Alam Flora) diverted 6,825 tonnes of waste from landfill for recycling.
Enabled circular reuse of 579,367 tonnes of coal ash for construction materials, diverting it from landfill.
Higher Contributions
Profit Contribution from RE & Environmental Solutions increased by 6.2%** to RM95.6 million (2024: RM90.0 million).
RE Expansion
Made significant 55% progress towards achieving RE 1,400 MW target by 2031 (2024 progress: 173 MW).
55%
Progress to RE 1,400 MW Target by 2031
6.2%
Increase in RE & Environmental Solutions Profit
2025 Key Highlights — Awards and Accolades
1
Special Submission Award
At the ASEAN Centre for Energy Awards 2025 under the ASEAN Coal Awards category for the Biomass Co-Firing Project at Tanjung Bin Power Plant (TBPP) – Malakoff.
2
Company of the Year (Energy Generation) & Long-Standing Excellence Award
Under the ESG Champion Award category at the Sustainability and CSR Malaysia Awards 2025 – Malakoff.
3
Company of the Year (Waste Management) & Long-Standing Excellence Award
Under the Eco Excellence Award category at the Sustainability and CSR Malaysia Awards 2025 – Alam Flora.
4
Merit Award
At the Ministry of Natural Resources and Environmental Sustainability Malaysia National Energy Awards 2025 for the Biomass Co-Firing Project at TBPP – Malakoff.
5
Independent Power Producer of the Year
For the third consecutive year at Enlit Asia 2025 in Bangkok – Malakoff.
6
Best Solid Waste Management Facility Award 2025
Awarded to Pulau Pangkor Incinerator & Leachate Treatment Plant by SWCorp in August 2025 – AFES.
7
Environmental Sustainability Excellence Award
At the Waste Management Association (WMAM) of Malaysia 20th Anniversary Awards – Alam Flora.
8
Silver Win — NACRA 2025
In the Companies with RM2 Billion to RM10 Billion in Market Capitalisation category at the National Annual Corporate Reporting Awards (NACRA) 2025 – Malakoff.
Sustainability Highlights — Social
RM369K
Community Programmes Investment
RM369,290 invested in community programmes.
5,000
Beneficiaries
Reached through community initiatives.
RM1.58B
Distributed to Stakeholders
Including suppliers, employees, Government, capital providers, shareholders and community.
RM2.20M
Employee Training Investment
Resulting in 40,924 training hours.
Employee Training & Development
Conducted 162 Certification Programmes with 803 Participants Certified.
Recorded 56,653,366 manhours worked, reflecting the vital role of our workforce in delivering essential services.
Health & Safety
5,308 employees trained on health and safety standards.
100% employee and contractor coverage under our Occupational Safety and Health Management System.
Diversity & Inclusion
ZERO substantiated complaints concerning human rights violation and discrimination cases reported.
Sustainability Highlights — Governance
Zero Bribery & Non-Compliance
100%
of operations assessed for corruption-related risks.
78%
of employees underwent anti-corruption training.
ZERO
substantiated complaints concerning breaches of customer privacy and losses of customer data reported.
ZERO
confirmed incidents of corruption.
99%
of procurement budget channeled to local suppliers.