Net Generation YTD
14,820 GWh
▲ 4.1% vs PY
Plant Availability
91.4%
▼ 0.6 vs 92.0 tgt
Revenue YTD
RM 5.84bn
▲ 6.3% YoY
EBITDA Margin
31.5%
▲ 1.4pp YoY
Cash Position
RM 1.92bn
stable
ESG Score
A−
MSCI ▲ 1 notch
Asset Map — Real-time Status LIVE
Today at a Glance
Grid demand (peak)
19,420 MW
Weather KL
31°C ⛅
| Commodity | Spot | Δ d/d |
|---|---|---|
| Newcastle Coal | $128.4/t | +1.2% |
| Brent Crude | $82.1/bbl | −0.4% |
| JKM LNG | $11.8/mmbtu | +0.9% |
| USD/MYR | 4.7140 | −0.08% |
| SGD/MYR | 3.4815 | flat |
Generation Mix (last 24h) GWh
Incident Feed (24h)
- CRIT KEV U3 boiler tube leak — load 320 MW
- WARN Tg Bin coal cover < 21 days
- OK LSS4 Mukah RC achieved
- WARN SEV U1 ambient derate 50 MW
- INFO Shuaibah PPA invoice raised SAR 412m
- CYBER 3 phishing attempts blocked
- OK Hidd full dispatch 929 MW
Plant Status LIVE
| Asset | Cap MW | Gen MW | Avail | Status |
|---|
Grid Frequency & Dispatch
Availability vs Target
Fuel Stockpile (days cover)
Tg Bin Coal18 / 21d
TBE Coal24 / 21d
KEV Coal12 / 21d
Prai Gas (MMSCFD nom)62 / 65
GB3 Gas nom110 / 110
SEV Gas nom235 / 240
Water Production (IWPP)
| Asset | m³/day | Target | Status |
|---|---|---|---|
| Shuaibah KSA | 875,000 | 880,000 | OK |
| Hidd Bahrain | 480,000 | 480,000 | OK |
| Az Zour (legacy) | — | — | N/A |
Outage Tracker — Next 14 days
UNIT
Today+3d+7d+10d+14d
Tg Bin U2 — Planned C-insp
KEV U3 — Forced (boiler)
GB3 — Maint window
SEV U1 — Hot gas path
Prai — Filter swap
TBE U1 — Inspection
Planned
Maintenance
Forced
Revenue YTD
RM 5.84bn
Bgt 5.65bn · ▲ 3.4%
EBITDA YTD
RM 1.84bn
Bgt 1.78bn · ▲ 3.4%
PATAMI YTD
RM 312m
Bgt 285m · ▲ 9.5%
OCF YTD
RM 1.42bn
Bgt 1.55bn · ▼ 8.4%
Revenue · EBITDA · PATAMI — YTD vs Budget vs PY
Segment Contribution (EBITDA RMm)
Receivables Aging
| Off-taker | RMm | <30d | 30-90d | >90d |
|---|---|---|---|---|
| TNB (Malaysia) | 1,420 | 87% | 11% | 2% |
| SEC (KSA) | 485 | 92% | 8% | 0% |
| EWA (Bahrain) | 312 | 78% | 18% | 4% |
| Others | 68 | 81% | 15% | 4% |
| Total | 2,285 | 86% | 12% | 2% |
Capex Burn vs Plan (RMm)
Debt Maturity Ladder (RMm)
Gearing
1.84x
Interest cover
3.2x
Cost of debt
4.85%
MLK Share Price & Analyst Consensus
Last
RM 0.685
52w H/L
0.745 / 0.520
Mkt cap
RM 3.34bn
P/E
14.2x
Div yield
5.1%
BUY 6
HOLD 3
SELL 1
TP RM 0.78
CO₂ Intensity
0.78tCO₂/MWh
▼ 3.1% YoY · on glidepath
RE Capacity
412 MW
29% of 1.4 GW (2031)
Water Intensity
1.42 L/kWh
▼ 5% YoY
Ash Utilization
68%
▲ 4pp YoY
CO₂ Intensity vs Net-Zero 2050 Glidepath
RE Capacity Pipeline — Path to 1.4 GW by 2031
ESG Rating Snapshot
| Agency | Rating | Trend |
|---|---|---|
| MSCI | A− | ▲ 1 notch |
| FTSE4Good | 3.4 / 5 | ▲ 0.2 |
| Sustainalytics | Medium 24.1 | stable |
| CDP Climate | B | ▲ from B− |
| S&P CSA | 62 / 100 | ▲ 4 |
Alam Flora — Waste & Recycling
Recycling rate31.2%
Waste collected (t/day)8,420
Fleet EV %14%
Landfill diversion42%
Regulatory Compliance Heatmap
12-month rolling · darker = non-compliance events
LTIFR (12m)
0.42
▼ 0.08 vs PY · tgt 0.30
TRIFR (12m)
1.18
▼ 0.21 vs PY
Headcount
2,184
88% Malaysian
Attrition (rolling)
8.4%
▲ 1.2pp vs PY
LTIFR / TRIFR Trend (12m)
Headcount by Segment
Open Safety Observations
- HIGH Tg Bin — confined space PTW gap
- MED KEV — scaffold tag missing
- MED SEV — hot work near oil
- LOW Prai — PPE compliance audit
- HIGH Hidd — work-at-height near miss
Training & Capability
Avg training hours / FTE42.6 / 40 tgt
Leadership Acad enrolled84
Tech competency cert91%
Female mgmt %27%
Engagement score78 / 100
Leadership Pipeline Readiness
| Role | Ready now | 1-2y | 3-5y |
|---|---|---|---|
| CEO | 1 | 2 | 1 |
| COO | 2 | 3 | 2 |
| CFO | 2 | 2 | 3 |
| CHRO | 1 | 2 | 2 |
| CTO/Strategy | 0 | 1 | 3 |
| Plant GMs (avg) | 1.8 | 2.2 | 2.6 |
Decarbonization Roadmap
Target: 1.4 GW RE by 2031 · Net-zero 2050 · 50% emissions reduction by 2035
Top-10 Enterprise Risks (Heatmap)
Likelihood →↑ Impact
M&A / Project Pipeline
Origination 4
Floating solar JV Vietnam
~120 MW · USD 95m
Hybrid wind+solar Sabah
200 MW · MYR 850m
Hydrogen pilot — TBP
co-firing 5% NH₃
EV charging — Alam Flora
120 sites Klang V
Due Diligence 3
Indon CCGT acq target
660 MW · USD 410m
Battery storage — LSS pair
100 MWh · MYR 280m
UAE desal expansion
200k m³/day · USD 220m
Negotiation 2
LSS5 bid — Bidor
100 MW · MYR 410m
CGPP corporate PPAs
3 offtakers · 80 MW
Signed / Execution 3
LSS4 Mukah
30 MW · ✓ COD
Kapar repowering MoU
800 MW CCGT
Shuaibah-3 RE retrofit
PV 200 MW
LSS5 / CGPP Bid Tracker
| Site | MW | Status | Tariff sen/kWh |
|---|---|---|---|
| Bidor, Perak | 100 | BID IN | 19.8 |
| Pahang Hub | 50 | SHORTLIST | 20.4 |
| Johor Estate | 80 | PREP | — |
| CGPP Corp PPA A | 30 | AWARDED | 22.5 |
| CGPP Corp PPA B | 50 | NEGO | 21.8 |
Key Stakeholder Engagements (30d)
- Tenaga Nasional — PPA1 renewal
- Energy Commission (EC)
- KETSA Minister
- SEC Saudi
- EWA Bahrain
- MoF — sukuk dialogue
- Khazanah / EPF (shareholders)
- Bursa Listing div
Innovation & Digital
Digital twin coverage (plants)4 / 6
Predictive maint savings YTDRM 18m
Cyber maturity (NIST)3.4 / 5
AI use-cases in prod9
Cloud migration62%