PNB pays out RM14.5b in income and bonus distribution for FY2024

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KUALA LUMPUR — Permodalan Nasional Bhd (PNB) paid out a total of RM14.5 billion in income and bonus distribution to unitholders for its 18 fixed price funds (FP) and variable price funds (VP) for the financial year ended Dec 31, 2024 (FY2024) against RM13.3 billion in the previous year.

In a statement today, the fund management company attributed the strong performance to positive macroeconomic and capital market environment and its continued asset diversification strategy, saying that its net income rose 30.2 per cent to RM16.97 billion from RM13.04 billion.

The cumulative income distribution paid out in FY2024 amounted to RM263.7 billion compared with RM249.2 billion in FY2023.

PNB said the number of unique account holders and total number of accounts expanded to a record high of 13.1 million and 16.2 million, respectively, while total assets under management (AUM) recovered reached RM348.3 billion, up from RM337.0 billion in 2023.

PNB group chairman Raja Tan Sri Arshad Raja Tun Uda said Amanah Saham Nasional Bhd (ASNB) distributed a record dividend, with Amanah Saham Bumiputra (ASB) distributing a total income of 5.75 sen — the highest over the last five years.

“All our 18 FP and VP outperformed their benchmarks, with 11 out of 12 of our VP funds ranked in the top or second quartile among their respective peer groups,” he said in the statement.

On the outlook, president and group chief executive Datuk Abdul Rahman Ahmad said that given recent geopolitical developments and fundamental shifts in US trade policies, PNB recognises the need to be realistic about the highly uncertain and volatile macroeconomic and capital markets in the year ahead.

“Our focus remains in sustaining the performance of our funds through continued asset diversification strategy as we fulfil our commitment of delivering consistent, competitive returns to our unitholders,” he said. — BERNAMA