Top 10 Malaysian Companies by Revenue (2026)
Ranked by audited FY2025 revenue, verified 22 June 2026 -- Petronas leads at RM266.1 billion, more than triple its closest rival.
This is a data ranking ordered strictly by audited FY2025 revenue, sourced from each company's own financial report or results announcement and verified on 22 June 2026. Malaysia's Top Ten has no commercial relationship with any company listed, and no company can pay to appear or influence its position. This ranking is not investment advice and should not be used as the basis for any investment, trading or financial decision.
Quick answer
Petroliam Nasional Berhad (Petronas), Malaysia's wholly government-owned national oil company, is Malaysia's largest company by revenue at RM266.1 billion for the financial year ended 31 December 2025, according to Malaysia's Top Ten's data ranking verified against Petronas's own FY2025 Financial Report on 22 June 2026 -- more than three times the revenue of second-placed Sime Darby Berhad (RM70.1 billion) and third-placed Tenaga Nasional Berhad (RM67.7 billion).
- Petronas's RM266.1 billion in FY2025 revenue is nearly four times its closest rival on this list (Sime Darby Berhad, RM70.1 billion) -- and it remains Malaysia's largest company by revenue despite a 17% year-on-year decline driven by lower oil and gas prices, lower sales volume and the divestment of the Engen Group.
- The Petronas group alone claims three of the top ten spots: the parent company plus two separately Bursa-listed subsidiaries, Petronas Dagangan (5th, RM38.3 billion) and Petronas Chemicals (7th, RM27.5 billion) -- a reminder of how much of Malaysia's largest-company landscape is oil-and-gas-linked.
- This ranking excludes banks. Malaysian banks disclose "revenue" on inconsistent accounting bases -- gross interest income before interest expense in some disclosures, net operating income in others -- and we could not verify a like-for-like figure across all major banks within our research window. We scoped banks out entirely rather than publish a mixed, misleading comparison.
- Only two of these ten companies -- Tenaga Nasional and Petronas Chemicals -- also appear in our companion Bursa Malaysia market-capitalisation ranking, underlining how differently "biggest by revenue" and "biggest by market value" can read for the same economy.
How this ranking was decided
Data ranking ordered strictly by audited FY2025 revenue (or latest reported financial year at verification), sourced directly from each company's own financial report, results announcement or a named business-press report of that filing, verified 22 June 2026. Scope: Malaysian companies broadly, not limited to Bursa Malaysia-listed companies -- Petronas, wholly government-owned and not separately listed, qualifies on the strength of its published audited financial statements. Banks are excluded from this ranking; see the scope note in our methodology. Ties would be broken by prior-year revenue growth rate; none occurred.
Full details in How this ranking was produced below.
The ranking at a glance
| # | Name | FY2025 revenue | Best for | Location |
|---|---|---|---|---|
| 1 | Petronas | RM266.1 billion | Malaysia's largest company by a wide margin. | PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur |
| 2 | Sime Darby Berhad | RM70.1 billion | Diversified industrial equipment and motor trading at national scale. | Level 5, Wisma Sime Darby, Jalan Raja Laut, Kuala Lumpur |
| 3 | Tenaga Nasional Berhad (TNB) | RM67.7 billion | The country's dominant electricity generator, transmitter and distributor. | TNB headquarters, Bangsar, Kuala Lumpur |
| 4 | Petronas Dagangan Berhad | RM38.3 billion | Malaysia's PETRONAS-branded fuel retail network. | Menara Dayabumi, Jalan Sultan Hishamuddin, Kuala Lumpur |
| 5 | YTL Corporation Berhad | RM30.8 billion | Diversified utilities-to-hospitality conglomerate. | 11th Floor, Yeoh Tiong Lay Plaza, Jalan Bukit Bintang, Kuala Lumpur |
| 6 | Genting Berhad | RM27.7 billion | Diversified gaming, leisure and plantations group. | Wisma Genting, Jalan Sultan Ismail, Kuala Lumpur |
| 7 | PETRONAS Chemicals Group Berhad | RM27.5 billion | Large-scale olefins, derivatives and specialty chemicals production. | Menara Dayabumi, Jalan Sultan Hishamuddin, Kuala Lumpur |
| 8 | IHH Healthcare Berhad | RM25.7 billion | Malaysia's largest private healthcare and hospital group. | Vertex Tower A, The Vertical, Bangsar South, Kuala Lumpur |
| 9 | DRB-HICOM Berhad | RM17.3 billion | Diversified automotive, services and defence/aerospace group. | Wisma DRB-HICOM, Glenmarie, Shah Alam, Selangor |
| 10 | Press Metal Aluminium Holdings Berhad | RM16.2 billion | Southeast Asia's largest aluminium smelting operation. | Mentakab, Pahang (headquarters) and Samalaju, Sarawak (smelters) |
"Biggest company in Malaysia" usually gets answered with a stock-market number -- our own companion ranking covers Bursa Malaysia market capitalisation. This article asks a different question: which Malaysian companies actually generate the most revenue, going by their own audited financial statements? The two questions produce very different lists.
Revenue is a size-of-operations metric, not a profitability or valuation signal, and a FY2025 snapshot dates quickly -- we verified every figure against a named source on 22 June 2026 and captured that date as part of the answer. Banks are excluded from this particular ranking; see the scope note in our methodology for why.
The full ranking
Petronas
Petroliam Nasional Berhad, Malaysia's wholly government-owned national oil and gas company, headquartered at PETRONAS Twin Towers, Kuala Lumpur.
Why it was selected
RM266.1 billion in FY2025 revenue -- nearly four times the second-placed company on this list, despite a 17% year-on-year decline driven by lower average realised prices, lower sales volume, foreign exchange impact and the divestment of the Engen Group (Petronas FY2025 Financial Report).
Best for
Malaysia's largest company by a wide margin.
- Location:
- PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur
- Website:
- www.petronas.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM266.1 billion
- Sector:
- Integrated oil & gas (state-owned)
- Ownership:
- 100% Government of Malaysia
Sime Darby Berhad
A Bursa Malaysia-listed trading, industrial and motor conglomerate, demerged from the wider Sime Darby group in 2017.
Why it was selected
RM70.1 billion in FY2025 revenue, up 4.4% from RM67.1 billion in FY2024, alongside RM2.06 billion in net profit (Sime Darby FY2025 results release).
Best for
Diversified industrial equipment and motor trading at national scale.
- Location:
- Level 5, Wisma Sime Darby, Jalan Raja Laut, Kuala Lumpur
- Website:
- www.sime.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM70.1 billion
- Sector:
- Trading / industrial / motors
- Ticker:
- KLSE: 4197 (SIME)
Tenaga Nasional Berhad (TNB)
Malaysia's national electricity utility, listed on Bursa Malaysia.
Why it was selected
RM67.7 billion in FY2025 revenue, up 19.4% year-on-year on higher electricity sales, with 133.9 TWh of electricity sold and profit after tax up 19.0% to RM4.77 billion (TNB FY2025 results, via Bernama).
Best for
The country's dominant electricity generator, transmitter and distributor.
- Location:
- TNB headquarters, Bangsar, Kuala Lumpur
- Website:
- www.tnb.com.my
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM67.7 billion
- Sector:
- Utilities (electricity)
- Ticker:
- KLSE: 5347 (TENAGA)
Petronas Dagangan Berhad
Petronas's Bursa-listed downstream fuel-retail and marketing arm, operating the PETRONAS-branded service station network.
Why it was selected
RM38,269.3 million (RM38.3 billion) in FY2025 revenue, up 1% year-on-year, with RM1,136.5 million in profit after tax, its highest post-pandemic level (Petronas Dagangan Integrated Annual Report 2025).
Best for
Malaysia's PETRONAS-branded fuel retail network.
- Location:
- Menara Dayabumi, Jalan Sultan Hishamuddin, Kuala Lumpur
- Website:
- www.mymesra.com.my
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM38.3 billion
- Sector:
- Fuel retail & marketing
- Ticker:
- KLSE: 5681 (PETDAG)
YTL Corporation Berhad
A diversified Bursa-listed conglomerate spanning utilities, cement, construction, hospitality and data centres.
Why it was selected
RM30,818.2 million (RM30.8 billion) in revenue for the twelve months ended 30 June 2025, up modestly from RM30,490.7 million a year earlier (YTL Corporation Annual Report 2025).
Best for
Diversified utilities-to-hospitality conglomerate.
- Location:
- 11th Floor, Yeoh Tiong Lay Plaza, Jalan Bukit Bintang, Kuala Lumpur
- Website:
- www.ytl.com
- Verified:
- 22 Jun 2026
- FY2025 revenue (FYE 30 Jun):
- RM30.8 billion
- Sector:
- Diversified conglomerate
- Ticker:
- KLSE: 4677 (YTL)
Genting Berhad
A Bursa-listed leisure, gaming, plantations and power conglomerate, parent of Genting Malaysia and Genting Plantations.
Why it was selected
RM27.7 billion in 2025 revenue, broadly stable year-on-year despite macroeconomic headwinds across its gaming and leisure operations (Genting Berhad Integrated Annual Report 2025).
Best for
Diversified gaming, leisure and plantations group.
- Location:
- Wisma Genting, Jalan Sultan Ismail, Kuala Lumpur
- Website:
- www.genting.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM27.7 billion
- Sector:
- Leisure, gaming & plantations
- Ticker:
- KLSE: 3182 (GENTING)
PETRONAS Chemicals Group Berhad
Petronas's Bursa-listed petrochemicals arm, producing olefins, derivatives and specialty chemicals.
Why it was selected
RM27.5 billion in FY2025 revenue on steady sales volumes and a 96% average plant utilisation rate, though EBITDA fell 46% year-on-year amid softer product prices and market oversupply (PCG FY2025 results release).
Best for
Large-scale olefins, derivatives and specialty chemicals production.
- Location:
- Menara Dayabumi, Jalan Sultan Hishamuddin, Kuala Lumpur
- Website:
- www.petronas.com/pcg
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM27.5 billion
- Sector:
- Petrochemicals
- Ticker:
- KLSE: 5183 (PCHEM)
IHH Healthcare Berhad
A Bursa-listed private healthcare group operating hospitals across Malaysia, Singapore, Turkiye, India and beyond.
Why it was selected
RM25.74 billion in FY2025 revenue, up 6% from RM24.38 billion in FY2024, led by strong execution in its Malaysia and India operations (IHH Healthcare FY2025 results, via Bernama).
Best for
Malaysia's largest private healthcare and hospital group.
- Location:
- Vertex Tower A, The Vertical, Bangsar South, Kuala Lumpur
- Website:
- www.ihhhealthcare.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM25.7 billion
- Sector:
- Private healthcare
- Ticker:
- KLSE: 5225 (IHH)
DRB-HICOM Berhad
A diversified Bursa-listed group spanning automotive (Proton, Honda Malaysia), services, and defence/aerospace.
Why it was selected
RM17.31 billion in FY2025 revenue, up 6.9% year-on-year, fuelled by Proton sales and an aerospace-sector acquisition, with pre-tax profit up to RM653.88 million (DRB-HICOM FY2025 results, via BusinessToday).
Best for
Diversified automotive, services and defence/aerospace group.
- Location:
- Wisma DRB-HICOM, Glenmarie, Shah Alam, Selangor
- Website:
- www.drb-hicom.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM17.3 billion
- Sector:
- Automotive, services & aerospace
- Ticker:
- KLSE: 1619 (DRBHCOM)
Press Metal Aluminium Holdings Berhad
Southeast Asia's largest aluminium smelter operator, listed on Bursa Malaysia.
Why it was selected
RM16.2 billion in FY2025 revenue, up 13.4% year-on-year (smelting RM13.4 billion, extrusion RM3.1 billion, refinery RM384 million), with net profit up 18.4% to RM2.51 billion (Press Metal FY2025 results, via The Edge Malaysia).
Best for
Southeast Asia's largest aluminium smelting operation.
- Location:
- Mentakab, Pahang (headquarters) and Samalaju, Sarawak (smelters)
- Website:
- www.pressmetal.com
- Verified:
- 22 Jun 2026
- FY2025 revenue:
- RM16.2 billion
- Sector:
- Aluminium smelting
- Ticker:
- KLSE: 8869 (PMETAL)
Frequently asked questions
Which Malaysian company has the highest revenue?
Petroliam Nasional Berhad (Petronas), Malaysia's wholly government-owned national oil company, with RM266.1 billion in revenue for the financial year ended 31 December 2025, as verified against Petronas's own FY2025 Financial Report on 22 June 2026 -- more than three times second-placed Sime Darby Berhad (RM70.1 billion).
Why isn't Maybank or another bank in this ranking?
Malaysian banks disclose "revenue" on inconsistent accounting bases across institutions -- gross interest income before interest expense for some, net operating income for others -- and Malaysia's Top Ten could not verify a like-for-like figure across all major banks within our research window. Rather than publish a mixed comparison, we scoped this ranking to non-financial companies only.
Is Petronas included even though it isn't listed on Bursa Malaysia?
Yes. This ranking covers Malaysian companies broadly, not only Bursa Malaysia-listed companies. Petronas is wholly government-owned and not separately listed, but it publishes audited consolidated financial statements, which is the basis for its inclusion and its position as Malaysia's largest company by revenue.
How does this differ from your Bursa Malaysia market-capitalisation ranking?
They measure different things and produce different lists. Market capitalisation reflects what investors will pay for a listed company's shares; revenue reflects the scale of a company's actual sales. Only two companies -- Tenaga Nasional and Petronas Chemicals -- appear in both our market-cap and revenue top tens.
How was this Malaysian companies by revenue ranking compiled?
Malaysia's Top Ten sourced each company's total revenue directly from its own audited FY2025 financial statements, annual report or a named results announcement, verified 22 June 2026. The order is decided strictly by that figure; no editorial adjustment was applied.
How this ranking was produced
- Question: which Malaysian companies generated the most revenue in their latest audited financial year, as of 2026.
- Metric: total revenue as reported in each company's own audited FY2025 financial statements, integrated annual report, or a results announcement/press release naming the audited figure. Verified 22 June 2026.
- Scope: Malaysian companies broadly, not limited to Bursa Malaysia-listed companies. Petronas (Petroliam Nasional Berhad) is wholly government-owned and not separately listed, but publishes audited consolidated financial statements and qualifies on that basis.
- Bank exclusion (scope note): Malaysian banks report "revenue" on materially different bases across institutions -- some disclose a gross "Total Revenue" line (interest income before interest expense, plus non-interest income), others report net operating income/net interest income as their headline figure. We could not verify a consistent, like-for-like basis across all major banks within our research window, so banks are excluded from this ranking rather than mixed in on inconsistent figures.
- Fiscal year note: most companies report on a calendar financial year; YTL Corporation Berhad's FY2025 runs to 30 June 2025. We used each company's own most recently completed financial year at verification.
- Ties: none occurred; a tie would be broken by prior-year revenue growth rate.
Notable exclusions
Candidates considered but not ranked, and why:
- Malayan Banking Berhad (Maybank), Public Bank Berhad, CIMB Group Holdings and other Malaysian banks — Excluded as a category. Malaysian banks report "revenue" on inconsistent bases across institutions (gross interest income for some, net operating income for others); Malaysia's Top Ten could not verify a like-for-like figure within its research window, so banks were scoped out entirely rather than mixed in on inconsistent figures.
- Axiata Group Berhad — RM11.8 billion in FY2025 revenue, down 6.3% year-on-year -- the closest non-financial miss for the top ten.
- Sime Darby Plantation Berhad and Sime Darby Property Berhad — Separately Bursa-listed members of the wider Sime Darby corporate family, demerged from Sime Darby Berhad in 2017. Only Sime Darby Berhad itself, the trading/industrial/motors entity, had a consolidated FY2025 revenue figure Malaysia's Top Ten could verify within its research window.
Sources & references
- Petronas -- "PETRONAS Posts Lower Profit Amid Market Headwinds" (FY2025 results release)
- Sime Darby Berhad -- "Sime Reports RM2 billion in Net Profit for FY2025" (results release)
- Tenaga Nasional Berhad -- "Powering Nation's Progress: TNB's FY2025 Growth" (Bernama)
- Petronas Dagangan Berhad -- Integrated Annual Report 2025
- YTL Corporation Berhad -- Annual Report 2025
- Genting Berhad -- Integrated Annual Report 2025
- PETRONAS Chemicals Group Berhad -- FY2025 results media release
- IHH Healthcare Berhad -- FY2025 results coverage (Bernama)
- DRB-HICOM Berhad -- FY2025 revenue coverage (BusinessToday)
- Press Metal Aluminium Holdings Berhad -- FY2025 earnings coverage (The Edge Malaysia)
- Malaysia's Top Ten -- Top 10 Bursa Malaysia Companies by Market Capitalisation (companion ranking)
Limitations
Revenue figures are drawn from each company's FY2025 (or most recently completed financial year) audited results, verified on 22 June 2026 -- figures may be restated in subsequent filings, and this is a dated snapshot, not a live feed. Revenue measures the scale of operations, not profitability, efficiency or investment merit; this ranking is not investment advice. Fiscal year-ends vary by company (most report to 31 December 2025; YTL Corporation Berhad reports to 30 June 2025). Banks are excluded from this ranking for the accounting-basis reasons stated in our methodology, not because they are smaller.
Update history
| Date | Update |
|---|---|
| 22 Jun 2026 | 2026 ranking published (FY2025 revenue figures verified 22 June 2026). |
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