Khazanah Demonstrates Resilience In 2025 Amidst Global Volatility
KUALA LUMPUR, Feb 10 (Bernama) -- Khazanah Nasional Bhd reported a resilient performance for the year ended Dec 31, 2025, with net assets of RM105 billion and a 5.2 per cent return for the financial year 2025, underpinned by disciplined portfolio management and long-term value creation.
Reflecting its long-term stewardship and strategic risk appetite, Khazanah also achieved a seven-year rolling annualised return of 6.1 per cent.
Khazanah managing director Datuk Amirul Feisal Wan Zahir said Khazanah has consistently fulfilled its duty to grow Malaysia’s long-term wealth through risk-adjusted returns, creating value beyond financial outcomes by building capacity and vibrant communities.
“We are pleased to note that our disciplined approach and long-term investment horizon enabled us to deliver a resilient performance despite a more volatile global environment in 2025.
“Supporting the Ekonomi MADANI agenda of raising both the floor and ceiling of our economy remains a priority of ours,” he said during the Khazanah Annual Review 2026 media briefing here today.
Amirul Feisal said that despite prevailing uncertainty in global markets shaped by the tariff war and geopolitical risks, Khazanah mirrored Malaysia’s sustained growth momentum, supported by progressive policies and the nation’s geopolitical neutrality.
In 2025, total assets increased by RM5 billion to RM156 billion, reflecting steady portfolio growth over the long term.
Khazanah’s financial performance is driven primarily by its investment portfolio, which remains the mainstay of financial returns.
The investment portfolio has grown from RM81 billion in 2018 to RM95 billion as at end-2025, underpinned by the robust performance of domestic and global equities, as well as value creation initiatives and diversification across the portfolio.
He said that under the connectivity pillar of its Malaysia investment strategy, Khazanah progressed two key strategic initiatives, namely the completion of the privatisation of Malaysia Airport Holdings Bhd (MAHB) and Dana Warisan, an initiative under Warisan Kuala Lumpur (Warisan KL).
“The MAHB privatisation is already yielding tangible results, with passenger movements rising 11.2 per cent year-on-year to 104.4 million, supported by 15 new airlines commencing services and operations into Malaysia.
“Kuala Lumpur International Airport was also named as Asia Pacific’s top airport in OAG’s Megahubs 2025 report, ranking joint fourth globally and maintaining its status as the world’s leading low-cost carrier (LCC) Megahub,” he said.
Dana Warisan achieved key conservation milestones, including the reopening of Seri Negara and the restoration of Block 1 of the Bangunan Sultan Abdul Samad Complex in time for Visit Malaysia 2026.
Moving forward, he said Khazanah will continue to strengthen portfolio resilience through prudent liquidity and risk management, while actively optimising diversification.
“In the face of enduring global headwinds, Khazanah will accelerate execution of our planned initiatives to ‘Advance Malaysia’ by optimising our long-term portfolio and delivering socioeconomic impact.
“We will continue to focus on national priorities, deliver sustainable returns, strengthen portfolio resilience across liquidity and risk dimensions while diversifying our global exposures,” he added.
-- BERNAMA