Amanah Saham Bumiputera, or ASB, unitholders will receive a total income distribution of 5.75 sen per unit [PDF] for the financial year ending 31 December 2025. The payout was announced earlier this week by Permodalan Nasional Bhd, or PNB, and matches the distribution paid last year.

For most investors, the key takeaway is straightforward. The income will be credited automatically, no action is required, and the return remains higher than average fixed deposit rates.

How Much ASB Investors Will Receive

The FY2025 distribution consists of a dividend of 5.20 sen per unit and a bonus of 0.55 sen per unit. Payments will be made by Amanah Saham Nasional Bhd, or ASNB, which manages ASB on behalf of PNB.

The total payout amounts to RM10.4 billion and will benefit 11.4 million ASB unitholders nationwide. According to PNB, this is the largest annual distribution quantum since ASB was launched.

When The Distribution Is Credited

The income distribution is credited automatically based on unit holdings as at 31 December 2025. Unitholders do not need to submit any applications or make changes to their accounts.

Once credited, the amount forms part of the investor’s ASB balance and continues to earn returns in subsequent years.

How ASB’s Return Compares With Fixed Deposits

ASB’s FY2025 distribution remains unchanged from the previous year and continues to exceed the average 12-month fixed deposit rate. In 2025, the average rate offered by Malayan Banking Bhd stood at 2.29%.

This comparison matters for investors who use ASB as a low-risk savings or long-term wealth accumulation tool, particularly in an environment where deposit rates remain modest.

Delivered Despite A Challenging Market Year

The distribution was declared against a mixed market backdrop. In 2025, the FBM KLCI recorded a price return decline of 0.3%, reflecting cautious investor sentiment and continued foreign fund outflows.

At the same time, Malaysia’s broader economic fundamentals remained supportive. Gross domestic product growth for 2025 is expected to fall within a range of 4.0% to 4.8%. The ringgit also strengthened during the year, appreciating 8.7% to RM4.09 against the US dollar, alongside continued inbound investments.

What This Says About ASB’s Long-Term Track Record

With the FY2025 payout, ASB’s cumulative income distribution since inception has reached RM206.7 billion. This reflects the fund’s long-term role as a core savings vehicle for Bumiputera investors.

For unitholders, consistency is a key consideration. While annual returns can vary, ASB has maintained regular distributions across different economic cycles.

Strong Year Across All ASNB Funds

Beyond ASB, ASNB distributed RM15.3 billion in total dividends across its unit trust funds in 2025, the highest amount recorded to date. Total distributions since ASNB’s inception now stand at RM279 billion.

These distributions cover 18 unit trust funds, including fixed price funds such as ASB and Amanah Saham Malaysia, as well as variable price funds like ASN Equity, ASN Imbang, and ASN Sara.

Fixed And Variable Funds Continue To Perform

ASNB reported year-on-year improvements in distribution rates for its fixed price funds, maintaining healthy spreads above the average 12-month fixed deposit benchmark.

Its variable price funds also performed strongly. All funds outperformed their respective benchmarks, with four out of 12 funds ranking in the top quartile of their segments based on rolling three-year total returns.

What Investors Should Watch Going Forward

PNB is currently in the second year of its LEAP-6 Strategic Plan. As of 2025, assets under management have increased by 4.5% to RM364 billion, with a target of reaching RM400 billion by 2027.

While future ASB distributions will continue to depend on market conditions and portfolio performance, the FY2025 payout signals stability for investors who prioritise steady income and capital preservation.

ASNB Account Holders Remain Stable

The number of unique ASNB account holders remained steady at 13 million in 2025. During the year, ASNB recorded a gross addition of 560,000 account holders, reflecting continued public participation and confidence in its unit trust offerings.

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