in the previous year. Growth was backed by healthy demand in both domestic and commercial segments, with YoY growth of 5.5% and 9.9%, respectively, reflecting Malaysia’s robust domestic demand. OUR FINANCIAL PERFORMANCE In 2023, our revenue saw an increase of 4.3% year-over-year, driven by a rise in electricity demand, but a decrease in EBITDA, which fell by 10.5% to RM18.6 billion, mainly due to a lower contribution from the generation business. In line with this, Profit After Tax decreased by 26.8% to RM2.6 billion, largely as a result of the volatility of global coal prices (accounted from stockpiled inventories). Despite these challenges, we maintained our commitment to our dividend policy, which aims for a 30% to 60% payout ratio based on the reported Consolidated Net Profit Attributable to ShareholdersAfter Minority Interest, excluding extraordinary and non-recurring items. Thus, the Board is pleased to declare a final single-tier dividend of 28.0 sen per share. T ogether with our interim dividend of 18.0 sen per share paid on 17 October 2023, this brings our total dividend for the financial year 2023 to 46.0 sen per share, matching the total dividend paid in FY2022. Consequently, the dividend payout ratio for FY2023 was higher at 66.6% of profit after tax and minority interests, compared to 55.2% in FY2022, demonstrating our ongoing commitment to delivering shareholder value. AT THE VANGUARD OF MALAYSIA’S ENERGY TRANSITION The year 2023 entered the history books as the warmest year on record, a stark reminder of the impact of climate change exacerbated by the El Niño phenomenon. Domestically, we acknowledge that the nation was fortunate to be spared from the severe climate-related incidents that affected other parts of the world in 2023. CHAIRMAN’S LETTER TO SHAREHOLDERS RM53.07 billion RM2.66 billion 2022: RM50.87 billion 2022: RM2.65 billion REVENUE TOTAL DIVIDEND In fact, we witnessed the government ushering in a watershed year in terms of elevating its climate action ambitions by launching the