Permodalan Nasional Bhd (PNB) distributed a total of RM13.3 billion in income and bonuses to its unitholders for the financial year ending December 31, 2023 (FY2023), surpassing the RM12.2 billion disbursed the previous year.

The fund management company also announced that the cumulative income distribution since its inception in 1978 reached RM249.2 billion by FY2023, up from RM235.8 billion in FY2022.

These performance achievements were detailed in PNB's Integrated Annual Report for FY2023 released today.

PNB Group Chairman Raja Tan Sri Arshad Raja Tun Uda attributed the group's success to its strategic asset allocation and diversification across various asset classes.

"We enhanced our portfolio stability by increasing investments in fixed income, real estate, private markets, and foreign assets. These moves not only cushioned us against volatility but also ensured that we continued to generate positive returns for our unitholders," he said in a statement.

Among the key highlights and achievements in FY2023, PNB delivered commendable returns across its product portfolio of 17 funds, particularly through the group's fixed and variable price funds.

"The increase in individual investment limits for Amanah Saham Bumiputera (ASB), Amanah Saham Bumiputera 2, and the expansion of the Amanah Saham Malaysia funds received an encouraging response, with over 780,000 unitholders seizing the opportunity to grow their savings. In total, this generated an additional RM6.8 billion in sales for the three funds," he noted.

PNB recorded a 13% increase in gross income, rising from RM14.5 billion in FY2022 to RM16.4 billion in FY2023, and a 25% increase in net income, rising from RM10.4 billion in FY2022 to RM13.0 billion in FY2023.

Looking ahead, he said PNB approaches the future with both caution and optimism. The key economic plans underpinned by the Madani Economy framework are expected to stimulate growth by boosting domestic consumption and attracting new investments.

"The global landscape continues to evolve, marked by rapid changes and unforeseen challenges. In this environment, PNB remains committed to seeking and seizing new investment opportunities that could bring sustainable returns for unitholders while ensuring the utmost safety of their investments," he added.

PNB's newly developed strategy for 2024-2026 is described as both ambitious and achievable, crafted to ensure that the group remains a progressive organization.