KWASA DAMANSARA, 28 February 2026: The Employees Provident Fund (EPF) Board today announced a dividend rate of 6.15% for Simpanan Konvensional, with a total payout of RM67.1 billion, and 6.15% for Simpanan Shariah, with a payout of RM12.5 billion, bringing total distribution for 2025 to RM79.6 billion.

For the year ended 31 December 2025, EPF recorded total distributable income of RM82.7 billion, up 9.5% from RM75.5 billion in 2024. Investment assets grew to RM1,409 billion, an increase of 12.8% from RM1,250 billion, driven by portfolio income and net contributions of RM66.5 billion.

EPF Chairman Tan Sri Mohd Zuki Ali said, “We are pleased the EPF delivered a commendable performance in 2025 despite a volatile year marked by unpredictable trade policies. Resilient equity markets were the main driver of EPF’s income, supported by stable returns from fixed income and the well diversified nature of the portfolio. These results reflect our long-term approach to safeguarding members’ savings while delivering sustainable returns.”

Despite trade and geopolitical tensions, the global economy remained resilient in 2025. Moderating inflation allowed major central banks to begin easing policy, providing a more supportive environment for long-term investors.

Malaysia’s economy expanded by 5.2% in 2025, underpinned by steady domestic demand and resilient exports. Fiscal reforms, structural reforms, and strategic national initiatives strengthened investment activity and business confidence, while Bank Negara Malaysia’s policy rate adjustment to 2.75% supported growth momentum.

“Our diversified portfolio across asset classes and markets, guided by our Strategic Asset Allocation, has enabled us to navigate market volatility that peaked in second quarter after the announcement of reciprocal import tariffs by the United States. While market cycles may bring short-term volatility, disciplined risk management with a long-term investment strategy remains key to sustaining resilience and delivering consistent returns for members,” said Tan Sri Mohd Zuki.

Performance driven by equities, anchored by fixed income

Equities remained the primary contributor in 2025, generating RM50.7 billion, or 64% of total investment income. This surpassed RM49.9 billion in 2024, while ROI moderated to 7.9% amid global market volatility and softer domestic market conditions. Private Equity investments, which represent around 8% of the equity investments, recorded an ROI of 10.5%.

Fixed Income instruments, predominantly Malaysian Government Securities, anchored EPF’s portfolio with a stable income stream, contributing RM26.3 billion or 33% of total investment income with an ROI of 4.3%. As yields trended lower during the year, fund managers were able to realise capital gains in a measured manner while taking deliberate steps to keep the portfolio yield well‑positioned for future returns.

Real Estate and Infrastructure delivered RM1.6 billion in income with an ROI of 4.8% on a constant currency basis, while Money Market instruments contributed RM0.6 billion with an ROI of 1.6%. As most of these investments are denominated in non-Ringgit currencies, performance was affected by foreign exchange translation as the Ringgit strengthened against the US Dollar.

Total investment income recorded was RM79.2 billion. Consistent with previous years, the figure includes unrealised mark-to-market gains and losses on securities, arising mainly from foreign exchange rate fluctuations. Investment income for Simpanan Konvensional and Simpanan Shariah were RM66.2 billion and RM13.0 billion, respectively.

Equities made up 46.1% of total assets, while Fixed Income instruments comprised 44.7%. Real Estate and Infrastructure, and Money Market instruments accounted for 6.0% and 3.2%, respectively.

Domestic investments continued to provide steady income. Of the RM1,409 billion in total assets as at December 2025, 61.7% was invested domestically, generating RM39.3 billion or 49.6% of total investment income. Global investments, representing 38.3% of the portfolio, generated RM39.9 billion, accounting for 50.4% of total investment income.

Policy on non-Malaysian employees widens coverage, strengthens social protection

EPF membership grew to 18.1 million, supported by wider workforce participation, including non-Malaysian employees. Active members increased to 10.6 million, improving the active-to-inactive ratio to 59:41. New registrations remained robust, with 2.8 million new members and 89,649 new employers, bringing total active employers to 640,391.

Voluntary contributions continued to gain momentum, rising to RM19.2 billion. The i-Saraan programme was a key driver, with incentive recipients increasing 35.9% to 720,056 and total contributions rising 50.8% to RM4.0 billion. The number of Malaysian formal sector members contributing above statutory rates through i-Topup increased 26.0% to 229,901. Overall contributions received grew 12.3% to RM121.5 billion, supported by higher membership, wage growth and sustained confidence in EPF.

Navigating 2026 with caution amid global shifts

The global economy is expected to remain resilient as moderating inflation and a gradual monetary easing cycle support financial conditions for businesses and households. While growth across major economies may remain uneven, continued investment flows, particularly into technology are expected to provide underlying stability.

Malaysia’s outlook remains supported by resilient domestic demand, a healthy labour market and accelerated private investment, alongside higher tourism activity and sustained technology-driven exports.

Tan Sri Mohd Zuki said EPF will continue to prioritise prudence and long-term sustainability. “EPF remains cautious in its outlook as global uncertainties persist. Our investment approach remains anchored on discipline, diversification, and strong governance. As a long-term retirement fund, EPF operates with a multi-year investment horizon, recognising that returns may vary from year to year while remaining focused on sustainable returns over time, enabling members to benefit from compounding to grow their savings.”

The crediting of dividends for both Simpanan Konvensional and Simpanan Shariah will be completed on Sunday, 1 March 2026. Members may check their accounts via i-Akaun or obtain statements from EPF’s Self-Service Terminals (SST) nationwide.

Issued by ;
Editorial and Media Relations Unit
Corporate Affairs Department
28 February 2026
 

APPENDIX

Table 1: EPF 2025 Investment Performance Summary

Chart 1: EPF 15-Year Historical Dividend Rate

Dividend (%)

Chart 2: Investment Asset Growth of EPF Over 10 Years

Total Investment Assets (RM billion)

Table 2: EPF YTD December 2025 Registrations

Table 3: EPF YTD December 2025 Active Malaysian Formal Sector Members

Chart 3: EPF Active Malaysian Members Average and Median Savings

Chart 4: EPF Active Malaysian Members Average and Median Savings at Age 54 Years

Table 4: Savings of Malaysian EPF Members Below Age 55 by Race Group
(As at 31 December 2025)