More than 90 Malaysian companies make Fortune Southeast Asia 500 List
According to Fortune, the second annual Southeast Asia 500 list highlights a region poised to capitalise on global supply chain shifts and rapid growth in industries such as mining, electric vehicles, and artificial intelligence.
'The seven countries in last year's inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025 and continue to make their mark on the region's economy,' Fortune said on its website.
'Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains—capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics,' it added.
Companies are ranked by revenues for their latest available respective fiscal years ended on or before Dec 31, 2024, unless otherwise noted.
The annual list shows that Malaysian companies generated a combined US$201.6bil, with the top 10 companies accounting for over 44% of the total.
Malayan Banking Bhd (Maybank) remains the only Malaysian firm in the top 20 by revenue and also ranks among the region's most profitable companies.
Among the top 10 Malaysian companies on the list are Sime Darby Bhd (ranked 22nd in Southeast Asia), Tenaga Nasional Bhd (24th), CIMB Group Holdings Bhd (32nd), and PETRONAS Dagangan (34th).
Others include PETRONAS Chemicals (44th), YTL (46th), Genting (53rd), Public Bank (57th), and IHH Healthcare (65th).
CLICK TO ENLARGE Meanwhile, DXN Holdings debuts at 491st in the 2025 Fortune Southeast Asia ranking.
'We are honoured and delighted to be recognised by Fortune as one of Southeast Asia's top 500 companies. We started small in Kedah. This honour is a reflection of many years of dedication of everyone in DXN in the manufacturing and direct selling of wellness to our customers worldwide.
'This achievement is a testament to the resilience of our business model and the strength of our extensive member network. It reinforces the impact we are making across several jurisdictions and markets. This recognition inspires us to reach even greater heights,' DXN founder and executive chairman Datuk Lim Siow Jin said in a separate statement.
Affin Group and Yinson have been named to the Fortune Southeast Asia 500 for the second consecutive year, reflecting their strong financials, sustained growth, and rising regional presence.
'Being recognised on the Fortune Southeast Asia 500 list for a second year is a meaningful milestone for Yinson. It reflects the collective efforts of our people, partners, and communities.
As Southeast Asia evolves into a critical region for rapid energy transition, Yinson remains committed to advancing solutions that are innovative, inclusive, and future-focused,' Yinson Group CEO Lim Chern Yuan said.
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