KUALA LUMPUR: Yinson Holdings Bhd
posted a lower net profit of RM115mil in the first financial quarter ended April 30, 2025, against a net profit of RM203mil in the same quarter in 2024 due to lower revenue contribution from engineering, procurement, construction, installation, and commissioning activities.
In the quarter under review, the global energy infrastructure firm said revenue fell 44% year-on-year (y-o-y) to RM1.23bil from RM2.21bil in the year-ago quarter as FPSO Maria Quitéria and FPSO Atlanta achieved first oil on Oct 15, 2024 (3QFY25) and Dec 31, 2024 (4QFY25) respectively, and the Agogo FPSO is in the final stages of construction.
"The actual progress of our projects under construction is in line with the group’s expectations," it said in its results announcement.
The board of directors declared an interim dividend of two sen per share for FY26, with entitlement date on Sept 4, 2025, and payable on Sept 26, 2025.
Among the highlights of the quarter, Yinson group executive chairman Lim Han Weng said it had successfully closed the previously announced US$1bil investment from a consortium of international investment firms.
"“We are resolute to continuously deliver substantial growth and shareholder value," he added.
Meanwhile, the group also announced that as of June 30, 2025, it had acquired 111.08 million treasury shares through its share buyback programme at an average price of RM2.20 per share, for a total consideration of RM244mil.
Prior to the midday break, shares in Yinson were last traded one sen higher at RM2.34 each after 2.39 million shares changed hands.
