YTL group executive chairman Tan Sri Francis Yeoh Sock Ping.
PETALING JAYA: YTL Corp Bhd
expects its businesses to remain resilient despite lower earnings in the financial year ended June 30, 2025 (FY25), citing the “essential nature of its operations”.
In a filing with Bursa Malaysia, the group stated it would “continue to closely monitor the related risks and impact on all business segments”.
For the fourth quarter ended June 30, 2025 (4Q25), YTL Corp saw its revenue slipping 6.9% year-on-year (y-o-y) to RM7.67bil, but net profit inched up 2.3% to RM547.17mil.
Executive chairman Tan Sri Francis Yeoh Sock Ping said the stronger bottom line was mainly driven by its utilities segment, which contributed about 60% or RM841.5mil to the group’s RM1.4bil pre-tax profit.
“As power generation is an essential service, electricity demand is expected to remain stable. This segment will continue to focus on customer service, operational efficiency and exploring diversification beyond the core business into integrated multi-utilities supply,” the group noted.
For FY25, group revenue was broadly flat at RM30.82bil versus RM30.49bil in FY24, but net profit fell 12.2% to RM1.88bil from RM2.14bil in FY24.
YTL Corp has declared a dividend of five sen per share for FY25, higher than 4.5 sen in FY24.
Meanwhile, its 46.45%-owned listed subsidiary YTL Power International Bhd posted weaker results, with its 4Q25 revenue down 11.9% y-o-y to RM5.55bil and net profit tumbling 34% to RM667mil from RM1.01bil.
YTL Power’s results were hit by weaker contribution from its power generation segment and wider losses from its telecommunications segment, partly offset by growth in its water and sewerage segment.
For FY25, YTL Power’s revenue slipped 2.1% y-o-y to RM21.81bil, while net profit sank 29.6% to RM2.4bil.
It declared a second interim dividend of four sen a share in 4Q25, bringing the total dividend in FY25 to eight sen per share, up from seven sen in FY24.
In contrast, Malayan Cement Bhd (MCement), 66.67%-owned by YTL Cement Bhd, which in turn is a subsidiary of YTL Corp, delivered stronger results.
For 4Q25, MCement’s top line rose 6.5% on-year to RM1.11bil while earnings surged 50.1% to RM165.42mil.
For FY25, MCement’s revenue grew 1.8% to RM4.53bil compared to RM4.45bil in FY24, while net profit surged 56.8% to RM672.39mil from RM428.7mil in FY24.
It declared an interim dividend of seven sen in 4Q25, bringing the full-year dividend to 12 sen a share, up from 10 sen in FY24.
Yeoh attributed the improved performance to efficiency upgrades, environmental, social and governance-driven improvements and lower impairment charges.
Looking ahead, MCement said demand would remain supported by infrastructure, industrial and residential projects, with the Johor-Singapore Special Economic Zone providing an additional catalyst.
At market close yesterday, YTL Corp rose two sen to RM2.70, YTL Power gained eight sen to RM4.32, while MCement slipped five sen to RM5.32. Yeah Tiong Lay & Sons Holdings Sdn Bhd, controlled by the Yeoh family, holds a 48.2% stake in YTL Corp.
The Employees Provident Fund owns 8.27% in YTL Corp and 9.73% in YTL Power, while Switzerland-based Credit Suisse Group AG holds 8.76% in YTL Corp and 2.99% in YTL Power.
