PETALING JAYA: The YTL Group of companies saw mildly positive results across its business segments for the first quarter ended Sept 30 (1Q26).
It recorded single digit growth year-on-year (y-o-y) in bottomline for YTL Corp Bhd
, Malayan Cement Bhd and YTL Hospitality Real Estate Investment Trust (REIT) while YTL Power International Bhd saw lower net profit.
YTL Corp’s net profit grew 3.8% y-o-y to RM346.48mil in 1Q26 while revenue declined to RM7.64bil from RM7.77bil.
YTL Corp’s executive chairman Tan Sri Francis Yeoh said this signifies a solid start to its financial year 2026 (FY26) and was driven by the improved performance in the cement, property and hotel segments.
YTL Corp’s earnings before interest, taxes, depreciation and amortisation (Ebitda) for the said quarter rose 3% y-o-y to RM2.2bil.
While other segments remained strong, YTL Corp’s pre-tax profits were weighed in part by the construction and utilities segments.
“We are proactively taking steps to ensure that construction projects are on track and to replenish order book despite the challenges faced in the competitive landscape,” it said.
In its utilities segment, YTL Crop said electricity demand for YTL PowerSeraya Pte Ltd is expected to remain stable where it will focus on customer service, operational efficiencies and exploring diversification beyond the core business into integrated multi-utilities supply.
It plans to develop a large portion of the Kulai Young Estate into a large-scale solar power facilities with a generation capacity of up to 500 megawatts (MW) to co-power the adjacent 600MW green data centre park.
“This is in line with the group’s shift towards investing in more sustainable renewable energy solutions moving forward,” it said.
For Wessex Water, YTL Corp said outside of this appointed business here, it will continue to explore low risk opportunities for organic growth within the wider UK group. Malayan Cement recorded a 44% y-o-y jump in net profit to RM200.7mil in 1Q26 on the back of a 4% y-o-y increase in revenue to RM1.22bil.
“Higher revenue in the current quarter was mainly due to increased contribution from the aggregates and concrete segment and higher cement exports.
“While the increase in pre-tax profit was driven by the higher revenue, lower repair and maintenance costs and improved performance was underpinned by ongoing efficiency enhancements,” said Yeoh, who is executive chairman of Malayan Cement.
“The group’s ongoing cost management and efficiency efforts have delivered improved performance across all business units, with all divisions excelling in delivering high-value, bespoke products tailored to the evolving demands of the construction industry,” he added.
Meanwhile, YTL-REIT’s revenue increased 6% to RM140.5mil as net property income (NPI) rose 12% y-o-y to RM77mil in 1Q26, while income available for distribution climbed 11% to RM29.5mil.
“The hotel segment recorded higher revenue and NPI compared to the same quarter last year, underpinned by stronger room demand driven by a robust calendar of entertainment and sporting events, partially offset by the weakening of the Australian dollar against the ringgit.
“The property rental segment registered higher revenue and NPI due mainly to new rental income following commencement of the AC Hotel Ipoh lease agreement in April 2025,” Yeoh added.
YTL Power saw a dip in its net profit to RM484.7mil in 1Q26 from RM510.6mil a year ago on the back of RM5.36bil revenue.
Yeoh said: “YTL Power started the FY26 on a steady note. Performance in the power generation segment continued to moderate, partially cushioned by improved results in the water and sewerage division”.
YTL Power’s Ebitda for 1Q26 rose to RM1.6bil, compared to RM1.5bil a year ago.
