KUALA LUMPUR: Yinson Holdings Bhd
posted a 19.48% decline in revenue to RM1.12bil in the fourth quarter of its financial year (4QFY26), mainly owing to the lower contribution from EPCIC activities.
It said this was owing to the commencement of the charters for FPSO Maria Quitéria, FPSO Atlanta and the Agogo FPSO on Oct 15, 2024, Dec 31, 2024, and Aug 12, 2025, respectively.
"This was partially offset by higher operational contribution from these assets following the start of their charter periods, as well as the recognition of a RM340mil gain arising from the buy-out of the project loan related to FPSO Atlanta in 3QFY26," said the energy infrastructure firm in a statement.
The group's quarterly net profit declined sharply to RM228mil, as compared to RM643mil in the year-ago quarter on the back of the lower revenue, higher administrative expenses as well as the group's transition from a capex-intensive EPCIC phase to an operational phase.
Yinson also recorded impairment losses of RM221mil for the renewables and green technologies segments, and the absence of one-off gains in 4QFY25 for the disposal of Yinson Boronia Consortium Pte Ltd from a subsidiary to a joweiint venture and gains from the disposal of subsidiaries.
For the entire financial year, Yinson's bottomline came in at RM683mil, slightly more than half the net profit of RM1.25bil recorded in the previous year. Annual revenue was RM5.44bil as compared to RM7.61bil in FY25.
The board of directors declared a final dividend of one sen per share, with entitlement and payment dates on June 4, 2026, and June 18, 2026, respectively.
"The group’s steady financial performance continues to be underpinned by the steady contribution of all our business units," said Yinson group executive chairman Lim Han Weng.
