KUALA LUMPUR: Yinson Holdings Bhd
’s net profit declined to RM683mil for the financial year ended Jan 31, 2026 (FY26) from RM1.24bil in FY25.
The logistics company said in a Bursa Malaysia filing that the decrease in profit was mainly due to lower contribution from engineering, procurement, construction, installation, and commissioning (EPCIC) activities, as well as higher administrative expenses following its transition from a capital expenditure-intensive EPCIC phase to an operational phase.
The lower profit was further impacted by impairment losses recognised for its renewable energy or RE and green technology segments, as well as the absence of one-off gains recorded in the fourth quarter of the financial year 2025 (4Q25), including disposal gains and tax credits.
Meanwhile, revenue also fell to RM5.44bil in FY26 from RM7.60bil in FY25, driven by its offshore production that recorded a lower contribution from EPCIC activities as its floating production, storage and offloading (FPSO) vessels, such as FPSO Maria Quiteria, FPSO Atlanta and the Agogo FPSO, commenced their charter periods.
In 4Q26, the company’s net profit decreased to RM228mil from RM643mil in the previous year, due to lower revenue and higher administrative expenses recognised in the current quarter.
Revenue edged down to RM1.12bil from RM1.39bil in the same period previously, due to lower contribution from EPCIC activities, as the Agogo FPSO commenced its charter period on Aug 12, 2025 and the absence of a one-off gain. — Bernama
