PETALING JAYA: YTL Corp Bhd
posted slightly higher revenue in its third quarter of financial year 2026 (3Q26), supported by stronger cement and hotel operations alongside resilient utilities performance.
In 3Q26, the group reported a net profit of RM325.99mil compared with RM432.63mil in 3Q25. Revenue rose to RM7.57bil compared with RM7.3bil a year earlier.
In a statement, YTL Corp executive chairman Tan Sri Sir Francis Yeoh Sock Ping said the group continued to record steady results in 3Q26.
“Revenue increased slightly in the current quarter, mainly driven by the cement and building materials, hotel operations and utilities segments, while profits decreased due to a lower contribution from the power generation sub-segment of the utilities division.”
For the nine-month period of financial year 2026 (9M26), net profit fell to RM1.1bil from RM1.35bil last year. Revenue declined marginally to RM22.8bil, compared with RM23.2bil previously.
YTL Corp’s cement arm Malayan Cement Bhd reported an increase in its 3Q26 net profit to RM246.70mil from RM182.84mil in 3Q25, while revenue grew to RM1.22bil compared to RM1.1bil in the same quarter last year.
Yeoh attributed the revenue performance to higher turnover in the ready-mixed concrete and dry-mix divisions, driven by increased demand for high-grade, bespoke ready-mixed concrete products.
He added that higher profits were driven by tight cost control and efficiency measures, including greater use of renewable energy, waste heat recovery, system optimisation, and lower operating and maintenance costs.
For Malayan Cement’s 9M26 review, net profit rose to RM680.25mil from RM506.97mil last year. Revenue rose to RM3.7bil from RM3.42bil previously.
Additionally, YTL Hospitality real estate investment trust’s revenue increased by 6% to RM149.1mil for the three months ended March 31, 2026, compared to RM141.1mil for the corresponding three months ended March 31, 2025.
Net property income (NPI) increased 6% to RM84.9mil for the quarter under review compared to RM79.7mil for the same quarter last year, whilst income available for distribution increased 9% to RM28.6mil for the current quarter, compared to RM26.2mil for the corresponding quarter last year.
Yeoh said the hotel segment’s performance improved due to stronger room demand, supported by a robust calendar of major entertainment and sporting events along with the growth in group and cruise-related business.
He added that average room rates and effective cost management improvement contributed to the NPI and higher revenue compared to the previous year.
The property rental segment’s performance also increased in the current financial quarter following the commencement of the AC Hotel Ipoh lease agreement in April 2025, he noted.
For the cumulative 9M26, revenue increased 5% to RM444mil compared to RM421.3mil for 9M25, whilst income available for distribution rose 11% to RM87mil in the current period compared to RM78.4mil for the same period last year.
YTL Power recorded revenue of RM5.08bil for the three months ended March 31, 2026 compared to RM4.89bil for the corresponding three months ended March 31, 2025.
Pre-tax profit stood at RM442.7mil for the current quarter under review compared to RM635.2mil for the same quarter last year, with profit after tax of RM342mil this quarter over RM508.2mil for the corresponding quarter last year.
