PETALING JAYA: YTL Corp Bhd
ended its financial year 2026 (FY26) with higher revenue but lower profits, although its fourth quarter ended June 30, 2026 (4Q26) performance strengthened on a sequential basis.
For FY26, YTL Corp’s revenue increased 3% to RM31.61bil from RM30.8bil in the previous financial year, while profit after tax slipped to RM2.83bil from RM3.58bil.
However, on a quarterly basis, revenue for 4Q26 rose 16% to RM8.82bil from RM7.57bil in the preceding quarter, while profit after tax jumped 19% to RM750.6mil from RM629.2mil.
In a statement, YTL Group executive chairman Tan Sri (Sir) Francis Yeoh Sock Ping said the group “continued to achieve solid results” in 4Q26 compared with the preceding quarter.
“The increase in revenue was mainly due to improved contributions from most business segments, whilst the increase in profit was driven mainly by stronger earnings from the utilities and cement and building materials segments,” he said.
YTL Corp declared an interim dividend of six sen per ordinary share for FY26, compared with five sen per share for FY25.
The book closure and payment dates for the dividend are Oct 2 and Oct 23, respectively.
Meanwhile, YTL Corp’s 52%-owned subsidiary YTL Power International Bhd recorded a 24% quarter-on-quarter (q-o-q) increase in revenue to RM6.33bil for 4Q26 from RM5.08bil, while profit after tax rose 38% to RM471.3mil from RM342mil.
Yeoh said the q-o-q revenue increase was driven mainly by higher pool and retail prices in its Singapore power generation segment and higher prices allowed by the regulator in its UK water and sewerage segment. This was coupled with higher revenue and profit from its data centre segment following the progressive ramp-up of data halls, he added.
On the data centre front, Yeoh said YTL Power is expanding its footprint at Sedenak Tech Park through a strategic partnership with JLand Group for a proposed joint development at Sedenak Tech Park West in Johor, which will include a new gigawatt-scale data centre campus.
“This proposed development will significantly expand YTL Power’s data center footprint,” he added.
For FY26, YTL Power’s revenue was relatively stable at RM22.02bil compared with RM21.8bil a year earlier, but profit after tax fell to RM1.76bil from RM2.67bil.
YTL Power declared a second interim dividend of four sen per ordinary share for FY26, with the book closure and payment dates set for Oct 2 and Oct 23, respectively.
Additionally, this brings its total dividend for FY26 to eight sen per share, unchanged from FY25.
Meanwhile, Malayan Cement Bhd, in which YTL Corp holds a 59% stake, recorded a 17% increase in revenue to RM1.29bil for 4Q26 from RM1.11bil in 3Q26, while profit after tax rose 35% to RM223.2mil from RM165.3mil.
Furthermore, Yeoh said the increase in revenue was mainly due to higher turnover in its ready-mixed concrete and drymix divisions, driven by stronger demand for high-grade and bespoke ready-mixed concrete products.
The higher profit before tax was attributed mainly to continued cost management and operational efficiencies, including greater adoption of renewable energy and waste heat recovery, optimisation of advanced technological systems, as well as lower operating and finance costs.
This was despite higher transportation costs arising from statutory requirements and elevated fuel prices.
For FY26, Malayan Cement’s revenue grew 10% to RM4.99bil from RM4.53bil in FY25, while profit after tax increased 34% to RM904.2mil from RM672.8mil.
Malayan Cement declared a second interim dividend of nine sen per ordinary share for FY26, with the book closure and payment dates set for Sept 11 and Oct 2, respectively.
This brings its total dividend for FY26 to 15 sen per share, compared with 10 sen per share in FY25.
