KUALA LUMPUR: YTL Corporation Bhd’s (YTL Corp) net profit declined to RM438.03 million in the second quarter (2Q) ended Dec 31, 2025, for the financial year 2026 (FY2026) from RM580 million in the same period a year ago.
Its revenue for the quarter under review fell to RM7.58 billion from RM8.05 billion in 2Q FY2025, mainly pulled down by its construction business, property investment and development, and utilities.
For the six months ended Dec 31, 2025, net profit decreased to RM784.51 million from RM913.72 million recorded in the same period of the preceding year, while revenue stood at RM15.22 billion from RM15.83 billion previously.
Moving forward, the conglomerate said it is proactively taking steps to ensure its construction projects remain on track and to replenish its order book, despite challenges in a competitive landscape.
In a separate statement, Executive Chairman, Tan Sri Francis Yeoh Sock Ping, said the group continued to record solid results in the 2Q FY2026.
As for its wholly owned unit, YTL Power International Bhd, the multi-utility company recorded a weaker net profit of RM436.56 million in 2Q FY2026 versus RM767.69 million in the same quarter last year.
Its revenue also declined by 7.5 per cent to RM5.25 billion in 2Q FY2026 from RM5.67 billion in 2Q FY2025, mainly due to telecommunications, power generation, and investment holding activities.
Yeoh said YTL Power’s performance remained satisfactory for the current quarter.
“Revenue and profit before tax decreased mainly due to factors including lower vesting margins in the Singapore power generation segment and a higher unrealised forex (foreign exchange) loss (a non-cash item) on the shareholder loan extended to our Jordan project, partially offset by higher contribution from our data centre business,” he said.
On prospects, YTL Power expects its business segments’ performance to remain resilient due to the essential nature of its operations.
Malayan Cement Bhd, a YTL Corp-controlled cement producer, however, recorded a higher net profit of RM232.98 million in 2Q FY2026 from RM184.68 million previously.
Revenue advanced to RM1.26 billion from RM1.15 billion previously, mainly attributed to improved sales volume of ready-mixed concrete and specialised cement products, coupled with higher cement exports.
“Revenue for the current quarter remained satisfactory. Higher profit before tax was mainly supported by reduced energy costs and improved operational efficiencies resulting from measures including optimisation of artificial intelligence and other advanced technological systems,” said Yeoh.
Moving forward, Malayan Cement expects cement demand to remain resilient, in line with the positive momentum of industrial and commercial construction activity.
The board also declared an interim dividend of six sen per share, payable on March 27, 2026.
Meanwhile, YTL Hospitality REIT recorded a higher net profit of RM47.77 million in 2Q FY2026 from RM32.41 million previously, with revenue rising to RM154.46 million from RM147.49 million in the same quarter a year ago.
“The hotel segment recorded higher revenue and net property income compared to the preceding quarter due to favourable seasonal factors that strengthened overall market demand and contributed to improved room rates and higher occupancy rates.
“Meanwhile, the property rental segment’s performance approximated that of the previous quarter,” said Yeoh. – BERNAMA
