YTL Corporation Berhad (YTL) Q1 2025 earnings summary

Executive summary

• Revenue for the quarter ended 30 September 2024 was RM7,773.9 million, up 3.4% year-over-year from RM7,521.0 million.

• Profit before tax declined 25.9% year-over-year to RM899.2 million from RM1,214.3 million.

• Net profit attributable to owners was RM333.7 million, down from RM521.7 million in the prior year.

• Total comprehensive loss for the period was RM1,488.6 million, mainly due to significant foreign currency translation losses.

Financial highlights

• Gross profit for the quarter was RM2,239.8 million, down from RM2,328.7 million year-over-year.

• Basic EPS was 3.03 sen, compared to 4.76 sen a year ago; diluted EPS was 2.97 sen, down from 4.68 sen.

• Net assets per share decreased to RM1.41 from RM1.49 as at 30 June 2024.

• Cash and cash equivalents at period end were RM13,231.1 million.

Outlook and guidance

• Construction segment is focused on replenishing its order book and progressing domestic projects, including data centers.

• Cement demand expected to remain robust, supported by infrastructure and housing needs; export opportunities to be explored.

• Property segment anticipates gradual improvement, aided by government incentives and new launches.

• Utilities segment expects stable electricity demand and is investing in hydrogen-ready and solar power facilities.

• Hospitality and telecommunications segments maintain a positive outlook, with ongoing expansion and innovation.