YTL Corporation Berhad (YTL) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 31 December 2024 rose 5.2% year-over-year to RM15.83 billion, while profit before tax declined 11.8% to RM2.20 billion due to lower contributions from certain segments.

• Net profit attributable to owners was RM913.7 million, down from RM1.11 billion in the prior year period.

• Major acquisition of NSL Ltd. completed in October 2024, boosting cement and building materials segment.

Financial highlights

• Revenue: RM15.83 billion (up from RM15.05 billion year-over-year).

• Profit before tax: RM2.20 billion (down from RM2.49 billion year-over-year).

• Net profit: RM1.67 billion (down from RM1.97 billion year-over-year).

• Basic EPS: 8.29 sen (down from 10.13 sen year-over-year).

• Total assets: RM89.88 billion as of 31 December 2024.

Outlook and guidance

• Construction segment focused on replenishing order book and progressing data center projects.

• Cement demand expected to remain strong, supported by infrastructure and housing needs, with export opportunities from Langkawi plant.

• Property segment anticipates improved demand, aided by government housing initiatives.

• Utilities segment investing in hydrogen-ready and solar power projects, with stable electricity demand expected.

• Digital banking operations commenced in December 2024, targeting underserved markets.