YTL Corporation Berhad (YTL) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 rose 3.1% year-over-year to RM30.53 billion, while profit before tax surged 79.7% to RM4.90 billion, driven by improved margins and operational efficiencies across key segments.

• Net profit attributable to owners doubled to RM2.14 billion, with basic EPS at 19.52 sen versus 9.99 sen last year.

• Total comprehensive income for the year reached RM4.24 billion, up from RM3.02 billion in FY2023.

Financial highlights

• Gross profit increased to RM9.07 billion from RM6.45 billion year-over-year.

• Operating profit rose to RM7.11 billion from RM4.63 billion, while finance costs increased to RM2.62 billion.

• Cash and cash equivalents at year-end stood at RM14.15 billion.

• Net assets per share improved to RM1.48 from RM1.32.

• Interim dividend of 4.5 sen per share declared; no final dividend recommended.

Outlook and guidance

• Construction segment expects resilience and proactive order book management despite economic challenges.

• Cement demand to be sustained by infrastructure and housing needs; focus remains on operational efficiencies.

• Property segment anticipates gradual improvement, supported by government measures and internal synergies.

• Utilities to focus on stable electricity demand, renewable energy, and new hydrogen-ready power plant development.

• Telecommunications to expand 5G services and increase subscriber base through partnerships.