Yinson Holdings Berhad (YINSON) investor relations material

Executive summary

• Revenue for FY2026 declined 28.5% year-over-year to RM5,440 million, mainly due to lower EPCIC activity and absence of prior year one-off gains.

• Net profit attributable to owners dropped 45.3% to RM683 million, reflecting lower revenue, higher administrative expenses, and impairment losses in Renewables and Green Technologies.

• Significant capital was raised via RCPS and warrants (USD500 million in FY2026), strengthening liquidity and equity.

Financial highlights

• Gross profit increased 17.8% year-over-year to RM3,210 million, despite revenue decline, due to a sharp reduction in direct expenses.

• Profit before tax fell 8.1% to RM1,029 million; profit after tax dropped 52.5% to RM753 million.

• Basic EPS for the year was 14.8 sen, down 60.3% year-over-year.

• Net cash from financing activities was RM4,534 million, offsetting negative operating and investing cash flows.

Outlook and guidance

• FPSO market outlook remains robust, with long-term contracted revenue backlog of USD19.5 billion supporting stable cash flows.

• Renewables and Green Technologies positioned for growth as energy transition accelerates, especially in Asia Pacific, Europe, and Latin America.

• Management expects sufficient liquidity and is optimistic about delivering satisfactory results for FY2027.