Yinson Holdings Berhad (YINSON) Q2 2025 earnings summary

Executive summary

• Achieved 9% year-over-year growth in profit after tax for Q2'FYE 2025, reaching RM263 million.

• EBITDA rose 58% YoY to RM869 million for the quarter, driven by operational assets and one-off reversal of impairment.

• Revenue for Q2'FYE 2025 was RM2,142 million, down 3% sequentially and 29% YoY due to lower EPCIC contributions.

• Declared interim dividend of 1.0 sen per share, totaling 2.0 sen for 6M FYE 2025, with a dividend reinvestment plan in place.

Financial highlights

• Q2'FYE 2025 revenue: RM2,142 million (down 3% QoQ, down 29% YoY).

• Q2'FYE 2025 EBITDA: RM869 million (up 6% QoQ, up 58% YoY).

• Q2'FYE 2025 PAT: RM263 million (up 6% QoQ, up 9% YoY).

• YTD Q2'FYE 2025 PAT: RM512 million (up 9% YoY).

• PATAMI for Q2'FYE 2025: RM203 million (flat QoQ, down 7% YoY).

Outlook and guidance

• Assets under construction expected to commence charter periods within 16 months, supporting future growth.

• FPSO Maria Quitéria and FPSO Atlanta on track for first oil by year-end, expected to boost profits.

• Agogo FPSO remains on schedule for first oil in 2025.

• Committed to quarterly dividend payments for FYE 2025.