YTL Power International Berhad (YTLPOWR) Q1 2025 earnings summary

Executive summary

• Revenue increased 4.4% year-over-year to RM5.68 billion for the quarter ended 30 September 2024, but profit before tax declined 35.6% to RM664.8 million due to lower power generation margins and higher unrealised forex losses.

• Net profit attributable to owners was RM470.6 million, down from RM847.9 million a year ago.

• Total comprehensive loss of RM1.45 billion, mainly from significant currency translation losses.

Financial highlights

• Gross profit fell to RM1.47 billion from RM1.60 billion year-over-year.

• Basic EPS dropped to 5.74 sen from 10.47 sen year-over-year.

• Net assets per share decreased to RM2.28 from RM2.45 at 30 June 2024.

• Cash and cash equivalents stood at RM8.38 billion at quarter-end.

• Total borrowings were RM32.07 billion, with a significant portion in foreign currencies.

Outlook and guidance

• Power generation expects stable demand, with focus on operational efficiency and renewable energy investments, including a 600MW hydrogen-ready CCGT and a 500MW solar facility.

• Water & Sewerage segment anticipates tariff adjustments to offset inflation and is exploring environmental market opportunities.

• Telecommunications aims to expand 5G coverage and subscriber base through affordable plans and partnerships.

• Investment holding activities include the development of a green data center park and digital banking initiatives.