YTL Power International Berhad (YTLPOWR) Q2 2025 earnings summary

Executive summary

• Revenue increased 5.0% year-over-year to RM11.36 billion for the six months ended 31 December 2024, but profit before tax declined 22.0% to RM1.60 billion due to lower contributions from Power Generation and higher unrealised forex losses.

• Net profit attributable to owners was RM1.24 billion, down from RM1.69 billion year-over-year.

• The Group's business segments remained resilient, with Water & Sewerage and Telecommunications showing improved results.

Financial highlights

• Gross profit for the six months was RM2.80 billion, down from RM3.14 billion year-over-year.

• Basic EPS for the period was 15.09 sen, compared to 20.90 sen a year earlier.

• Net assets per share stood at RM2.40 as of 31 December 2024.

• Operating cash flow was RM1.84 billion, down from RM2.38 billion year-over-year.

Outlook and guidance

• Power Generation segment is investing in hydrogen-ready and solar power projects, aiming for sustainability and emission reduction.

• Water & Sewerage expects higher regulated expenditure and is exploring organic growth in the UK.

• Telecommunications plans to expand 5G services and grow its subscriber base through affordable plans.

• Investment holding activities include the operational launch of a green data center park and commencement of digital banking operations as Ryt Bank.