YTL Power International Berhad (YTLPOWR) Q4 2024 earnings summary

Executive summary

• Profit before tax for FY2024 rose 68.0% year-over-year to RM4,114.6 million, driven by Power Generation segment performance.

• Revenue for FY2024 increased 2.0% year-over-year to RM22,320.5 million.

• Net profit attributable to owners for FY2024 was RM3,464.1 million, up from RM2,028.0 million in FY2023.

• Total comprehensive income for FY2024 reached RM3,846.97 million.

Financial highlights

• Gross profit for FY2024 was RM6,084.1 million, up from RM4,187.1 million year-over-year.

• Basic EPS for FY2024 was 42.69 sen, compared to 25.03 sen in FY2023.

• Net assets per share increased to RM2.45 as at 30 June 2024, from RM2.07 a year earlier.

• Cash and cash equivalents at year-end stood at RM8,737.8 million.

• Second interim dividend of 4.0 sen per share declared for FY2024.

Outlook and guidance

• Power Generation to focus on hydrogen-ready CCGT plant and large-scale solar facility development.

• Water & Sewerage segment expects stable performance, with inflationary cost pressures to be compensated in future tariffs.

• Telecommunications segment to expand 5G services and increase subscriber base through affordable plans.

• Investment holding activities to continue developing the YTL Green Data Center Park and digital banking initiatives.