YTL Corp Q3 profit falls 15% to RM629.2 million as power margins dip
YTL Corporation Bhd’s third-quarter profit after tax fell 15% to RM629.2 million (US$158.5 million) from RM744.5 million a year earlier as lower power-generation margins weighed.
Source: YTL Corporation · August 7, 2026 at 1:31 AM · AI-assisted report
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SINGAPORE, 7 AUGUST 2026 —
YTL Corporation Bhd’s third-quarter profit after tax fell 15% to RM629.2 million (US$158.5 million) from RM744.5 million a year earlier as lower power-generation margins weighed.
Market Impact
Revenue rose 3% to RM7.57 billion from RM7.32 billion, driven by stronger cement, hotels and utilities, Tan Sri Francis Yeoh Sock Ping said. Profit before tax dropped 13% to RM861.6 million versus RM987.9 million.
For the nine months to March 31 2026, revenue slipped 2% to RM22.8 billion and profit after tax fell 14% to RM2.08 billion.
Power unit hit by ringgit strength YTL Power International Bhd posted a 32% decline in quarterly profit after tax to RM342 million on RM5.08 billion of revenue, up 4% year-on-year.
Tan Sri Yeoh cited lower retail and vesting margins in power generation and a stronger Malaysian ringgit versus the Singapore dollar as headwinds. Water operations in the UK and Malaysia grew sharply, with UK profit before tax up 472% and Malaysia up 126%.
The group declared a 4 sen interim dividend for the year ending June 30 2026, payable July 10.
Data centres and AI lead growth YTL Power now reports data centres as a distinct segment after revenue reached RM225 million and profit before tax hit RM59 million in the quarter. For the nine months, data-centre profit rose 422% to RM101 million on RM408 million of revenue.
Tan Sri Yeoh said the group has contracted 298 MW of data-centre capacity and plans to expand the YTL Green Data Center Park to 1,000 MW from 600 MW, co-powered by solar. To date, RM8.1 billion has been invested in data centres.
YTL AI Cloud, the group’s cloud provider, became Malaysia’s first and Asia’s only Nvidia Exemplar Cloud Provider, validating its high-performance clusters. Subsidiary YTL AI Labs released ILMUChat, ILMU Claw and ILMU Coding, expanding its ILMU large-language model family.
Cement unit posts strongest rise Malayan Cement Bhd posted a 12% revenue increase to RM1.22 billion and a 35% jump in profit after tax to RM247 million, as higher-grade ready-mixed concrete demand lifted turnover.
Tan Sri Yeoh attributed the gain to rigorous cost controls, renewable-energy adoption and waste-heat recovery, which offset higher transport costs.
For the nine months, Malayan Cement’s revenue rose 8% to RM3.70 billion and profit after tax climbed 34% to RM681 million.
YTL Hospitality REIT’s revenue rose 6% to RM149.1 million in the quarter.
Analysts watch margin trajectory The group’s diversified revenue base limits exposure to any single end-market, but analysts say the profit decline underscores pressure on power margins and the impact of currency moves.
YTL’s utilities and cement segments remain key cash generators, while its push into data centres and AI positions it for long-term growth in Malaysia’s expanding digital infrastructure.
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