YTL Corp Bhd reported a 15.5% decline in net profit to RM419.38 million for the third quarter ended March 31, 2025 (3Q25), primarily due to weaker results from its utilities segment via YTL Power International.
YTL Power’s net profit dropped 30% to RM489.41 million, impacted by lower power prices and a stronger ringgit.
However, this was partly offset by a strong performance from its cement segment, Malayan Cement, which saw an 80.6% profit surge to RM182.84 million, driven by operational efficiencies and acquisition gains.
Revenue for the quarter edged up 1.5% to RM7.32 billion.
For the first nine months of FY2025, net profit fell 17.1% to RM1.33 billion while revenue rose 4% to RM23.15 billion.
The group expects stable performance from its cement and utilities segments moving forward. –TMR
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