Kuala lumpur: Yinson Holdings Bhd’s net profit for the first quarter ended April 30, 2025, fell to RM115.0 million from RM203.0 million recorded in the same period a year ago. Revenue for the quarter under review also fell to RM1.23 billion from RM2.21 billion previously, Yinson said in a filing with Bursa Malaysia today.

According to BERNAMA News Agency, the results were due to lower income from engineering, procurement, construction, installation, and commissioning (EPCIC) activities, in line with the progress of construction work. Additionally, higher administrative costs were incurred as the company transitions from a heavy investment phase to a more operational phase.

On its outlook, Yinson stated that global demand for clean, affordable, and stable energy continues to rise, supporting growth across all of its business units. The company noted that the floating production storage and offloading (FPSO) market continues to experience strong demand for contractors like Yinson, which has an edge in emissions reduction technologies and a solid track record in on-time delivery, safety, and operational performance.

Yinson added that FPSO demand remains positive, driven by the increasing number of project sanctions worldwide, particularly in Brazil, currently the largest FPSO demand centre, followed by West Africa.

In a separate filing, Yinson announced an interim single-tier dividend of two sen per ordinary share for the financial year ending January 31, 2026.