Kuala lumpur: YTL Corporation Bhd (YTL Corp) announced a decrease in its net profit to RM325.99 million for the third quarter ending March 31, 2026, compared to RM432.63 million in the same quarter of the previous year. Revenue, however, showed an increase, rising from RM7.32 billion to RM7.57 billion, according to a Bursa Malaysia filing today.

According to BERNAMA News Agency, the cement and building materials industry segment experienced a higher pre-tax profit year-on-year, while the property investment and development segment turned a profit following a loss last year. Despite these gains, the construction segment remained unprofitable, and the management services, hotel operations, and utilities operations reported weaker bottom-line results. For the nine-month period ending March 31, 2026, YTL Corp's net profit fell to RM1.11 billion from RM1.35 billion in the corresponding period of the previous year, with revenue slightly lower at RM22.80 billion compared to RM23.15 billion.

In a statement, YTL Corp's executive chairman, Tan Sri Francis Yeoh Sock Ping, attributed the slight increase in revenue to the cement and building materials, hotel operations, and utilities segments. However, he noted that profit before tax declined, primarily due to reduced contributions from the power generation sub-segment of the utilities division. Looking ahead, YTL Corp anticipates resilience in its business segments due to the essential nature of its operations and plans to closely monitor associated risks and impacts.

Meanwhile, YTL Power International Bhd's net profit decreased to RM325.81 million in 3Q FY2026 from RM489.41 million the previous year, although revenue rose to RM5.08 billion from RM4.89 billion. Yeoh highlighted the challenges in the power generation segment, noting that lower retail and vesting margins, along with the strengthening of the ringgit against the Singapore dollar, affected performance. However, the water segment in both the United Kingdom and Malaysia showed significant improvement due to regulatory price and tariff increases.

For the nine-month period ending March 31, 2026, YTL Power's net profit fell to RM1.26 billion from RM1.73 billion, with revenue at RM15.70 billion compared to RM16.25 billion in the previous year. Notably, the UK water segment recorded a 472% increase in profit before tax, while Malaysia's water segment saw a 126% rise. The data centre segment also posted a 422% growth in profit before tax compared to the same period last year. YTL Power's board declared an interim dividend of four sen per share for the financial year ending June 30, 2026.

Malayan Cement Bhd reported a rise in net profit to RM246.70 million for 3Q FY2026, up from RM182.84 million a year earlier, with revenue increasing to RM1.22 billion from RM1.10 billion. For the nine-month period, net profit advanced to RM680.25 million from RM506.97 million in FY2025, with revenue climbing to RM3.70 billion compared to RM3.42 billion. Yeoh attributed the revenue growth in 3Q FY2026 to higher turnover in the ready-mixed concrete and drymix divisions, driven by increased demand for high-grade, bespoke ready-mixed concrete products.

YTL Hospitality REIT's net profit grew to RM40.96 million in 3Q FY2026, up from RM30.08 million in the previous year, with revenue rising to RM149.06 million from RM141.10 million. Net property income increased by 6% to RM84.9 million, and income available for distribution rose by 9% to RM28.6 million. For the nine-month period, net profit widened to RM121.19 million from RM92.32 million, with revenue climbing to RM444.0 million compared to RM421.3 million. Yeoh noted that the hotel segment's improved performance was driven by stronger room demand and a robust calendar of major entertainment and sporting events, alongside the growth in group and cruise-related business. Improved average room rates and effective cost management contributed to the higher revenue and net property income compared to the previous year. Additionally, the property rental segment's performance increased following the commencement of the AC Hotel Ipoh lease agreement in April 2025.