26/09/2025

BIZ & FINANCE FRIDAY | SEPT 26, 2025

15 Yinson posts lower Q2 revenue, net profit

“Yinson is well-positioned to capitalise on this landscape for growth, leveraging our excellence in project delivery, robust safety and operational performance, and innovation in emission-reduction technology. “The steadfast progress of the energy transition is also propelling our other engines of growth, renewables and green technologies, especially across our core markets of Asia Pacific, Europe and Latin America, providing the group with strategic optionality as markets evolve,” the company said in a filing. Further, Yinson noted that with the Agogo FPSO commencing its charter period on Aug 12, the group’s fleet of FPSOs is now fully operational. This marks the group’s successful transition from the EPCIC phase to the operations phase, characterised by steady cash inflows for the next 20 to 25 years. “This financial stability, together with the recent infusion of international capital and a prudent approach to optimising our capital structure, positions the group well to pursue new opportunities, particularly lease-and

operate FPSO and renewables projects,” it said. Yinson said amidst ongoing macro economic challenges including geopolitical uncertainties, inflation and shifting financial conditions, the group continues to apply prudent measures to manage inflation and interest rate risks. “These include hedging, effective fore casting, cost diversification across markets and embedding inflation consideration into our contracts. “We have also taken steps to focus on core businesses, streamlining operations and enhancing efficiency across the group. “As we look ahead, we remain confident in the resilience of our core businesses. Our continued investments in building a strong foundation rooted in sustainability position us to navigate uncertainty with agility and foresight. “Backed by our robust portfolio of long term contracts, we are optimistic about delivering satisfactory results for the financial year ending Jan 31, 2026,” Yinson said in the filing.

creating recurring income streams. “More importantly, this project reflects our commitment to building developments that add value to businesses, communities, and the state of Selangor,” he said at the handover event. The ceremony was officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari, together with other dignitaries, highlighting the state government’s support for public private partnerships across Selangor. Selgate group CEO Datuk Noor Hisham Mohd Ghouth said Paragon Globe is an organisation that has proven its capabilities and achievements in the property development sector with proud success. “Therefore, the decision to work with them was due to confidence in the quality, integrity, and commitment they bring. “The handover of this facility not only symbolises the success of Paragon Globe, but also a shared success for Selgate, where the synergy between the two parties is now manifested in tangible form,” he said. Earnings per share for Q2’26 stood at 2.30 from 5.60 in Q2’25. Yinson declared an interim single-tier dividend of 1 sen per ordinary share for the financial year ending Jan 31, 2026, amounting to approximately RM29 million. The interim single-tier dividend entitlement date and payable date are Dec 4 and Dec 19, respectively. According to the filing, Yinson stated that the global demand for clean, affordable, and reliable energy continues to rise, underpinning growth across all our businesses and sustaining a robust outlook for FPSOs. Over the medium term, consumption in emerging markets, petrochemical demand and a wave of projects at the FID stage, particularly in South America and Africa, continue to create a structural need for new production capacity. Yinson said that over the long term, energy systems are shifting steadily toward renewables, electrification, and decarboni sation, while maintaining a multi-decade role for contracted oil and gas production during the transition.

KUALA LUMPUR: Yinson Holdings Bhd, a global energy infrastructure company, posted a net profit of RM101 million for the second quarter ended July 31, 2025 (Q2’26), a decrease of 50.25% from RM203 million posted in the same quarter last year. Revenue for the quarter was RM1.36 billion, a decrease of 36.32% from RM2.14 billion last year, according to a filing to Bursa Malaysia yesterday. The decrease was mainly due to a one-off charge out of the remaining deferred financing costs arising from the refinancing of FPSO Maria Quitéria’s existing project financing loan to a US$1.17 billion project bond that was issued on July 7. o Group declares 1 sen interim dividend, remains confident in resilience of its core businesses SEPANG: Paragon Globe Bhd, a main market-listed property developer via its subsidiary Builtech Acres Sdn Bhd, has completed and handed over a purpose-built facility in Sepang, Selangor, to Selgate Healthcare Sdn Bhd. This project represents Paragon Globe’s first healthcare-related development, reflecting the group’s proven ability to deliver technically complex projects beyond its core residential and industrial portfolios. Under a 15-year lease agreement, Selgate Healthcare will occupy and operate the facility. This arrangement establishes a stable, recurring income stream for the group, complementing its property development earnings and strengthening its long-term growth trajectory. Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng said the successful completion and handover of this facility are proud milestones for the group. “It marks our entry into healthcare real estate, diversifying our portfolio and

Paragon Globe hands over Sepang facility to Selgate with 15-year lease

From left: Paragon Globe group executive director Datuk Seri Godwin Tan Pei Poh, Tan Pei Seng, PKNS group CEO Datuk Mahmud Abbas, Amirudin, Selangor State Executive Councillor for Public Health and Environment Jamaliah Jamaluddin, Noor Hisham and Selgate chairman Datuk Seri Dr Sulaiman Abdullah at the handover ceremony in Sepang.