- PATAMI of RM228 million in Q4’FY2026, remaining broadly stable quarter on quarter.
- Increase of cumulative dividend to 5 sen per share in FY2026, 22% higher than FY2025.
- Yinson Renewables acquired 94.6 MW Mt Cass Wind Farm in New Zealand; signed 15-year Power Purchase Agreement and exclusivity agreement with Genesis Energy.
- Yinson GreenTech partnered Toll Group to launch Singapore’s first marine decarbonisation hub.
- Yinson Production’s FSO PTSC LDV completed primary structural construction; FSO Block B held first steel cut ceremony; both assets on track for scheduled completion.
Yinson Holdings, a global energy infrastructure company, has announced its financial results for the fourth quarter ended 31 January 2026 ('Q4’FY2026').
Yinson reported profit after tax and minority interests (PATAMI) of RM228 million for the quarter, broadly stable, quarter-on-quarter, supported by increasing operational contributions from FPSO assets entering their charter phase.
Financial highlights
Q4’FY2026 vs Q4’FY2026 (YoY)
- The Group’s revenue decreased by 28% to RM5,440 million in Q4’FY2026, mainly due to lower contribution from EPCIC activities as FPSO Maria Quitéria, FPSO Atlanta and the Agogo FPSO commenced their charter periods on 15 October 2024, 31 December 2024 and 12 August 2025, respectively. This was partially offset by higher operational contribution from these assets following the start of their charter periods, as well as the recognition of a RM340 million gain arising from the buy-out of the project loan related to FPSO Atlanta in Q3’FY2026.
- The Group’s EBITDA decreased by 12% to RM2,847 million, reflecting the same drivers as the Group’s revenue, higher administrative expenses as the Group transitioned from a CAPEX-intensive EPCIC phase to an operational phase and impairment losses of RM221 million recognised for the Renewables and Green Technologies segments. The decline also reflects the absence of one-off gains recognised in Q4’FY2025, including the gain on disposal of Yinson Boronia Consortium Pte Ltd from a subsidiary to a joint venture and gains from the disposal of subsidiaries.
- The Group’s profit after tax decreased by RM832 million or 52% to RM753 million as compared to RM1,585 million for Q4’FY2025. The decrease reflects the factors described above and the absence of a RM704 million income tax credit recognised in Q4’FY2025 arising from a change in tax basis for the Group’s Offshore Production operations in the Netherlands. This was partially offset by higher share of results of joint ventures and associates in the current year.
Q4’FY2026 vs Q3’FY2026
- The Group’s revenue decreased by 35% QoQ to RM1,124 million compared to Q3’FY2026's revenue of RM1,722 million, mainly due to lower EPCIC contributions following the commencement of the Agogo FPSO charter period on 12 August 2025 and the absence of the RM340 million gain from the buy-out of the project loan relating to FPSO Atlanta recognised in the previous quarter.
- The Group’s EBITDA decreased by 14% QoQ to RM675 million, reflecting the same revenue drivers and higher administrative expenses recognised during the quarter. This decrease was partially offset by lower impairment losses compared with the previous quarter.
- The Group’s profit after tax increased by 2% to RM251 million as compared to RM245 million in Q3’FY2026, mainly due to the same factors affecting the Group’s EBITDA, and higher share of results of joint ventures and associates driven primarily by annual charter rate escalation for FPSO Anna Nery and the commencement of EPCIC activities for the Block B FSO project.
Return of capital to shareholders
On 19 March 2026, the Board of Directors declared a final single-tier dividend of 1.0 sen per ordinary share for the financial year ended 31 January 2026 (“Q4 Final Dividend FY2026”), amounting to approximately RM29 million. The entitlement date and payable date for Q4 Final Dividend FY2026 are 4 June 2026 and 18 June 2026, respectively. This brings the cumulative dividend for FY2026 to 5 sen per share, 22% higher than FY2025, highlighting the Group’s ability to return capital to shareholders as our assets become operational.
As of 17 March 2026, the Group acquired 111,082,200 treasury shares through its share buyback programme, at an average price of RM2.20 per share, for a total consideration of RM244 million.
Chairman’s commentary
Yinson Group Executive Chairman, Lim Han Weng, commented, 'The Group’s steady financial performance continues to be underpinned by the steady contribution of all our business units.
Yinson Renewables’ acquisition of the Mt Cass Wind Farm project in New Zealand marks the first wind farm in its portfolio under construction and strengthens the value of our development pipeline. The 15-year power purchase agreement and exclusivity agreement signed with Genesis Energy further reinforces our position as a trusted partner in the country’s energy transition.
Yinson GreenTech partnered with Toll Group to launch Singapore’s first maritime decarbonisation hub, and further deepened its EV leasing programme in the e-hailing and logistics markets. This growing demand for electrification signals a maturing market and we remain committed to delivering scalable green tech solutions to accelerate this transition.
Yinson Production remains the Group’s primary growth engine, anchored by industry-leading safety performance, operational excellence and steady progress on our projects under construction, including key construction milestones achieved for the Block B and PTSC LDV FSO projects in Vietnam.'
Source: Yinson
