YTL Power’s Full-Year Profit After Tax Soars 1,286% to RM1.2 Billion (US$274 Million)

YTL Power International Berhad FY2022
4th Quarter Results

Second Interim Dividend of 2.5 Sen per Share Declared

YTL Power International Berhad’s revenue increased 65% to RM17,793.9 million (US$3,980.7 mn) for the 12 months ended 30 June 2022 compared to RM10,784.7 million (US$2,412.7 mn) for the 12 months ended 30 June 2021. Profit before tax grew 120% to RM1,396.4 million (US$312.4 mn) for the 12 months under review compared to RM633.8 million (US$141.8 mn) for the same period last year, with profit after tax increasing to RM1,222.8 million (US$273.6 mn) for the year under review compared to a loss after tax of RM103.1 million (US$23.1 mn) last year.

The Group’s EBITDA grew by 27% to RM3.6 billion (US$812.2 mn) for the current year compared to RM2.9 billion (US$637.6 mn) last year.

The Board of Directors of YTL Power declared a second interim cash dividend of 2.5 sen per ordinary share, the book closure and payment dates for which are 11 November 2022 and 29 November 2022, respectively. Combined with the first interim dividend of 2.0 sen per ordinary share declared last quarter, this amounts to a total dividend of 4.5 sen per ordinary share in respect of the financial year ended 30 June 2022.

Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, Executive Chairman of YTL Power, said, “Stronger revenue this financial year was driven primarily by our merchant multi-utilities segment in Singapore, water and sewerage business in the UK and telecommunications segment in Malaysia, with the gain on disposal of our investment in ElectraNet in Australia also bolstering profit.

“Key strategic developments in our business this year included the completion of our acquisition of the Tuaspring power plant in Singapore which has been integrated into our existing operations, improving operational efficiency and strengthening our overall value proposition. In line with our shift towards more sustainable energy solutions, we have embarked on the development of a new solar generation facility of up to 500 megawatts, as well as the YTL Green Data Center Park in Johor, which will be the first data center campus in Malaysia to be powered by on-site renewable energy.”

Comparison with Preceding Year

 12 months ended

RM ‘000
12 months ended

RM ‘000

Profit before taxation1,396,434633,788+120%
Profit for the period1,222,820(103,128)+1,286%