Latest news with #YinsonHoldingsBhd
New Straits Times
07-07-2025
- Business
- New Straits Times
Yinson's Brazil FPSO projects to generate over US$12bil through 2045
KUALA LUMPUR: Yinson Holdings Bhd's three floating production storage and offloading (FPSO) assets in Brazil are expected to generate a combined contracted value of over US$12 billion through 2045. Group executive chairman Lim Han Weng said the projects will also play a key role in meeting the South American nation's long-term energy demands. "These projects are a result of close collaboration with our clients, partners, the Brazilian government, regulatory bodies and the local supply chain," he said. "It reflects what can be achieved when Malaysian and Brazilian ambition and capabilities come together." Lim made the remarks at a dinner reception in Rio de Janeiro hosted by Yinson in honour of Prime Minister Datuk Seri Anwar Ibrahim, commemorating the strong and growing ties between Malaysia and Brazil. Also present at the event were Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Transport Minister Anthony Loke. Held under the theme 'Partnerships for Progress', the event celebrated the milestone of achieving first oil from FPSO Atlanta, Yinson's third FPSO in Brazil delivered to client Brava Energia. Yinson had earlier welcomed Anwar to Rio de Janeiro in November 2024 to mark the deepening bilateral relationship and the presence of its FPSO operations in the South American country.
Barnama
30-06-2025
- Business
- Barnama
Yinson's Net Profit Slips To RM115 Mln In Q1 Ended April 30, 2025
KUALA LUMPUR, June 30 (Bernama) -- 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. "The results were due to lower income from engineering, procurement, construction, installation, and commissioning (EPCIC) activities, in line with the progress of construction work, as well as higher administrative costs as the company transitions from a heavy investment phase to a more operational phase," it said.
The Star
30-06-2025
- Business
- The Star
Yinson's 1Q earnings fall on lower EPCIC revenue
KUALA LUMPUR: Yinson Holdings Bhd posted a lower net profit of RM115mil in the first financial quarter ended April 30, 2025, against a net profit of RM203mil in the same quarter in 2024 due to lower revenue contribution from engineering, procurement, construction, installation, and commissioning activities. In the quarter under review, the global energy infrastructure firm said revenue fell 44% year-on-year (y-o-y) to RM1.23bil from RM2.21bil in the year-ago quarter as FPSO Maria Quitéria and FPSO Atlanta achieved first oil on Oct 15, 2024 (3QFY25) and Dec 31, 2024 (4QFY25) respectively, and the Agogo FPSO is in the final stages of construction. "The actual progress of our projects under construction is in line with the group's expectations," it said in its results announcement. The board of directors declared an interim dividend of two sen per share for FY26, with entitlement date on Sept 4, 2025, and payable on Sept 26, 2025. Among the highlights of the quarter, Yinson group executive chairman Lim Han Weng said it had successfully closed the previously announced US$1bil investment from a consortium of international investment firms. "'We are resolute to continuously deliver substantial growth and shareholder value," he added. Meanwhile, the group also announced that as of June 30, 2025, it had acquired 111.08 million treasury shares through its share buyback programme at an average price of RM2.20 per share, for a total consideration of RM244mil. Prior to the midday break, shares in Yinson were last traded one sen higher at RM2.34 each after 2.39 million shares changed hands.
New Straits Times
30-06-2025
- Business
- New Straits Times
Yinson's Q1 earnings drop 43pct to RM115mil, revenue down to RM1.23bil
KUALA LUMPUR: Yinson Holdings Bhd's net profit for the first quarter ended April 30, 2025 (1QFY26) fell 43 per cent to RM115 million from RM203 million in the same period last year. This was primarily due to the reclassification of FPSO Anna Nery as a joint venture following its disposal and higher administrative expenses. Its revenue dropped 44 per cent to RM1.23 billion from RM2.21 billion in the same quarter last year, mainly due to reduced contributions from engineering, procurement, construction, installation and commissioning (EPCIC) activities. The performance was also due to FPSO Maria Quitéria and FPSO Atlanta having already achieved first oil on Oct 15 and Dec 31, 2024 respectively, while the Agogo FPSO remains in its final construction phase. Yinson said the ongoing progress of its projects under construction remains on track and aligned with the group's expectations. The company declared an interim single-tier dividend of 2.0 sen per share for the financial year 2026, amounting to approximately RM56 million, with the entitlement and payment dates set for Sept 4 and Sept 26 respectively. In a filing with Bursa Malaysia, Yinson said demand in the FPSO market remains strong, particularly for contractors like itself that offer emissions reduction technologies and have a proven track record in timely delivery, safety, and operational excellence. "The demand for FPSOs is positive with the increase in project sanctions around the world particularly from Brazil, being the highest FPSO demand centre, followed by West Africa," it said. In the face of various macroeconomic challenges such as geopolitical tensions, inflation, and tighter financial conditions, Yinson added that it will continue to implement prudent strategies to manage inflation and interest rate risks. "As part of our ongoing efforts to focus on the core areas of our business, we will also strategically and continuously review our non-FPSO businesses for streamlining opportunities," it said. Yinson expressed confidence in the outlook for its core businesses, stating that its investments in building a strong sustainability foundation will position the company well to navigate ongoing uncertainties.
The Star
24-06-2025
- Business
- The Star
Trading ideas: Yinson, Willowglen, AirAsia X, Mulpha, Enra, LBS, CAB, Hiap Huat, Cuckoo, Pan Merchant, ASM, Foodie Media, Magni-Tech
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Yinson Holdings Bhd has announced that its FPSO unit, Yinson Bergenia Production BV, is considering the issuance of up to US$1.2bn (RM5.2bn) in bonds. Willowglen MSC Bhd 's wholly-owned subsidiary, Willowglen Services Pte Ltd, has been awarded a contract worth RM15.3mn by SP PowerAssets Ltd, Singapore, for the maintenance of partial discharge systems. AirAsia X Bhd chief executive officer Benyamin Ismail said the aviation group's RM1bn private placement is being finalised and still slated for completion by end-July. Mulpha International Bhd 's indirect wholly-owned subsidiary, Mulpha Marymount Pty Ltd has accepted a cash advance facility of A$73.8mn or approximately RM203.8mn from National Australia Bank Ltd. Enra Group Bhd , through subsidiary Hexagon Energy Logistics Sdn Bhd, has signed a US$32.1mn deal with SIP JDA Sdn Bhd to provide a storage tanker for Carigali-PTTEPI's oil and gas operations at the Malaysia-Thailand Joint Development Area. LBS Bina Group Bhd has launched Centrum Iris, the second phase of its Cameron Centrum township, marking it as the largest mixed commercial development in Cameron Highlands with a gross development value of RM472mn. CAB Cakaran Corp Bhd has revealed that the recent cyber attack on 51%-owned Farm's Best Food Industries Sdn Bhd, has not resulted in any material impact on the latter's operations or financial performance. Hiap Huat Holdings Bhd is buying a 20,000-square-metre industrial land and assets located in Kemaman, Terengganu for RM9.5mn. HSS Engineers Bhd via its wholly-owned subsidiary HSS Engineering Sdn Bhd has been hired for building information modelling and engineering design consultancy services by M/s Ocean Lifespaces India Pvt Ltd. Cuckoo International (MAL) Bhd announced a strategic collaboration with Samsung Malaysia Electronics (SME) Sdn Bhd to launch a new generation of smart home solutions in Malaysia. Solid-liquid filtration solutions provider Pan Merchant Bhd will proceed with its initial public offering and ACE Market debut on June 26, 2025, following cautious market reception and moderate subscription levels. ASM Automation Group Bhd, which is slated for listing on the ACE Market of Bursa Malaysia on July 2, said the 26.7mn new shares it offered to the public under its IPO have been oversubscribed by 1.3 times. Digital media publishing company Foodie Media Bhd, which operates the KL Foodie social media brands, is planning to raise funds through an initial public offering on the ACE Market of Bursa Malaysia to support workforce expansion and the purchase of a live streaming building. Magni-Tech Industries Bhd 's net profit for the 4QFY2025 fell 18.1% to RM28.3mn from RM34.5mn a year earlier, mainly due to lower revenue from both the garment and packaging segments.
