[SINGAPORE] Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from US$20.9 million in the same period last year.
This was mainly due to lower net fair value gains recorded on its investment properties in Myanmar, the conglomerate said in a regulatory filing on Wednesday (May 21).
Mainboard-listed Yoma focuses on the real estate, financial services, consumer and automotive sectors.
Earnings per share fell 22.8 per cent to US$0.0071, from US$0.0092 in the year-ago period.
H2 revenue grew marginally by 0.7 per cent to US$110 million, from US$109.2 million a year earlier.
Yoma said its revenue continues to be impacted by the depreciation of the kyat against the US dollar. The currency weakened by more than 36 per cent for the first six months of FY2025, compared to the same period last year.
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In kyat terms, H2 revenue would have been 39 per cent higher year on year.
Revenue from its land development segment increased by 32.9 per cent to US$61.4 million, mainly due to contribution from sales at the Estella project, which was launched in October 2023.
Revenue from its food and beverage segment rose 16.6 per cent to US$17.7 million, on the back of strong consumer demand, several successful marketing campaigns, a larger operating platform, and additional fees from the YKKO franchise expansion.
The group recorded declines in revenue across all its other segments in H2.
The latest results bring Yoma’s full-year net profit down 49.4 per cent to US$9.3 million, while full-year revenue slipped 7.1 per cent to US$205.2 million.
Yoma said the 7.7-magnitude earthquake that struck central Myanmar on Mar 28 had minimal impact on its operations. It reported that 13 of its restaurants were affected by “temporary disruptions” in the wake of the quake, but nine of these have since reopened.
Yoma added that it does not expect the natural disaster to have any material impact on its FY2026 performance, and estimates direct loss of revenue from business interruptions being less than 1 per cent of its revenue for the financial year ended March 2025.
Direct total costs related to net damage repairs and disaster relief support are also expected to amount to “less than US$1 million”.
At 3 pm, shares of Yoma Strategic were up 1.3 per cent or S$0.001 to S$0.079, after the announcement .
