Despite the 9% decline in currency, Yoma’s core ebitda rose by 50% y-o-y to US$20.5 million.
Yoma Strategic’s property arm, Yoma Land, is the group’s core earnings and cash flow generator, although finance costs are pushing the group into losses, says PhillipCapital’s Paul Chew in an unrated report dated Dec 18.
Yoma, which had announced its 1HFY2026 ended Sept 30 results on Nov 11, reported its highest six-month revenue, resulting in narrower losses of US$8.7 million ($11.2 million), from the US$10.5 million loss in the previous year. About 30% of the finance cost comes from the Yoma Central project, which is not money making. “We expect the debt to be rescheduled in line with the project delivery timeline,” says Chew.
