Revenue across Yoma’s businesses fell on a y-o-y basis in USD terms.
Yoma Strategic has reported a deeper net loss of US$12.5 million ($16.7 million) for the 1HFY2025 ended Sept 30, compared to the net loss of US$1.3 million in the same period the year before. The group’s loss before tax of US$10.3 million, from a profit before tax of US$2.1 million in the 1HFY2024 was mainly due to US$7.3 million of currency translation losses on Thai baht (THB) and US dollar (USD) borrowings.
During the period, total revenue fell by 14.7% y-o-y to US$95.2 million due to the depreciation of the Myanmar kyat (MMK), which fell by over 55% y-o-y. In MMK terms, revenue rose by over 35% y-o-y.
