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Yoma’s comeback

Khairani Afifi Noordin
Khairani Afifi Noordin • 14 min read
Yoma’s comeback
For FY2026, Yoma’s operating cash flow more than doubled to US$48 million, driven primarily by stronger collections from property sales and working capital improvements. Photo: Albert Chua/The Edge Singapore
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Defying odds, Myanmar-based conglomerate posts its strongest overall performance in the company’s history amid a challenging operational landscape, but are investors convinced?

Myanmar has not been an easy market to operate in. Downside risks include persistent security challenges, macroeconomic instability, and natural disasters such as the devastating earthquake that struck the country’s north in March 2025. Against this backdrop, Singapore Exchange-listed Yoma Strategic Holdings, which has diversified interests across property, finance, consumer and vehicle distribution, has remained resilient and continued to thrive.

For its FY2026 ended March 31, net profit rose 75.7% y-o-y to US$23.9 million ($30.7 million) while revenue grew 13.7% to a record US$233.2 million. Yoma Land and Yoma F&B both posted record revenues, while Yoma Motors more than doubled its top line. Its CFO, JR Ching, describes the set of results as the “strongest overall financial performance” as the company celebrates its 20th year on the Singapore bourse.

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