DailySpaceYTL Corporation Berhad
4677 · Main Market主板（Main Market） · annual reports 2023 to 2025, 4580 entries read2023 至 2025 年报，共读出 4580 条
The company这家公司
YTL Corporation Berhad focuses on utilities and on businesses tied to its core competencies of cement, construction, property development and hotel operations. It was listed on the Kuala Lumpur Stock Exchange under the construction sector in 1985 and obtained a secondary listing on the Tokyo Stock Exchange in 1996.YTL Corporation Berhad 专注于公用事业，以及与其水泥、建筑、产业发展和酒店营运核心能力相关的业务。公司于 1985 年在吉隆坡证券交易所建筑板块上市，并于 1996 年在东京证券交易所获得第二上市。
Source: annual report 2024, page 119; annual report 2025, pages 6, 22.出处：2024 年年报第 119 页；2025 年年报第 6、22 页。
In 2025, the group recorded revenue of RM30,796.9 million. The utilities segment contributed RM20,088.6 million, the cement and building materials industry segment RM6,157.6 million, hotel operations RM1,643.6 million, management services and others RM1,599.0 million, construction RM712.6 million, and property investment and development RM595.5 million. By country, Singapore contributed 45% of revenue, Malaysia 27%, the United Kingdom 20%, and other countries 8%.2025 年，集团录得营业额 RM30,796.9 million。公用事业部门贡献 RM20,088.6 million，水泥与建材工业部门 RM6,157.6 million，酒店营运 RM1,643.6 million，管理服务及其他 RM1,599.0 million，建筑部门 RM712.6 million，产业投资与发展 RM595.5 million。按国家划分，新加坡占营业额 45%，马来西亚占 27%，英国占 20%，其他国家占 8%。
Source: annual report 2025, pages 20, 26.出处：2025 年年报第 20、26 页。
Listed subsidiaries on Bursa Malaysia include YTL Power International Berhad, Malayan Cement Berhad, YTL Hospitality REIT, and Ranhill Utilities Berhad. In the power generation division, sales to Energy Market Company accounted for RM5,079.1 million in 2025 and RM7,064.7 million in 2024.在马来西亚交易所上市的子公司包括 YTL Power International Berhad、Malayan Cement Berhad、YTL Hospitality REIT 及 Ranhill Utilities Berhad。在发电业务中，对 Energy Market Company 的销售额在 2025 年为 RM5,079.1 million，2024 年为 RM7,064.7 million。
Source: annual report 2024, pages 11, 274; annual report 2025, page 296.出处：2024 年年报第 11、274 页；2025 年年报第 296 页。
Yeoh Tiong Lay & Sons Holdings Sdn Bhd held 5,336,641,099 shares, representing 46.49% of ordinary shares in 2025, 48.45% in 2024, and 48.67% in 2023. Yeoh Tiong Lay & Sons Family Holdings Limited, incorporated in Jersey, is regarded as the ultimate holding company. Citigroup Nominees (Tempatan) Sdn Bhd – Employees Provident Fund Board held 940,534,692 shares or 8.19% in 2025.Yeoh Tiong Lay & Sons Holdings Sdn Bhd 持有 5,336,641,099 股，在 2025 年占普通股 46.49%，2024 年占 48.45%，2023 年占 48.67%。在泽西岛注册成立的 Yeoh Tiong Lay & Sons Family Holdings Limited 被视为最终控股公司。Citigroup Nominees (Tempatan) Sdn Bhd – Employees Provident Fund Board 于 2025 年持有 940,534,692 股或 8.19%。
Source: annual report 2023, page 77; annual report 2024, page 79; annual report 2025, pages 95, 113.出处：2023 年年报第 77 页；2024 年年报第 79 页；2025 年年报第 95、113 页。
Tan Sri (Sir) Francis Yeoh Sock Ping, Dato’ Yeoh Seok Kian, Dato’ Yeoh Soo Min, Dato’ Seri Yeoh Seok Hong, Dato’ Sri Michael Yeoh Sock Siong, Dato’ Yeoh Soo Keng and Dato’ Mark Yeoh Seok Kah are siblings. They are the children of Puan Sri Datin Seri Tan Kai Yong @ Tan Kay Neong, who is a deemed major shareholder.Tan Sri (Sir) Francis Yeoh Sock Ping、Dato’ Yeoh Seok Kian、Dato’ Yeoh Soo Min、Dato’ Seri Yeoh Seok Hong、Dato’ Sri Michael Yeoh Sock Siong、Dato’ Yeoh Soo Keng 与 Dato’ Mark Yeoh Seok Kah 是兄弟姐妹。他们是视为主要股东的 Puan Sri Datin Seri Tan Kai Yong @ Tan Kay Neong 的子女。
Source: annual report 2023, page 51; annual report 2025, page 69.出处：2023 年年报第 51 页；2025 年年报第 69 页。
Dato’ Cheong Keap Tai resigned from the board on 30 May 2023, and Choo Yoo Kwan @ Choo Yee Kwan was appointed on 18 May 2023. Faiz Bin Ishak and Dato’ Ahmad Fuaad Bin Mohd Dahalan resigned with effect from 30 November 2023. Tang Kin Kheong was appointed on 11 October 2023, and Sharifatu Laila Binti Syed Ali was appointed on 22 February 2024.Dato’ Cheong Keap Tai 于 2023 年 5 月 30 日辞任董事会，Choo Yoo Kwan @ Choo Yee Kwan 于 2023 年 5 月 18 日获委任。Faiz Bin Ishak 与 Dato’ Ahmad Fuaad Bin Mohd Dahalan 自 2023 年 11 月 30 日起辞任。Tang Kin Kheong 于 2023 年 10 月 11 日获委任，Sharifatu Laila Binti Syed Ali 于 2024 年 2 月 22 日获委任。
Source: annual report 2023, page 51; annual report 2024, page 59.出处：2023 年年报第 51 页；2024 年年报第 59 页。
Revenue by country, 20252025 年按国家划分的营业额占比
Source: annual report 2025, page 20.出处：2025 年年报第 20 页。
Major events大事记
Source: annual report 2023, page 36.出处：2023 年年报第 36 页。
Source: annual report 2023, page 9.出处：2023 年年报第 9 页。
Source: annual report 2024, page 20.出处：2024 年年报第 20 页。
Source: annual report 2024, page 20.出处：2024 年年报第 20 页。
Source: annual report 2024, page 21; annual report 2025, page 18.出处：2024 年年报第 21 页；2025 年年报第 18 页。
Source: annual report 2025, pages 16, 30.出处：2025 年年报第 16、30 页。
Source: annual report 2025, pages 15, 50.出处：2025 年年报第 15、50 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20232023 年
Net cash flow from operating activities was RM4,670.9 million. Capital expenditure included RM2,078.7 million for purchase of property, plant and equipment, RM67.0 million for purchase of intangible assets, and RM4.6 million for purchase of investment properties. Purchase of investments took RM266.6 million. Proceeds from borrowings were RM5,539.8 million and proceeds from bonds were RM3,099.0 million, while repayment of borrowings was RM4,853.3 million, repayment of bonds was RM2,280.0 million, and repayment of lease liabilities was RM297.6 million. Dividends paid were RM328.9 million to owners of the parent and RM387.3 million to non-controlling interests.营运活动所得现金净额为 RM4,670.9 million。资本支出包括购置物业、厂房及设备 RM2,078.7 million、购置无形资产 RM67.0 million 以及购置投资产业 RM4.6 million。购买投资支出 RM266.6 million。借款所得为 RM5,539.8 million，发行债券所得为 RM3,099.0 million；偿还借款为 RM4,853.3 million，偿还债券为 RM2,280.0 million，偿还租赁负债为 RM297.6 million。向母公司股东支付股息 RM328.9 million，向非控股权益支付股息 RM387.3 million。
Source: annual report 2023, pages 112, 113.出处：2023 年年报第 112、113 页。
20242024 年
Net cash flow from operating activities was RM6,372.9 million. Cash used for purchase of property, plant and equipment was RM3,699.7 million, purchase of investments was RM1,514.4 million, and acquisition of new subsidiaries net of cash acquired was RM548.1 million. Proceeds from borrowings were RM6,495.7 million and proceeds from bonds were RM2,501.1 million. Repayment of borrowings was RM9,386.1 million, repayment of bonds was RM1,144.6 million, and repayment of lease liabilities was RM260.6 million. Dividends paid were RM438.6 million to owners of the parent and RM508.7 million to non-controlling interests.营运活动所得现金净额为 RM6,372.9 million。用于购置物业、厂房及设备的现金为 RM3,699.7 million，购买投资为 RM1,514.4 million，收购新子公司（扣除取得的现金）为 RM548.1 million。借款所得为 RM6,495.7 million，发行债券所得为 RM2,501.1 million。偿还借款为 RM9,386.1 million，偿还债券为 RM1,144.6 million，偿还租赁负债为 RM260.6 million。向母公司股东支付股息 RM438.6 million，向非控股权益支付股息 RM508.7 million。
Source: annual report 2024, pages 116, 117.出处：2024 年年报第 116、117 页。
20252025 年
Net cash flows from operating activities were RM6,126.9 million. Cash spent on purchase of property, plant and equipment was RM6,455.8 million, purchase of investments was RM1,510.8 million, acquisition of new subsidiaries net of cash acquired was RM519.2 million, and purchase of investment properties was RM504.9 million. Proceeds from bonds and borrowings were RM12,188.6 million, while repayment of bonds and borrowings was RM5,870.9 million and repayment of lease liabilities was RM315.8 million. Proceeds from the issue of shares were RM350.4 million, and proceeds from the issue of shares in subsidiaries to non-controlling interests were RM608.3 million. Dividends paid were RM496.8 million to owners of the parent and RM428.0 million to non-controlling interests.营运活动所得现金净额为 RM6,126.9 million。购置物业、厂房及设备支出现金 RM6,455.8 million，购买投资为 RM1,510.8 million，收购新子公司（扣除取得的现金）为 RM519.2 million，购置投资产业为 RM504.9 million。来自债券与借款的所得为 RM12,188.6 million，偿还债券与借款为 RM5,870.9 million，偿还租赁负债为 RM315.8 million。发行股份所得为 RM350.4 million，子公司向非控股权益发行股份所得为 RM608.3 million。向母公司股东支付股息 RM496.8 million，向非控股权益支付股息 RM428.0 million。
Source: annual report 2025, pages 130, 131.出处：2025 年年报第 130、131 页。
Across the three years三年合看
Net cash flows from operating activities were RM4,670.9 million in 2023, RM6,372.9 million in 2024, and RM6,126.9 million in 2025. Purchase of property, plant and equipment rose from RM2,078.7 million in 2023 to RM3,699.7 million in 2024 and RM6,455.8 million in 2025. Dividends paid to owners of the parent were RM328.9 million in 2023, RM438.6 million in 2024, and RM496.8 million in 2025. An interim dividend was declared in each report: 4.0 sen per share (paid November 2023), 4.5 sen (paid November 2024) and 5.0 sen (paid October 2025).营运活动所得现金净额在 2023 年为 RM4,670.9 million，2024 年为 RM6,372.9 million，2025 年为 RM6,126.9 million。购置物业、厂房及设备由 2023 年的 RM2,078.7 million 上升至 2024 年的 RM3,699.7 million 及 2025 年的 RM6,455.8 million。向母公司股东支付的股息在 2023 年为 RM328.9 million，2024 年为 RM438.6 million，2025 年为 RM496.8 million。各年报均宣派中期股息：每股 4.0 仙（2023 年 11 月派发）、4.5 仙（2024 年 11 月派发）及 5.0 仙（2025 年 10 月派发）。
Source: annual report 2023, pages 8, 112, 113; annual report 2024, pages 8, 116, 117; annual report 2025, pages 18, 130, 131.出处：2023 年年报第 8、112、113 页；2024 年年报第 8、116、117 页；2025 年年报第 18、130、131 页。
Still to be spent尚未支出的承诺
Capital commitments contracted but not provided for were RM1,733.4 million in 2023, RM6,069.1 million in 2024, and RM7,822.3 million in 2025; the 2025 report says these mainly comprise purchase of spare parts and property, plant and equipment. Capital commitments in relation to additional investments were RM67.2 million in 2023, RM20.9 million in 2024, and RM13.0 million in 2025.已签约但未拨备的资本承诺在 2023 年为 RM1,733.4 million，2024 年为 RM6,069.1 million，2025 年为 RM7,822.3 million；2025 年报表示这些承诺主要包括购置备件以及物业、厂房及设备。与额外投资相关的资本承诺在 2023 年为 RM67.2 million，2024 年为 RM20.9 million，2025 年为 RM13.0 million。
Source: annual report 2023, page 264; annual report 2024, page 269; annual report 2025, page 291.出处：2023 年年报第 264 页；2024 年年报第 269 页；2025 年年报第 291 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 24,241,503 | 29,616,085 | 30,490,671 | 30,796,895 |
| Profit before taxation税前盈利 | 1,818,355 | 2,729,113 | 4,832,969 | 4,739,960 |
| Profit for the year年度盈利 | 1,449,352 | 2,122,344 | 3,884,731 | 3,578,641 |
| Net cash flow from operating activities营运活动所得现金净额 | 1,544,156 | 4,670,947 | 6,372,925 | 6,126,874 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | (1,906,348) | (2,078,728) | (3,699,722) | (6,455,760) |
| Dividends paid已付股息 | (274,102) | (328,923) | (438,575) | (496,821) |
| Total assets总资产 | 72,984,574 | 81,460,369 | 88,790,634 | 97,918,086 |
| Borrowings借款 | 22,043,244 | 21,541,069 | 16,950,951 | 15,819,446 |
| Cash and cash equivalents in the statements of financial position财务状况表中的现金及现金等价物 | 11,398,557 | 14,425,653 | 14,259,201 | 17,939,576 |
| Total equity总权益 | 17,793,534 | 20,113,233 | 24,160,086 | 26,698,575 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| A 3-storey ramp-up warehouse in Bukit Raja, Klang, for ALP BR (Malaysia) Sdn Bhd, scheduled for completion in mid-2024位于巴生武吉拉惹（Bukit Raja）为 ALP BR (Malaysia) Sdn Bhd 兴建的 3 层坡道式货仓，预定于 2024 年年中完工 | The 2024 report stated that work progressed on schedule on the 3-storey ramp-up warehouse in Bukit Raja, Klang.2024 年报表示，位于巴生武吉拉惹的 3 层坡道式货仓工程按进度推进。 Source: annual report 2023, page 27; annual report 2024, page 26.出处：2023 年年报第 27 页；2024 年年报第 26 页。 | Still in progress仍在进行中 |
| Phase 1 of the YTL Green Data Center Park in Kulai, Johor scheduled for completion in the first quarter of the 2024 calendar year位于柔佛古来的杨忠礼绿色数据中心园区第一期预定于 2024 历年第一季度完工 | The first phases became operational from mid-2024 onwards, and two of four phases were completed by 2025.首批阶段自 2024 年年中起投入运作，截至 2025 年四个阶段中已完成两个。 Source: annual report 2023, page 36; annual report 2025, pages 15, 40.出处：2023 年年报第 36 页；2025 年年报第 15、40 页。 | Operational from mid-2024; completion date not given2024 年年中起投入运作；未披露完工日期 |
| Construction of Tulips in Puchong, comprising 98 units of 2-storey link houses, expected to be completed in the fourth quarter of 2023蒲种 Tulips 项目兴建 98 间双层排屋，预计于 2023 年第四季度完工 | Construction was completed in October 2023 and all 98 units were handed over to homebuyers.工程于 2023 年 10 月完工，全部 98 间排屋均已移交给购屋者。 Source: annual report 2023, page 29; annual report 2024, page 28.出处：2023 年年报第 29 页；2024 年年报第 28 页。 | Carried out已执行 |
| The digital bank expected to commence operations in the fourth quarter of the 2024 calendar year数字银行预计于 2024 历年第四季度投入运作 | The digital banking licence was issued with effect from 20 December 2024, and Ryt Bank was launched on 26 August 2025.数字银行牌照自 2024 年 12 月 20 日起生效，Ryt Bank 于 2025 年 8 月 26 日正式推介。 Source: annual report 2024, page 36; annual report 2025, page 50.出处：2024 年年报第 36 页；2025 年年报第 50 页。 | Completed later than said完成时间迟于预期 |
| Guestroom refurbishments of the AC Hotels in Kuala Lumpur, Kuantan and Penang expected to be completed by year end吉隆坡、关丹及槟城的 AC 酒店客房翻新工程预计于年底完工 | Renovation works on the AC Hotels in Penang, Kuantan and Kuala Lumpur were completed in June 2024.槟城、关丹及吉隆坡的 AC 酒店翻新工程于 2024 年 6 月完工。 Source: annual report 2023, page 32; annual report 2024, page 26.出处：2023 年年报第 32 页；2024 年年报第 26 页。 | Completed June 20242024 年 6 月完成 |
| The remainder of 302 residential units at Brabazon The Hangar District set to complete in stages up to the third quarter of 2024布里斯托 Brabazon The Hangar District 302 个住宅单位的剩余部分预定分阶段于 2024 年第三季度前完工 | The 2025 report confirmed that the first phase of 302 residential units was delivered.2025 年报确认，首期 302 个住宅单位已完成交付。 Source: annual report 2023, page 29; annual report 2025, page 42.出处：2023 年年报第 29 页；2025 年年报第 42 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Construction of the 600 MW hydrogen-ready combined cycle gas turbine unit in Singapore, targeted for completion by 31 December 2027位于新加坡的 600 兆瓦氢就绪燃气轮机机组建设，目标于 2027 年 12 月 31 日前完工
Source: annual report 2025, page 19.出处：2025 年年报第 19 页。
- The outcome of Wessex Water's appeal to the UK Competition and Markets Authority regarding the 2025-2030 price reviewWessex Water 就 2025–2030 年价格审查向英国竞争与市场管理局提出上诉的结果
Source: annual report 2025, page 54.出处：2025 年年报第 54 页。
- Construction of Brabazon train station due to open in September 2026预定于 2026 年 9 月启用的 Brabazon 火车站工程
Source: annual report 2025, page 43.出处：2025 年年报第 43 页。
- Capital commitments contracted but not provided for standing at RM7,822.3 million at 30 June 2025, mainly for spare parts and property, plant and equipment截至 2025 年 6 月 30 日已签约但未拨备的资本承诺达 RM7,822.3 million，主要用于备件以及物业、厂房及设备
Source: annual report 2025, page 291.出处：2025 年年报第 291 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-02.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-11-02。