[SINGAPORE] Yoma Strategic on Tuesday (Nov 11) posted net loss for the first half year ended September of US$8.7 million, which narrowed from US$10.5 million in the same period the prior year.
This was due to higher revenue and stronger core profitability, said the group.
Revenue was up 19.3 per cent year on year at US$113.6 million, from US$95.2 million.
The higher revenue came on the back of strong consumer demand, an expanded operating platform, and additional Yankin Kyay Oh Group of Companies (YKKO) franchise fees driving growth, said Yoma Strategic.
Other factors included lower finance costs from reduced Baht-bond currency translation losses, which were partly offset by higher income tax from higher taxable earnings.
Net gearing remained stable at 18.6 per cent as at Sep 30, compared with 18.7 per cent as at Sep 30, 2024.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Cash balances in H1 FY2026 increased year on year to US$30.9 million from US$19.4 million.
Operating cash flow rose to US$16.9 million in H1, up from US$6.8 million in H1 FY2025. The increase was mainly driven by collections from Yoma Land customers following sales of new and existing projects.
The group’s core businesses include YKKO and Wave Money, which were acquired through business combinations.
SEE ALSO
Wave Money is the first mobile financial services business that offers mobile payment solutions in Myanmar. YKKO is a restaurant chain with an over 30-year-history and a network of more than 37 outlets in Myanmar and Thailand as at Mar 31.
Shares of Yoma Strategic closed 2.4 per cent or US$0.002 higher at US$0.086 on Monday.
