Yoma Strategic Holdings posted a net profit of US$23.9 million for the 12 months ended 31 Mar 2026, a 76.3 % year-on-year (YoY) rise from US$13.6 million, powered chiefly by a surge in residential property completions at its Pun Hlaing Estate and StarCity projects.
Earnings per share climbed to 0.28 US cent from 0.20 US cent a year earlier. The board did not recommend a dividend, mirroring the previous year, as it prioritises deleveraging and project funding.
Group revenue expanded 13.7 % YoY to US$233.2 million. The property division remained the largest contributor: • Yoma Land Development revenue advanced 19.9 % to US$137.1 million, underpinned by handovers at the Sandakuu villas (US$58.4 million) and ARA condominium phases 1–2 (US$33.9 million). • Yoma Land Services dipped 7.5 % to US$12.1 million on lower operator fees from Pun Hlaing Golf & Country Club, although leasing and estate-management takings edged higher. • Yoma Motors more than doubled turnover to US$16.1 million, reflecting stronger sales of Volkswagen cars, Ducati motorcycles and Hino trucks. • Leasing revenue was steady at US$4.7 million, with higher operating lease rates offsetting a smaller finance-lease book. • Mobile Financial Services (Wave Money) revenue fell 29.5 % to US$19.6 million as over-the-counter activity eased, partly compensated by higher interest on growing trust-account balances. • Food & Beverage continued to expand, with revenue up 16.7 % to US$38.4 million on new KFC and YKKO outlets and price adjustments.
Core EBITDA grew 10.8 % to US$49.0 million. The group booked net fair-value gains of US$31.2 million on Myanmar investment properties, reflecting firmer residential prices and higher leasing occupancy. Finance costs edged up 2.0 % to US$32.1 million owing to a shift towards higher-cost kyat borrowings, while currency losses on baht-denominated bonds narrowed. Wave Money’s accelerated digital platform build-out led to a US$1.5 million goodwill impairment.
Looking ahead, Yoma plans fresh residential launches and expansion into Myanmar’s regional cities, backed by an unrecognised sales pipeline of US$90.3 million that should support earnings over the next 18–24 months. The group targets a longer-term gearing ratio in the low- to mid-teens and intends to refinance remaining US-dollar debt into Myanmar-kyat facilities within two years. Wave Money will focus on enlarging its digital wallet ecosystem and developing a proprietary credit-scoring engine, while Yoma F&B expects to open six to eight new restaurants. The company is also exploring a larger stake in Mandalay International Airport to bolster recurring income streams.