Myanmar-based, Singapore-listed conglomerate Yoma Strategic Holdingshas reported FY2025 earnings of US$9.3 million, down by 49.4% versus the preceding year's US$18.4 million.
In the most recent 2HFY2025 ended March, earnings reached US$18.3 million, down by 12.4% y-o-y, as the depreciation of the Myanmese currency kyat versus USD, the reporting currency, eased, while operating performance was held steady.
Full year revenue was US$205.2 million, down 7.1% y-o-y versus US$220.8 million recorded in FY2024.
Second half revenue was up 0.7% to US$110 million but in local currency terms, was up 39.3%, thanks to steady business momentum.
According to Yoma, its property business enjoyed 83.9% y-o-y growth when booked in kyat, thanks to progress at its flagship project StarCity.
As at March 31, there's some US$92.5 million in unrecognised property revenue to be booked over the next 18 to 24 months.
See also: Metro Holdings' FY2025 $224.7 million in the red from impairment in China
Its F&B business, meanwhile was up 58.5% in kyat with support from strong consumer demand and price increases.
Yoma Strategic shares closed at 7.8 cents on May 20, down 1.27% for the day and down 2.5% year to date.
