๐ฌ๐ผ๐บ๐ฎ’๐ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฑ ๐ถ๐๐ ๐ฆ๐๐ฟ๐ผ๐ป๐ด๐ฒ๐๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ ๐ฌ๐ฒ๐ ๐๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐ ๐๐น๐๐ถ๐ฝ๐น๐ฒ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐!
Dear all
๐๐ช๐ด๐ค๐ช๐ฑ๐ญ๐ช๐ฏ๐ฆ๐ฅ ๐ฆ๐น๐ฆ๐ค๐ถ๐ต๐ช๐ฐ๐ฏ ๐ข๐ค๐ณ๐ฐ๐ด๐ด ๐ฎ๐ถ๐ญ๐ต๐ช๐ฑ๐ญ๐ฆ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐ด๐ฆ๐จ๐ฎ๐ฆ๐ฏ๐ต๐ด ๐ช๐ด ๐ต๐ณ๐ข๐ฏ๐ด๐ญ๐ข๐ต๐ช๐ฏ๐จ ๐ช๐ฏ๐ต๐ฐ ๐ด๐ต๐ณ๐ฐ๐ฏ๐จ๐ฆ๐ณ ๐ฆ๐ข๐ณ๐ฏ๐ช๐ฏ๐จ๐ด, ๐ค๐ข๐ด๐ฉ ๐ง๐ญ๐ฐ๐ธ ๐ข๐ฏ๐ฅ ๐จ๐ณ๐ฐ๐ธ๐ต๐ฉ ๐ท๐ช๐ด๐ช๐ฃ๐ช๐ญ๐ช๐ต๐บ.
Yoma released a ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐๐ฒ๐ of results on 29 May, strongest since IPO (2006)
๐ฅ ๐ฑ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
๐ ๐ญ. ๐ฆ๐๐ฟ๐ผ๐ป๐ด๐ฒ๐๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ ๐๐ถ๐ป๐ฐ๐ฒ ๐๐ฃ๐ข (๐ฎ๐ฌ๐ฌ๐ฒ)
โข FY2026 revenue rose 13.7% to US$233.2m
โข Core EBITDA increased 10.9% to US$49.0m
โข Net profit surged 75.7% to US$23.9m
๐ ๐ฎ. ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ๐ ๐๐ผ ๐ด๐ฎ๐ถ๐ป ๐บ๐ผ๐บ๐ฒ๐ป๐๐๐บ
โข Yoma Land revenue grew 17.1%
โข Net profit increased 23.7%
โข Unrecognised revenue backlog stands at US$90.3m, providing earnings visibility over the next 18-24 months
๐ ๐ฏ. ๐&๐ ๐๐ฒ๐ด๐บ๐ฒ๐ป๐ ๐ฎ๐ฐ๐ต๐ถ๐ฒ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐๐ฎ๐น๐ฒ๐
โข Revenue reached a record US$38.4m
โข Same-store sales growth of 20%
โข Net profit climbed 50% as KFC and YKKO strengthened their market positions
๐ณ ๐ฐ. ๐ช๐ฎ๐๐ฒ ๐ ๐ผ๐ป๐ฒ๐ ๐ฟ๐ฒ๐บ๐ฎ๐ถ๐ป๐ ๐ฎ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ฑ๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ
โข 7.2m unique users
โข Transaction volume increased 48% YoY
โข Digital transactions now dominate platform activity, supporting future monetisation opportunities
๐ ๐ฑ. ๐ ๐ผ๐๐ผ๐ฟ๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐๐๐ฎ๐ด๐ฒ๐ฑ ๐ฎ ๐๐๐ฟ๐ผ๐ป๐ด ๐๐๐ฟ๐ป๐ฎ๐ฟ๐ผ๐๐ป๐ฑ
โข Revenue more than doubled (+109%)
โข Passenger vehicle sales grew nearly 9x
โข Returned to profitability on stronger operating performance
๐ก ๐๐ฟ๐ป๐ฒ๐๐’๐ ๐ฉ๐ถ๐ฒ๐
๐ช ๐ญ. ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐ฅ๐ฒ๐๐๐น๐๐ ๐๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐ฆ๐ถ๐ด๐ป๐ถ๐ณ๐ถ๐ฐ๐ฎ๐ป๐ ๐๐ฒ๐ฎ๐ฑ๐๐ถ๐ป๐ฑ๐
โข FY2026 was far from an easy year, beginning with the Mandalay earthquake and ending amid heightened geopolitical tensions.
โข Yet, Yoma delivered its strongest earnings performance since IPO.
โข A testament to the strength of its diversified business portfolio and disciplined execution.
๐ ๐ฎ. ๐๐ป ๐๐บ๐ฒ๐ฟ๐ด๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ๐ ๐ฆ๐๐ผ๐ฟ๐?
โข I shared Yoma with clients on 21 May and again on 29 May.
โข Improving earnings momentum could place the stock back on investors’ radar screens, particularly given its relatively low ownership profile.
โข Technically, a decisive move above S$0.083 with volume expansion would be very positive. Yoma closed at S$0.082 last Friday.
Chart 1: A sustained breach above S$0.083 with volume expansion would be a strong positive
As always, caveat emptor. ๐
P.S: I am vested in Yoma.
Please refer to the disclaimerย HERE