Yoma Strategic Holdings Ltd. reported a net loss after taxation of US$8.7 million for the six months ended 30 September 2025, narrowing from a US$10.5 million loss a year earlier as higher contributions from its property, food-and-beverage and motors businesses offset softer results in mobile financial services and leasing.

The Myanmar-focused conglomerate posted revenue of US$113.6 million, up 19.3 percent year-on-year, while core EBITDA climbed 49.8 percent to US$20.5 million, lifting the margin to 18.1 percent from 14.4 percent. No interim dividend was declared or discussed in the announcement.

Property arm Yoma Land Development remained the largest contributor, with revenue rising 29.4 percent to US$68.5 million on strong sales at the Sandakuu and ARA projects and land-plot transactions at Pun Hlaing Estate. The segment’s profit before tax almost doubled to US$17.5 million, aided by a favourable shift in project mix and lower finance costs.

Yoma F&B’s turnover advanced 18.5 percent to US$18.1 million as an expanded network of 79 KFC and YKKO outlets and multiple price increases supported same-store sales growth. The unit generated US$0.8 million in pre-tax profit, up 57.1 percent YoY. Yoma Motors’ revenue surged 122.7 percent to US$7.1 million, swinging to a US$0.8 million pre-tax profit, helped by resumed truck and passenger-vehicle sales following inventory restocking.

Mobile Financial Services, which operates Wave Money, saw revenue fall 32.0 percent to US$10.4 million amid earthquake-related disruptions and higher digital channel usage that attracts lower commissions. Nevertheless, transaction volumes grew 41.7 percent, and interest income on larger trust balances lifted core EBITDA 6.8 percent to US$1.7 million. The unit booked a pre-tax loss of US$0.4 million after increased depreciation from technology investments.

Leasing revenue slipped 8.2 percent to US$2.3 million as import restrictions curbed fleet expansion, driving the segment to a US$0.9 million pre-tax loss. Yoma Land Services posted 31.5 percent top-line growth to US$4.8 million, but its pre-tax profit eased to US$0.2 million because last year’s result included one-off joint-venture gains.

Group operating cash flow improved to US$16.9 million from US$6.8 million, while net gearing remained steady at 18.6 percent. Cash balances increased to US$30.9 million, and management reiterated its commitment to reducing leverage over the medium term.

Looking ahead, the company highlighted US$93.0 million in unrecognised property revenue to be booked over the next 18–24 months, continued expansion of its F&B footprint in Myanmar and Thailand, and further digitalisation at Wave Money to capture rising mobile-wallet usage despite infrastructure bottlenecks.