23 INTEGRATED ANNUAL REPORT 2026 LEADERSHIP MESSAGES | GROUP CEO REVIEW YR Yinson Renewables continues to execute a disciplined strategy anchored in selective market participation, strong development fundamentals and long-term financial resilience. With global investment in clean energy at record highs, and onshore wind and solar continuing to represent the lowest cost source of new power generation, the sector offers significant opportunities. In this environment, our experienced team, rigorous development practices and strong local partnerships enable us to navigate sector complexities, mitigate risks and capture high-quality opportunities. In the near term, we remain focused on delivering our projects under construction on time and on budget and getting our projects in the consented stages ready for construction. These include multiple wind and solar PV projects in New Zealand, Italy and Peru. For our operating assets, we continue to prioritise safe, reliable performance to ensure consistent energy delivery to our clients. From a business development perspective, we remain focused on core markets in Latin America, Asia Pacific and Europe, with further prioritisation of countries that meet our stringent investment criteria – particularly strong regulatory frameworks, bankable PPA structures and robust long-term value potential. Our growth model is underpinned by a strong greenfield development pipeline, complemented by selective mergers and acquisitions to accelerate scale where assets meet our risk and return requirements. Our commercial and financing strategy underpins stable, resilient growth. Projects are structured around long-term PPAs, financed on a non-recourse basis, that provide predictable, contracted revenue streams, complemented selectively by merchant exposure to enhance returns where appropriate. Technologically, we remain focused on utilityscale solar PV and onshore wind, complemented by storage solutions where they enhance system stability or project economics. Across all markets, strong local engagement and environmental stewardship, while ensuring reliable long-term performance of the assets, are at the core of our activities. Strategic focus areas, Yinson Renewables Review, pg 77 YGT In 2025, global momentum for electric mobility continued to accelerate, supported by stronger policy commitments, broader EV model availability and rising demand. Against this backdrop, Yinson GreenTech sharpened its strategic focus to position itself for scalable, long-term growth. Significant investments were also made into digital capabilities that underpin all our service offerings, as we believe that the strength of our digital platform is the real value multiplier. Looking ahead, Yinson GreenTech’s strategy centres on scaling the three businesses that have demonstrated strong product market fit. chargEV spent the last year optimising the quality of its charging network – so even though the number of chargers has decreased slightly, the quantum of energy sold was nearly double compared to the year before. Now having fine-tuned our site and technology selection, we will work on expanding reach, deepening utilisation and delivering a consistently high-performance charging experience. drivEV will scale fleet volume, strengthen availability and continue driving cost efficiency through advanced telematics and data driven fleet optimisation. marinEV will focus on delivering its contracted vessels, strengthening commercial traction and advancing near-term opportunities across high potential vessel categories, supported by a more competitive supply chain. Together, these priorities position Yinson GreenTech to grow responsibly, enhance commercial outcomes and strengthen its role as a leading player in land and marine electrification. Strategic focus areas, Yinson GreenTech Review, pg 82 CLOSING REMARKS As we move into our next phase, we do so with clear focus and strong foundations. The shifts taking place across the global energy system reinforce the value of what we do best: delivering reliable, high-quality energy infrastructure that supports energy access, stability and affordability. With industry-leading project execution and operations capabilities, disciplined financial management and a resilient order book, we are well positioned to navigate market complexity while capitalising on opportunities that align with our strengths. Looking ahead, we will pursue growth that is measured, value-accretive and future-aligned, while ensuring that our businesses contribute positively to the communities and markets we serve. With a highly capable team and a clear strategic pathway, Yinson enters the coming years with confidence and a firm commitment to long-term value creation.
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