28 YINSON HOLDINGS BERHAD LEADERSHIP MESSAGES FPSO Operations represents Yinson Production’s operating activities, comprising the leasing of vessels and marinerelated services. These are areas in which the Group has extensive experience and a strong track record. The Group has eight operating FPSOs and one operating FSO on lease as at 31 January 2026. Enterprise Reporting was adopted by Yinson Production in Q4 FY2025 to enhance transparency regarding their underlying performance and cash flow generation of their operational assets. The results, financial position and cash flows reported under Enterprise Reporting are included within the notes to their audited financial statements. A more detailed explanation of the Enterprise Reporting methodology, as well as Yinson Production’s financial performance under this methodology, are also disclosed in their audited financial statements. The Group’s EBITDA decreased by 12% to RM2.8 billion in FY2026, reflecting the same drivers as the Group’s revenue, higher administrative expenses as the Group transitioned from a CAPEX-intensive EPCIC phase to an operational phase and impairment losses recognised for the Renewables and Green Technologies segments. The decline also reflects the absence of one-off gains recognised in Q4 FY2025, including the gain on disposal of Yinson Boronia Consortium Pte Ltd (“YBC”) from a subsidiary to a joint venture and gains from the disposal of subsidiaries. Total IFRS EBITDA (RM million) FPSO Operations (RM million) EPCIC (RM million) FY2025 3,234 FY2026 2,847 FY2024 2,993 FY2023 1,782 FY2022 1,402 FY2026 2,117 FY2025 2,842 FY2024 2,057 1,153 FY2023 1,032 FY2022 FY2026 998 FY2025 307 FY2024 1,015 FY2023 793 FY2022 410 Adjusted Enterprise Reporting EBITDA (RM million) 1,354 FY2024 1,909 FY2025 2,810 FY2026 108% growth over 2 years Enterprise Reporting EBITDA EBITDA
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