82 YINSON HOLDINGS BERHAD Building on this, we secured bareboat charters with Yacht International UAE for two Hydromover 2.0 vessels, representing marinEV’s first international deployment – with deliveries scheduled for 2026. We also strengthened our position in Singapore through targeted ecosystem partnerships. A tripartite MoU was signed with Wilhelmsen Port Services and RW Marine Services to accelerate the adoption of electric service vessels and the rollout of MDP. In parallel, we launched an electric vessel charging station with Wilhelmsen Ships Service, supporting the development of enabling infrastructure. On the digital front, we entered into an MoU with Maritime and Port Authority of Singapore to contribute to the country’s Maritime Digital Twin (MDT). This includes sharing operational insights and co-developing digital workflows to support port decarbonisation. Another key milestone was the launch of Singapore’s first electric decarbonisation hub in partnership with Toll Group. This 12-month proof of concept integrates electric vessels, smart warehousing and digitally coordinated logistics, demonstrating a scalable model for low-carbon port operations. Operationally, we achieved ISO 9001, ISO 14001 and ISO 45001 certifications, and secured Bureau Veritas certification for our emissions calculation methodology. These milestones reinforce our commitment to safety, quality and transparent environmental reporting. Our operational fleet continues to perform reliably, supporting both commercial deployments and serving as live platforms for continuous testing and optimisation of vessel performance and digital capabilities. Strategic goals • Be a significant standalone business within Yinson. • Provide electrification solutions for land and sea for the transportation industry that are digitallyenabled. • Be the go-to brand for transport electrification solutions that elevate operational efficiency and sustainability. • Unlock value by working with like-minded partners and attracting investment capital. Strategies • Focus on growing our three core business areas to ensure consistent and robust returns. • Enhance our suite of electrification solutions to allow expansion into new customer segments and geographies. • Continually enhance our digital solutions to keep our competitive edge and to be a core differentiator in the industry. • Secure robust strategic and financial partnerships by offering a compelling value proposition and proven business model. Purpose To power the shift to electric mobility on land and sea by delivering smart, digital technologies that elevate operational efficiency and sustainability. STRATEGIC FOCUS AREAS Our strategy prioritises building a financially resilient, operationally strong organisation that has a clear focus on areas where we have demonstrated capability, proven traction and the strongest potential to scale. Financial discipline remains central. We will continue managing costs, ensuring spending is purposeful, directing investments to the highest value opportunities, and driving efficiencies across the Group. CAPEX decisions will continue to be guided by clear return on investment criteria, while the ongoing simplification of structures and processes will help create a more agile and focused organisation. Our next priority is to continue scaling the three businesses that have demonstrated strong product‑market fit and the clearest pathways to profitability, underpinned by robust digital platforms and technological innovation, which remain the foundation of our future scalability and performance. We recognise that sustainable performance is only possible with a highly engaged, values-aligned and agile organisation. Strengthening our culture remains a priority, supported by initiatives such as hands-on Core Values workshops, regular pulse surveys, town halls and leadership engagement sessions. At the same time, we are investing in upskilling – deepening technical, digital and leadership capabilities through structured development programmes to prepare our people for a more technology-enabled and rapidly evolving operating environment. BUSINESS REVIEWS Scan to watch a video on the Hydromover 2.0.
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