# YTL Group: Utilities, Construction and Digital Infrastructure

> A profile of Malaysia's YTL group — YTL Corporation's diversified holdings in power, cement, construction and hospitality, and the utilities and AI data-centre push led by listed subsidiary YTL Power International.

- Category: companies
- Language: en
- Status: published
- Updated: 2026-07-28
- Canonical: https://negaraku.md/en/companies/ytl-group

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YTL is one of Malaysia's largest diversified groups, best understood not as a single company but as a family of listed and unlisted businesses built around infrastructure.

## What is YTL Group?

YTL Corporation Berhad is the main holding company, listed on the Main Market of Bursa Malaysia under stock code 4677. It describes itself as an integrated infrastructure developer, and its operations reach across utilities, cement and building materials, construction, property, and hotels.

For the financial year ended 30 June 2024, YTL Corporation reported revenue of RM30.53 billion, up about 3% from RM29.62 billion a year earlier. Net profit rose to RM2.14 billion, and the group declared a 4.5 sen dividend.

## How is the group structured?

The value is spread across several vehicles rather than concentrated in one. Two of the most important — YTL Power International and Malayan Cement — are separately listed, giving the market a direct read on the utilities and cement arms.

| Entity | Bursa code | Role in the group | Notes |
|---|---|---|---|
| YTL Corporation Berhad | 4677 | Holding company | Revenue RM30.53bn, net profit RM2.14bn (FY2024) |
| YTL Power International | 6742 | Utilities and digital infrastructure | FTSE Bursa Malaysia KLCI component |
| Malayan Cement | — | Cement and building materials | Majority-owned indirect subsidiary (via YTL Cement); FY2024 revenue RM4.45bn, net profit RM428.7m |

Malayan Cement carries the group's cement and building-materials business and is a majority-owned indirect subsidiary held through YTL Cement. It reported FY2024 revenue of RM4.45 billion, up 18.3%, and net profit of RM428.7 million — a jump of about 170% from RM159.04 million a year earlier, in a strong recovery year driven by infrastructure megaprojects such as the East Coast Rail Link.

## Where do the utilities sit?

Most of the regulated-utility earnings run through YTL Power International, which YTL Corporation controls as majority shareholder. YTL Power is a component of the FTSE Bursa Malaysia KLCI and reported market capitalisation of RM35.99 billion (about USD8.78 billion) as of 30 June 2026.

Its portfolio spans power generation, water and sewerage, telecommunications, data centres, digital banking and property. Anchor assets include Wessex Water, a UK water utility, and PowerSeraya in Singapore, which the company says generates roughly 20% of that country's electricity demand. YTL Power also runs water operations in Malaysia and holds telecommunications interests, including the YES / Yes 5G mobile business.

## Why does the AI data-centre push matter?

The most watched recent development is YTL Power's move into AI infrastructure. The company is developing a large data-centre park in Kulai, Johor, on a site the company describes as powered by up to 500MW of on-site renewable energy (solar).

At the end of October 2025, YTL Power announced that its first Nvidia-powered AI data centre in Johor was operational, running Nvidia's liquid-cooled GB200 (Grace Blackwell) GPUs, alongside the launch of its YTL AI Cloud aimed at hosting government and citizen-facing AI services. Reporting on the park has cited a build-out target of up to 600MW of data-centre capacity. The push aligns with national priorities: in Budget 2026, the government announced a cross-ministry allocation of nearly RM5.9 billion to strengthen Malaysia's AI sector.

This turns a traditional utilities-and-cement conglomerate into one of the region's more visible bets on data-centre demand — leveraging YTL Power's existing strengths in land, power generation and grid access.

## What's next

Watch three threads. First, whether the Johor data-centre park scales from its first operational phase toward its full build-out target without straining balance sheets or power supply. Second, how the older utilities — Wessex Water in a tightly regulated UK market and PowerSeraya in Singapore's competitive pool — perform as rate reviews and energy prices shift. Third, how the separately listed structure evolves, since YTL Power and Malayan Cement give investors distinct ways to hold pieces of the group. As always with fast-moving figures, confirm the latest revenue, profit, ownership and capacity numbers against YTL's own filings and Bursa Malaysia announcements before relying on them.

## Sources

- YTL Corp ends FY2024 on positive footing, pays 4.5 sen dividend — https://theedgemalaysia.com/node/723704 (The Edge Malaysia)
- YTL Power completes first Nvidia-powered AI data centre in Johor, YTL AI Cloud now operational — https://theedgemalaysia.com/node/776142 (The Edge Malaysia)
- Malayan Cement: explosive profit growth from infrastructure boom (FY2024 results) — https://theedgemalaysia.com/node/772495 (The Edge Malaysia)
- RM5.9 Billion Cross-Ministry Allocation To Keep Malaysia At Forefront Of AI Development - PM Anwar — https://www.bernama.com/en/news.php?id=2477137 (Bernama)
- About YTL Power International Berhad — https://www.ytlpowerinternational.com/about-us/about-ytl-power-international/ (YTL Power International Berhad)
- Data Centers — YTL Power International Berhad — https://www.ytlpowerinternational.com/our-businesses/data-centers/ (YTL Power International Berhad)

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Source of truth: https://github.com/negaraku-md/NegaraKu.md
License: CC BY-SA 4.0
