On Jul, 24 2026, Yoma Strategic Holdings released detailed answers to questions from the Securities Investors Association (Singapore) regarding its annual report for the year ended Mar, 31 2026.
The group said Yoma Central “remains an important long-term strategic asset.” Management is in advanced talks with lenders and shareholders on a restructuring that could allow construction of the mixed-use development to restart in phases, though no capital expenditure figure or funding mix was disclosed.
While the company posted a net profit of 23.9 million US dollars for FY2026, this included 31.3 million US dollars of fair-value gains on investment properties. Core EBITDA rose 10.8 % year-on-year to 49.0 million US dollars, supported by cost discipline and improved operating performance.
At fintech associate Wave Money, revenue fell almost 30 % to 19.6 million US dollars as the business shifted from over-the-counter remittances to a broader digital-wallet model. Transaction volumes grew 48 %, digital transactions jumped 56 %, and interest income climbed 79 % to 7.9 million US dollars, but the unit still booked a 2.4 million US-dollar loss, partly due to higher depreciation and a goodwill impairment.
Adopting revised foreign-exchange accounting rules, Yoma Strategic now uses an estimated spot rate derived from authorised dealer bank quotations on the Central Bank of Myanmar’s online platform to translate Myanmar-kyat assets and earnings into US dollars. As of Mar, 31 2026, 85.8 % of its 47.3 million US-dollar cash balance was in kyat; management said the accounting change had no material impact on results.
Despite a stated dividend policy of paying out 10 %–20 % of profit after tax, the board recommended no dividend for FY2026, citing the need to strengthen the balance sheet, support key projects and pursue deleveraging toward a net-gearing target in the “low- to mid-teens.”
The company also addressed concerns over its 22 million US-dollar perpetual securities carrying a 20 % distribution rate, clarifying that the refinancing in FY2026 maintained, rather than increased, that cost. Management said it may replace the high-coupon securities with lower-cost MMK-denominated borrowings as market conditions permit.