YTL Corporation Bhd

What YTL Corporation Bhd does

YTL Corporation Berhad is a Malaysian public-listed conglomerate founded in 1955 and headquartered at 33rd Floor, Menara YTL, 205 Jalan Bukit Bintang, Kuala Lumpur (company registration 198201012898 / 92647-H). It is listed on Bursa Malaysia under ticker 9679, with warrants outstanding (2.22 billion units at RM1.50, maturing 2 June 2028). The group operates across utilities (power generation, water and sewerage via YTL Power, Wessex Water and Ranhill), cement manufacturing (Malayan Cement Berhad), construction contracting, property development, hotels and resorts (with UK properties including Bath Spa, Gainsborough Hotel, Threadneedles Hotel, Academy Hotel, Glasshouse Hotel and Monkey Island Estate, plus Saint Tropez and Australian assets under YTL Hospitality REIT), technology, REITs and education through the YTL Foundation. Operations span 10 countries and serve approximately 12 million customers, with USD 24.9 billion in total assets from core businesses.

On the technology side, YTL operates the YTL Green Data Center Park in Kulai, Malaysia, with 298 MW already contracted and plans to scale to 1,000 MW from the existing 600 MW, co-powered by a 215 MWac first-phase solar facility and approximately RM8.1 billion invested in the data center business to date. YTL AI Labs developed ILMU, a family of sovereign large language AI models (ILMUChat, ILMU Claw and ILMU Coding) fluent in Bahasa Melayu, and YTL AI Cloud is the first Asian Nvidia Exemplar Cloud Provider. Carbon consulting is delivered through YTL-SV Carbon Sdn. Bhd., the largest Clean Development Mechanism consultancy in Malaysia and fifth largest in ASEAN.

Revenue is generated through multiple streams: regulated utilities (recurring tariffs in the UK and Malaysia), transactional cement and construction materials sales, one-time property development, recurring hotel and REIT revenue, recurring technology / AI cloud / data center services, and recurring O&M contracts. FY2025 (year ended 30 June 2025) revenue was RM30.8 billion (~US$7.3 billion) with profit after tax of RM3.4 billion (~US$813 million) and EBITDA of RM9.4 billion. Most recent quarter (Q3 FY2026) reported RM7.6 billion (US$1.9 billion) in revenue, and Data Centers were formalized as a separately reported segment in 2026.

Name

YTL Corporation Bhd

Legal name

YTL Corporation Berhad

Website

https://ytl.com

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

YTL Corporation Berhad is a Malaysian conglomerate founded in 1955 operating utilities, cement, construction, property, hospitality, data centers and AI cloud services across 10 countries, serving 12 million customers with USD 24.9 billion in core assets.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate (Utilities, Cement, Property, Hospitality, Technology)

NAICS

Natural Gas Distribution (2212)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

C&I Multi-Site & Cross-Border Supply (Portfolio/Meter Management) (EUAGACAK)

akta.pro secondary industry

Supply Chain Sustainability & Responsible Sourcing (SMETA, supplier ESG) (EUAHAJAE)

Keywords

• Power and water utilities
• Cement manufacturing
• Data center services
• Hospitality and hotels
• Carbon credit consulting

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Others

Revenue model

1. Utilities: Power generation through YTL Power International Berhad including operations in Malaysia, Singapore, and other markets. Also includes water and sewerage operations through Wessex Water in UK and Ranhill in Malaysia.
2. Cement Manufacturing: Through Malayan Cement Berhad, producing cement, ready-mixed concrete, drymix and aggregates for construction industry.
3. Property Development: Residential and commercial property development across Malaysia and other markets.
4. Hotels and Resorts: Hospitality operations across Malaysia, UK (Bath Spa, Gainsborough Hotel, Threadneedles Hotel, Academy Hotel, Glasshouse Hotel, Monkey Island Estate), France (Saint Tropez), and Australia. Properties operated under various brands including AC Hotels.
5. Technology: Data center services, AI cloud services, and technology solutions through YTL Power's technology subsidiaries.
6. REIT: YTL Hospitality REIT manages property rental and hotel segment revenue.
7. Construction Contracting: Construction contracting services for various projects.
8. Operation & Maintenance: O&M activities for utilities and industrial operations.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

YTL Corporation Berhad is a diversified Malaysian conglomerate that operates regulated power generation and water/sewerage utilities (including Wessex Water in the UK and Ranhill in Malaysia), cement manufacturing through Malayan Cement, construction contracting, residential and commercial property development, luxury hotels and resorts under multiple brands across Malaysia, the UK, France and Australia, and an emerging technology segment comprising the YTL Green Data Center Park, YTL AI Cloud and the ILMU family of large language AI models. It also runs YTL Hospitality REIT and provides Clean Development Mechanism (CDM) carbon credit consulting through YTL-SV Carbon.

Product overview

YTL Corporation Berhad is a Malaysian conglomerate operating across multiple business segments: Utilities (power generation, water and sewerage through YTL Power), Cement Manufacturing (Malayan Cement), Property Development, Construction Contracting, Hotels and Resorts (YTL Hospitality REIT), Technology (including YTL AI Cloud and data centers), REIT, and Education (YTL Foundation). The company also operates YTL-SV Carbon for carbon consulting services. The technology segment includes AI services through YTL AI Labs, which developed ILMU, Malaysia's own large language AI model, and operates the YTL Green Data Center Park. The company operates in 10 countries serving 12 million customers worldwide with USD 24.9 billion in total assets from core businesses.

Differentiator

Problem solved

Functional benefit

Brands

• YTL-SV Carbon: Clean Development Mechanism (CDM) consultancy providing end-to-end solutions for carbon credit projects, handling identification, development, registration and sale of carbon credits regionally and globally.
• ILMU
• ILMUChat
• ILMU Claw
• ILMU Coding
• YTL AI Cloud
• YTL Foundation
• YTL Green Data Center Park

Products and services

• YTL AI Cloud AI cloud services platform certified as an Nvidia Exemplar Cloud Provider and the first Asian cloud provider to achieve this certification, validating design, build, operation and maintenance of AI clusters at the highest performance levels for enterprise customers.
• ILMU Large Language AI Model family (ILMUChat, ILMU Claw, ILMU Coding) Malaysia's own sovereign large language AI model developed by YTL AI Labs, with variants for chat (ILMUChat), general use (ILMU Claw) and coding (ILMU Coding); designed to be culturally aware, contextually intelligent and fluent in Bahasa Melayu, and positioned to empower Malaysian businesses with locally grounded AI.
• YTL Green Data Center Park A green data center facility in Kulai, Malaysia, co-powered by solar energy with 298 MW of contracted data center capacity and an expansion plan to 1,000 MW from the existing 600 MW; first phase includes a 215 MWac solar power generation facility. Revenue for Q3 FY2026 was RM225 million with profit before tax of RM59 million.
• Malayan Cement Berhad Cement, Ready-Mixed Concrete, Drymix and Aggregates Cement, ready-mixed concrete, drymix and aggregates produced by Malayan Cement Berhad for the construction industry, with high-value bespoke products, ongoing efficiency upgrades and ESG-driven improvements; Q3 FY2026 revenue was RM1.2 billion, up 12% year-on-year.
• YTL-SV Carbon CDM Consultancy and Carbon Credit Services End-to-end Clean Development Mechanism (CDM) consultancy covering project identification, Project Design Document (PDD) development, CDM registration and sale of carbon credits, with sector expertise in palm oil, energy and waste management; the largest CDM consultancy in Malaysia and fifth largest in ASEAN, with approximately 50 projects in development and 15+ registered at the UNFCCC.
• YTL Hotels and Resorts (multi-brand luxury and upscale hotels) Luxury and upscale hotel and resort accommodation, meetings and events across properties in Malaysia, the UK (Bath, London, Edinburgh), France (Saint Tropez) and Australia, operated under multiple brands including AC Hotels.
• YTL Hospitality REIT Real estate investment trust listed on Bursa Malaysia that manages property rental and hotel segment revenue, including properties such as AC Hotel Ipoh; Q3 FY2026 revenue of RM149 million was up 6% year-on-year.
• YTL Communications Telecommunications Services Telecommunications services operated through YTL Communications Sdn. Bhd., providing connectivity services to Malaysian consumers and businesses under the group's PDPA-compliant framework.

Quantifiable outcome

• 472% increase in profit before tax for UK water operations (9 months ended March 2026)
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tenaga Nasional Berhad: Malaysia's largest electric utility, operating regulated power generation, transmission, and distribution. The closest direct comparable to YTL Power International's power generation operations in Malaysia.
• Ranhill Utilities Berhad: Malaysian water and power utility operator that YTL Power acquired an interest in. Direct comparable for water and power operations in Malaysia, sharing regulatory exposure and customer base.
• Cahya Mata Sarawak Berhad: Malaysian (Sarawak-based) conglomerate with cement manufacturing, construction, and property development. Comparable to YTL's cement, construction, and property segments within a Malaysian economic context.
• Heidelberg Materials: Global cement, aggregates, and ready-mixed concrete producer. Direct comparable to Malayan Cement Berhad, with similar product mix and exposure to construction-cycle economics.
• Sime Darby Berhad: Malaysian diversified conglomerate with operations across industrial, plantations, healthcare, and motors. Highly comparable to YTL's diversified structure spanning multiple unrelated industries under one listed parent.
• Keppel Corporation: Singapore-listed conglomerate with infrastructure, real estate, and connectivity/data-centre-adjacent businesses. Comparable to YTL's diversified conglomerate structure and recent pivot into data-centre-adjacent infrastructure.
• Sunway Berhad: Malaysian diversified conglomerate with construction, property development, healthcare, hospitality, and education. Most structurally similar peer to YTL given overlapping segments in property, construction, and hospitality.
• Gamuda Berhad: Malaysian infrastructure and property conglomerate with significant construction and water-related engineering exposure. Comparable to YTL's construction contracting and utility infrastructure footprint.
• Equinix, Inc. Global data centre colocation operator. Direct comparable for YTL Green Data Center Park's data centre operations, including power, connectivity, and enterprise customer mix.

Broad incumbents

• IOI Corporation Berhad: Malaysian conglomerate spanning palm oil plantations, property development, and energy/specialty fats. Comparable as a diversified Malaysian listed entity, though its core is resource-based rather than infrastructure-based.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ytl-corporation-bhd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YTL Corporation Bhd