YNH Property ends three-year audit qualification streak as debt falls 23pct
KUALA LUMPUR: YNH Property Bhd has secured an unmodified audit opinion from its external auditor, Morison LC PLT, for the financial year ended June 30, 2026 (FY26), ending three consecutive reporting periods of qualified opinions.
On June 30, 2026, audit firm Morison LC PLT issued a clean unmodified opinion on YNH Property Bhd's financial statements for the fiscal year ending in 2026. This marked the end of three years of qualified opinions. The property developer simultaneously reduced its total borrowings by 23.3% year-on-year, from RM534.1 million to RM409.8 million.
YNH attributed these improvements to its strengthened investment governance framework and debt reduction efforts. The company strengthened its governance processes following a review completed in April 2025 and appointed an independent consultancy to develop Investment SOPP. YNH also completed the RM138 million sale of Aeon Seri Manjung shopping mall, using the proceeds to pay off term loans.
Looking ahead, YNH plans to complete land disposals worth RM625 million and continue reducing its debt burden to create sustainable value for shareholders.
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