KUALA LUMPUR, May 18 — 99 Speed Mart Retail Holdings Bhd posted a higher net profit of RM188.56 million in the first quarter of its financial year ended March 31, 2026 (1Q 2026), compared with RM144.90 million in the same period last year.
In a Bursa Malaysia filing today, it said the performance was driven by an improved non-essential product mix and effective energy-saving measures.
The revenue jumped to RM3.07 million in 1Q 2026 compared to RM2.61 million in 1Q 2025, attributed to the continued expansion of its outlet network, with a net addition of 253 outlets year-on-year, bringing the total outlet count to 3,086 as of March 31, 2026.
“Revenue growth was also supported by the implementation of earlier operating hours nationwide. Accordingly, total sales transactions increased 18.0 per cent to 141.1 million, while the average basket size remained stable at RM21.70,” it said.
The company also declared a first interim dividend of 2.25 sen per ordinary share, amounting to a payout of approximately RM189 million for the financial year ending Dec 31, 2026, with an entitlement date of June 5, 2026, and payment to be made on June 16, 2026.
Commenting on the company’s performance, its chief executive officer, Lee Thiam Wah said the operations continue to benefit from resilient consumer demand, as they provide affordable daily necessities and accessible services to customers nationwide, in line with their Near ‘n Save ethos.
He also said the group also continued to broaden their product offerings across the outlets — including selected small electrical appliances — to provide greater convenience and cater to the evolving needs of their customers.
“As consumer spending patterns continue to shift towards greater value consciousness, we will further strengthen our ‘four items for RM10’ promotional campaign and continue enhancing the 99 Bulksales platform to deliver better affordability and value to customers nationwide.
“At the same time, managing costs and improving utility efficiency remain key priorities for the group.
“We continue to implement various energy-saving initiatives, including the installation of solar panels across our retail and distribution operations and optimisation of lighting operating hours across our outlets, to enhance operational efficiency and support sustainable long-term growth,” he said.
