99 Speed Mart Retail Holdings Berhad (99SMART) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 rose 11.9% year-over-year to RM2,707.8 million, driven by outlet expansion and higher transaction volumes, with 248 new outlets added, totaling 2,894 as of June 2025.

• Net profit (PAT) for Q2 2025 increased 22.0% year-over-year to RM153.2 million, with a PAT margin of 5.7%.

• Bulk sales e-commerce platform contributed RM11.8 million in incremental revenue for the quarter.

Financial highlights

• Gross profit for Q2 2025 was RM325.0 million, up 13.0% year-over-year, with a stable gross margin of 12.0%.

• Cumulative 1H 2025 revenue reached RM5,319.4 million, up 9.8% year-over-year; gross profit for 1H 2025 was RM639.5 million, up 12.2%.

• Other operating income in Q2 2025 grew 22.6% to RM225.3 million, mainly from product display and marketing allowances.

• Administrative and other operating expenses increased 17.5% in Q2 2025 due to higher depreciation and wage adjustments.

• Basic EPS for Q2 2025 was 1.82 sen, up from 1.49 sen in Q2 2024.

Outlook and guidance

• New “4 items for RM10” value series and extended operating hours launched to enhance affordability and convenience.

• Continued focus on outlet network expansion, exploring regional and international growth opportunities.

• Ongoing ESG initiatives include solar installations, green delivery trucks, and energy-efficient retrofits to drive long-term cost savings.