99 Speed Mart Retail Holdings Berhad (99SMART) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 rose 13.6% year-over-year to RM3,075.9 million, driven by outlet expansion and earlier opening hours, with 3,151 outlets as of June 2026, up by 257 outlets year-over-year.

• Profit before tax (PBT) for Q2 2026 increased 11.8% year-over-year to RM217.4 million, and profit after tax (PAT) rose 13.4% to RM163.9 million.

• For the first half of 2026, revenue grew 15.5% year-over-year to RM6,144.3 million, with PAT up 21.8% to RM352.5 million.

• Bulk sales e-commerce contributed RM6.9 million in Q2 and RM22.4 million in 1H 2026 incremental revenue.

Financial highlights

• Gross profit for Q2 2026 was RM605.3 million, up 11.8% year-over-year, with a gross profit margin of 19.7%.

• Administrative and other operating expenses increased 11.7% year-over-year to RM388.9 million in Q2 2026, mainly due to higher staff and depreciation costs.

• PBT and PAT margins for Q2 2026 remained stable at 7.1% and 5.3%, respectively.

• Basic earnings per share for Q2 2026 was 1.95 sen, up from 1.72 sen in Q2 2025.

• Net cash generated from operating activities for 1H 2026 was RM400.4 million.

Outlook and guidance

• A new distribution centre in Semenyih, commissioned in July 2026, will support further outlet expansion and enhance distribution capacity.

• The group will focus on product mix, supply chain efficiency, and operational improvements to capture growth opportunities.

• Management remains cautious due to softer consumer demand, inflationary pressures, and evolving economic conditions.