Duty Free International (5SO) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 revenue fell 16.0% YoY to RM32.2m, mainly due to the Bukit Kayu Hitam outlet closure; profit rose 9.8% to RM1.4m.

• Lower employee costs, higher other income and a reduced foreign-exchange loss helped offset weaker sales.

Financial highlights

• Revenue was RM32.2m vs RM38.3m YoY; other income rose 20.4% to RM3.1m, including interest income, inventory write-down reversals and disposal gains.

• Profit before tax increased to RM2.3m from RM2.2m; profit for the period rose to RM1.4m from RM1.3m.

• Employee benefits expense declined 23.1% to RM3.0m after headcount reductions following the Bukit Kayu Hitam closure.

Outlook and guidance

• Retail conditions are expected to remain challenging in FY2026 amid rising product and operating costs, persistent inflation and more cautious consumer spending.

• Cost control, operational efficiency and resource optimisation remain priorities; new business opportunities are being explored to support growth and long-term shareholder value.