Duty Free International (5SO) Q3 2026 earnings summary

Executive summary

• 3Q FY2026 revenue rose 40.6% YoY to RM57.9m, mainly from the United Industries Group acquisition; PBT fell to RM2.8m from RM42.6m, largely due to the prior-year land-acquisition compensation.

• 9M FY2026 revenue increased 13.7% to RM132.7m, while PBT declined to RM9.3m from RM42.4m; the prior period included RM69.6m of land-acquisition compensation.

Financial highlights

• 3Q net profit was RM1.4m versus RM41.6m YoY; basic and diluted EPS were 0.12 sen versus 3.47 sen.

• 9M net profit was RM5.5m versus RM39.8m YoY; basic and diluted EPS were 0.46 sen versus 3.32 sen.

• 3Q other income fell 27.9% to RM1.4m; professional fees decreased to RM1.3m from RM18.2m, mainly because prior-year costs included land-acquisition compensation efforts.

• 9M operating cash flow was RM65.6m versus RM10.2m; cash and cash equivalents ended at RM86.9m versus RM245.1m a year earlier.

Outlook and guidance

• Retail conditions are expected to remain challenging through FY2026 amid rising product and operating costs, inflation, cautious consumer spending and the Bukit Kayu Hitam outlet closure.

• Cost control, resource optimization and strategic planning remain priorities; the automotive-components acquisition is expected to provide stable recurring revenue and diversify income.

• United Industries plans to leverage its customer network to pursue collaborations with electric and hybrid vehicle makers while meeting global regulatory standards and sustainability goals.