Kuala lumpur: 99 Speed Mart Retail Holdings Bhd reported a significant increase in net profit, reaching RM614.20 million for the financial year ending December 31, 2025, compared to RM490.27 million in the previous year. The company's financial performance was bolstered by a 14.5 percent rise in revenue, which amounted to RM11.43 billion, up from RM9.98 billion in FY2024. This growth was largely attributed to contributions from newly opened outlets.
According to BERNAMA News Agency, the total number of outlets increased by 9.3 percent year-on-year, contributing to an additional RM49.7 million in revenue from the bulk sales e-commerce platform. This surge in revenue led to a 17.6 percent rise in gross profit, amounting to RM1.29 billion, alongside a slight improvement in gross profit margin to 11.4 percent. The retail group also saw its total sales transactions grow by 14.3 percent, reaching 532 million transactions, with an average basket size of RM21.5 in FY2025. Other income experienced an increase of RM23.4 million, primarily due to interest income from deposit placements following the initial public offering (IPO) proceeds.
In its quarterly performance, 99 Speed Mart's net profit climbed to RM157.16 million for the fourth quarter of 2025, compared to RM124.42 million in the corresponding quarter of the previous year. The group's revenue for the quarter also saw an upward trend, rising to RM3.08 billion from RM2.58 billion.
Looking forward, the company aims to maintain its focus on convenience and affordability, in line with its Near 'n Save ethos. This strategy is evident in its carefully selected product offerings and pricing strategies designed to keep essential goods accessible and affordable for communities. The group also plans to enhance its bulk sales platform by expanding its product range, offering customers more choices and better value.
99 Speed Mart remains dedicated to its strategic expansion plans, aiming to open around 250 outlets annually, demonstrating its confidence in the market demand and long-term growth potential. The group has successfully surpassed its target, achieving over 3,000 outlets during the reporting period, showcasing its strong growth and execution capabilities.