Kuala lumpur: 99 Speed Mart Retail Holdings Bhd has reported a significant rise in net profit for the third quarter ended September 30, 2025, with a 49.9% increase to RM160.65 million compared to RM107.16 million in the same period in 2024.
According to BERNAMA News Agency, the company’s revenue also saw a substantial boost, increasing by 19.1% to RM3.04 billion from RM2.55 billion in the previous year. This growth is attributed to the continued expansion of the outlet network and steady consumer spending on daily essentials, bolstered by various government social assistance initiatives. The company achieved a net increase of 269 new outlets year-on-year, bringing the total number of outlets to 2,966 as of September 30, 2025.
In line with the outlet growth, total sales transactions rose by 18.3% to 141.8 million, while the average basket size remained stable at RM21.40 in the third quarter of 2025. Additionally, the bulk sales e-commerce platform contributed RM15.1 million in incremental revenue compared to the third quarter of 2024. The higher sales volume led to a 21.7% increase in gross profit to RM328.3 million, with a modest improvement in the gross profit margin to 10.8%.
For the cumulative nine months, 99 Speed Mart recorded a higher net profit of RM457.04 million compared to RM365.85 million the previous year, with revenue increasing to RM8.36 billion from RM7.40 billion. The board has declared a dividend of 2.25 sen per ordinary share, comprising a second interim dividend of 2.0 sen and a special interim dividend of 0.25 sen, amounting to approximately RM189 million. The entitlement date is set for December 2, 2025, with payment to be made on December 12, 2025.
Founder and CEO Lee Thiam Wah highlighted that the company’s strategic plan to diversify into the overseas market has materialized with the opening of its first outlet in Fuzhou, China, on August 31, 2025. Moving forward, the company remains focused on improving accessibility and is on track to achieve its annual target of 250 outlets and surpass 3,000 outlets by the end of 2025.