Kuala lumpur: 99 Speed Mart Retail Holdings Bhd's (99 Holdings) net profit for the second quarter ended June 30, 2026, increased by 13.4 percent to RM163.95 million from RM144.63 million a year ago. According to BERNAMA News Agency, revenue for the same period rose 13.6 percent year-on-year to RM3.08 billion from RM2.71 billion, as reported in a filing with Bursa Malaysia.

The company attributed the growth to the continued expansion of its outlet network, with a net addition of 257 new outlets year-on-year. This expansion brought the total number of outlets to 3,151 as of June 30, 2026, up from 2,894 a year prior. During this period, total sales transactions increased by 13.6 percent to 146.4 million, with an average basket size of RM21.

For the first half of 2026, 99 Holdings reported a net profit of RM352.5 million, a rise from RM289.53 million in the previous year, while revenue climbed to RM6.14 billion from RM5.32 billion. The company's bulk sales e-commerce platform also experienced significant growth, with revenue increasing by 80.5 percent year-on-year to RM50.2 million during the first half of 2026.

Lee Thiam Wah, the founder and chief executive officer of 99 Holdings, noted that the positive growth momentum was driven by the expansion of the outlet network and the nationwide implementation of earlier opening hours. Additionally, the company's focus on operational efficiency, including energy-saving initiatives and equipment, contributed to lower utility costs and improved cost efficiency.

Lee emphasized the importance of strengthening the supply chain as the outlet network grows. He also highlighted the company's efforts to broaden its product offerings to meet evolving customer needs, following the successful introduction of a selected home appliances range. These products have been made available at all outlets nationwide and through the 99 Bulksales platform to better serve corporate and bulk purchase customers.