Kuala Lumpur: Padini Holdings Bhd’s net profit improved to RM71.97 million in the third quarter ended March 31, 2025 (3Q FY2025) from RM40.52 million a year earlier, driven by an improvement in the gross profit margin. Revenue also advanced to RM626.81 million from RM575.37 million previously, according to the fashion company’s stock exchange filing today.

According to BERNAMA News Agency, the retail business remains challenging due to the deterioration of purchasing power, potentially arising from rising costs, trade tensions, and increasing inflation and interest rates. Despite these challenges, Padini remains optimistic about satisfactory performance for the current financial year.

Padini stated that management will continue to offer value for money products and implement measures to control costs, optimise working capital, preserve cash, and streamline operations to minimise any adverse impacts.

For the cumulative nine-month period, Padini posted a higher net profit of RM147.81 million compared with RM120.29 million in the previous year’s corresponding period, while revenue increased to RM1.55 billion from RM1.46 billion previously.

The company declared an interim dividend of 1.8 sen per share and a special dividend of 1.0 sen per share for FY2025, which will be payable in June 2025.