7-Eleven expects inflationary pressures from external headwinds

PETALING JAYA: 7-Eleven Malaysia Holdings Bhd expects potential external headwinds, such as the rationalisation of RON95 fuel subsidies in June 2025 and a potential hike in the base electricity tariff for Peninsular Malaysia in July 2025, to lead to inflationary pressures.

This, the company said in a filing with Bursa Malaysia, could potentially affect lower- and middle-income households.

For the fourth quarter ended Dec 31, 2024, 7-Eleven reported a net loss of RM2.66mil compared with a net profit of RM206.34mil in the previous corresponding period, while revenue rose to RM745.49mil from RM694.28mil a year earlier.

The company said operating expenses for its convenience stores increased by RM19.3mil or 2.1%.

“This rise is attributed to higher store rental costs and utilities as a result of a broadened retail network, increase in store depreciation, and including information technology (IT) and non-IT maintenance expenses.”

For the financial year ended Dec 31, 2024, 7-Eleven’s net profit plunged to RM41.61mil from RM261.77mil a year earlier, while revenue rose to RM2.93bil from RM2.78bil previously.