MR DIY posts higher net profit of RM136.12mil in 3Q, 1.3 div/share

KUALA LUMPUR: Shored up by the contributions of 26 new stores during the third quarter ended Sept 30, 2025 (Sept 30, 2025), MR DIY Group (M) Bhd recorded continued growth in its top- and bottom-lines amid a challenging market environment.

"We are on track to record our tenth consecutive year of revenue and profit growth. These results reflect the resilience of our business and the continued trust customers place in our brand – even amid a challenging market environment and ongoing policy adjustments following the removal of subsidies," said MR DIY CEO Adrian Ong in a statement.

The home improvement retailer said quarterly net profit rose to RM136.12mil from RM121.65mil in the year-ago quarter on the back of revenue of RM1.2bil, up from RM1.14bil previously.

Despite the 5.6% jump in revenue, the group said the improvement was partially offset by lower like-for-like sales amid a challenging market environment and ongoing policy adjustments following the removal of subsidies.

In line with the performance, the board of directors declared an interim dividend of 1.3 sen per share, with entitlement date on Nov 28, 2025, and payable on Dec 5, 2025.

Over the quarter, the group said operating expenses rose 11% year-on-year due to higher staff costs, mainly owing to the revised minimum wage that began on Feb 1, 2025, increased utility costs and depreciation of fixed assets and right-of-use assets in line with store network expansion.

The group also incurred RM3.1 million in additional expenses for the loss on disposal of certain fixed assets as part of its divestment of non-core, revenue-generating assets.

For the nine-month period ended Sept 30, 2025, MR DIY registered a net profit of RM468.85mil as compared to RM421.74mil in the year-ago period.

Revenue rose to RM3.67bil from RM3.47bil in the comparative period.