Sports Toto’s 1Q26 profit slides 46%

KUALA LUMPUR: Sports Toto Bhd remains cautiously optimistic that the group’s business will remain stable and resilient.

“The number forecast operation (NFO) business is anticipated to continue its growth, supported with the popularity of its Jackpot and Digit games.

“Despite prevailing global economy headwinds and uncertainties, the directors are confident that it will continue to maintain its leading market position in the legalised NFO business sector.

“Overall, the group’s businesses are expected to remain encouraging, with a positive outlook for the remaining quarters of the financial year ending June 30. 2026,” Sports Toto said in the notes accompanying its financial results. 

In the first quarter ended Sept 30, Sports Toto saw its net profit tumble 46% to RM22.1mil, or earnings per share of 1.66 sen compared with RM41.3mil, or 3.06 sen in the year-ago quarter.

Revenue, however, climbed to RM1.49bil against RM1.44bil achieved last year.

Sports Toto said the higher revenue was mainly driven by higher sales from STM Lottery Sdn Bhd and H.R. Owen Plc, whilst pre-tax profit declined by 34.2%, mainly due to lower results from STM Lottery.

The board has declared a first interim dividend of 2 sen per share for the financial year ending June 30, 2026. It will be paid on Jan 16, 2026, with an entitlement date of Dec 31, 2025.