99 Speed Mart Retail Holdings Berhad (99SMART) investor relations material

Executive summary

• Revenue for Q1 2026 rose 17.5% year-over-year to RM3,068.4 million, driven by network expansion, higher sales transactions, and earlier operating hours.

• Net profit (PAT) increased 30.1% year-over-year to RM188.6 million, supported by improved margins, a higher mix of non-essential products, and energy-saving efficiencies.

• 253 new outlets were added year-over-year, totaling 3,086 outlets as of March 2026.

• Bulk sales e-commerce contributed RM15.5 million in incremental revenue.

• Total sales transactions grew 18.0% to 141.1 million, with stable average basket size at RM21.70.

Financial highlights

• Gross profit grew 20.1% year-over-year to RM625.5 million; gross profit margin improved to 20.4%.

• Profit before tax (PBT) rose 29.9% to RM249.4 million; PAT margin reached 6.1%.

• Basic EPS increased to 2.24 sen from 1.72 sen year-over-year.

• Net cash generated from operating activities was RM307.2 million, up from RM146.7 million in Q1 2025.

• First interim dividend of 2.25 sen per share declared, totaling approximately RM189.0 million, with payment scheduled for June 16, 2026.

Outlook and guidance

• Demand for essentials expected to remain stable, though at a more moderate pace due to value-conscious consumer behavior.

• Inflation is contained, and government support measures continue to buffer household consumption.

• Focus remains on cost optimization, efficient inventory management, competitive pricing, and utility efficiency.

• Plans to strengthen value-focused promotional campaigns and enhance the 99 Bulksales platform.