Sheng Siong Group (OV8) Q4 2025 earnings summary

Executive summary

• Revenue for FY2025 rose 9.9% year-over-year to S$1,570.0 million, with net profit up 8.5% to S$149.2 million.

• Gross profit margin improved to 31.3% from 30.5% in FY2024, reflecting stable profitability.

• Retail network expanded with 12 new stores in FY2025, bringing the total to 93 stores.

• China operations contributed 2.4% to total revenue, with higher expenses from the 6th store impacting profitability.

Financial highlights

• 2H FY2025 revenue increased 12.7% year-over-year to S$805.3 million; net profit grew 13.8% to S$76.9 million.

• Gross profit for FY2025 reached S$491.6 million, up 12.9% year-over-year.

• Net finance income declined 53.5% year-over-year to S$3.8 million.

• Net profit margin remained stable at 9.5%.

Outlook and guidance

• Core inflation in Singapore expected at 1–2% in 2026, with resilient economic growth.

• Consumers remain cautious, favoring budget-friendly and house-brand products.

• Continued focus on store expansion, operational efficiency, and supply chain diversification.

• Two stores to close in 2026; new distribution center to support up to 120 supermarkets.