MR DIY quarterly revenue hits RM1.2bil

The Star

2 days ago

PETALING JAYA: MR DIY Group (M) Bhd – now with over 1,500 stores countrywide – expects no material impact on its business operations despite ongoing market volatility stemming from geopolitical tensions, tariff adjustments and changes to domestic policies, including the revised sales and service tax and the 2% Employees Provident Fund contribution for foreign workers.
In a filing with Bursa Malaysia, the homegrown retailer said it will continue to expand its retail footprint in 2025 by launching new stores across its core and sub-brands.
'The group remains focused on delivering long-term, sustainable value to stakeholders through strategic investments in growth and technology to enhance operational efficiency,' it noted.
In the second quarter ended June 30, 2025 (2Q25), MR DIY opened 31 new stores, bringing its total to 1,502 – up 12.1% year-on-year (y-o-y).
Thanks to the expansion, MR DIY saw its topline inch up by 1.5% to RM1.21bil during the quarter from RM1.2bil in 2Q24.
'This growth came off a high base in 2Q24, which had benefited from the Hari Raya festive season,' the group noted.
Net profit for the quarter under review was up 2.2% to RM158.58mil from RM155.21mil in 2Q24, on the back of higher revenue and improved margin.
Gross profit margin climbed 2.2 percentage points to 47.7%, aided by lower average inventory costs following the ringgit's strengthening against the US dollar and Chinese yuan.
Additionally, MR DIY said total transactions during the quarter rose 5% y-o-y to 48.5 million.
But this, it said, was offset by a 3.3% decline in average basket size, mainly due to fewer items per transaction.
Furthermore, administrative and other operating expenses rose 9.7% and 9.9% y-o-y to RM53.4mil and RM309.9mil, respectively, reflecting higher staff costs from the minimum wage revision effective Feb 1, 2025, as well as increased utility costs and asset depreciation in line with store expansion.
For the first half of its financial year 2025 (1H25), MR DIY's revenue rose 5.7% to RM2.47bil from RM2.34bil in the previous corresponding period, also thanks to an expanded store network.
Furthermore, total transactions for the half grew 7% y-o-y to RM96.7mil, partially offset by a 1.2% y-o-y decline in average basket size.
Net profit for 1H25 rose 10.9% to RM332.73mil from RM300.09mil in 1H24, while gross profit margin improved to 47.8% from 45.7% in the previous corresponding period.
Administrative and other operating expenses increased by 13.7% and 10.8% y-o-y, respectively.
On top of that, the group declared a dividend of 1.5 sen per share for 2Q25, totalling RM142.1mil or 89.6% of profit after tax.
This brings total dividends for 1H25 to 2.9 sen per share, up from 2.2 sen in the previous corresponding period.
Shares of MR DIY rose one sen, or 0.63%, to close at RM1.60 yesterday.