05-05-2025
Mr DIY Saw Its Q1 PAT Jump 20%, Declares RM132 Million For Dividend Payout
MR D.I.Y Group Berhad delivered a strong start to the financial year, reporting a 20.2% year-on-year increase in profit after tax to RM174.1 million for the first quarter ended 31 March 2025.
Revenue for the quarter grew 10.0% y-o-y to RM1.3 billion, driven by like-for-like store sales growth and new store openings during the quarter. Transaction volume rose 9.1% to 48.2 million, supported by the strategic expansion of its store network from 1,292 stores in 1QFY2024 to 1,465 stores as of 31 March 2025.
Gross profit ('GP') margin improved by 2.0 percentage points ('p.p.') y-o-y to 47.8%, reflecting lower average inventory costs arising from the economies of scale from our global procurement, and the strengthening of the Malaysian Ringgit. As a result, GP rose 14.9% y-o-y to RM601.2 millionProfit before tax ('PBT') increased 20.0% y-o-y to RM234.1 million, underpinned by the higher GP, while PAT climbed 20.2% to RM174.1 million. Net earnings margin stood at 13.9%, up from 12.7% in the same quarter last year.
The Group has declared a dividend of RM132.6 million for 1QFY2025, up 40% y-o-y and representing a 76.1% payout ratio Related
