MR D.I.Y Group Berhad posted a record net profit of RM174.1 million for the first quarter ended 31 March 2025, a 20.2% increase from RM145 million in the same period last year.
Revenue rose 10% year-on-year to RM1.3 billion from RM1.18 billion in 1QFY2024, reflecting strong growth despite global economic uncertainties.
The group opened 43 new stores during the quarter, bringing its total store count to 1,465 compared to 1,422 at the end of FY2024 and 1,292 a year earlier.
The strong performance was further supported by higher same-store sales, lower inventory costs due to better economies of scale and a stronger Ringgit, and a 9.1% increase in transactions to 48.2 million.
Chief Executive Officer Adrian Ong said the results highlight operational gains, including greater efficiency from the automated warehouse launched in August 2024. “We are pleased with the solid start to FY2025. The numbers reflect the impact of our strategic efforts to scale and optimise,” he said.
Gross profit margin rose 2 percentage points to 47.8%, while profit before tax (PBT) grew 20% to RM234.1 million. Net profit margin improved to 13.9%, compared to 12.7% in 1QFY2024.
Despite macroeconomic headwinds and geopolitical risks, MR D.I.Y stated that it remains unaffected by current US tariffs and maintains strong financial resilience.
The group aims to open 190 new stores across its brands this year, further enhancing its retail footprint and product diversity.
The board declared a dividend of RM132.6 million for the quarter, up 40% from RM94.7 million last year with a payout ratio of 76.1%.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
