KUALA LUMPUR: Sports Toto Bhd
, which saw its net profit more than double in the second quarter ended Dec 31 (2Q25), remains cautiously optimistic that the group's business will remain steadfast.
“Despite the prevailing uncertainties and global economy headwinds including trade policies impact, inflationary trends and regional growth disparities, the directors are of the view that the group's business will grow steadily and maintain a positive outlook for the remaining quarters of the financial year ending June 30, 2025 (FY25),” the number forecast operator (NFO) said in notes accompanying its financial results.
In 2Q25, Sports Toto’s net profit surged to RM49.7mil, or earnings per share of 3.68 sen compared with RM24.2mil, or 1.83 sen.
Revenue for the quarter rose 8.3% to RM1.5bil against RM1.4bil previously.
For the first six months, it posted a 7.8% increase in net profit to RM91mil, despite a slight decline in revenue to RM2.92bil from RM2.96bil last year.
The board has declared a second interim dividend of 2.0 sen per share for FY25, payable on April 18, with an entitlement date of March 28.
Based on 1.33 billion shares, the total payout is RM26.7mil, bringing the total dividends for the period ended Dec 31, 2024, to RM53.7mil.
Meanwhile, Sports Toto also expressed hope that the legal due process would prevail regarding the closure of legal NFO outlets in Kedah and Perlis, allowing STM Lottery to re-establish its presence in these states.
“Nevertheless, the NFO business is expected to continue delivering growth, in line with the ongoing popularity of our Lotto and Digit games to achieve commendable results,” it said.
