PETALING JAYA: A healthy expansion of outlets, a variety of government social assistance initiatives and steady domestic spending resulted in much stronger earnings for 99 Speed Mart Retail Holdings Bhd
for the third quarter ended Sept 30, 2025 (3Q).
In a statement, the convenience store giant said it had achieved a net increase of 269 new outlets year-on-year, bringing the total number of outlets to 2,966 as of Sept 30, 2025.
In tandem with the growth of its outlets, the group’s total sales transactions surged 18.3% to RM141.8mil, while the average basket size remained stable at RM21.40 in the third quarter of this year.
In addition to that, its eCommerce platform saw bulk sales contribute RM15.1mil in incremental revenue compared to the third quarter in 2024, while the Sara initiatives have also brought in a new wave of customers, broadening its consumer base.
“We believe that these customers, once experiencing the affordability and accessibility of our outlets, will be encouraged to return, thereby strengthening customer loyalty and supporting our sustainable growth in the future,” the group said.
For the quarter under review, 99 Speed Mart posted RM3.04bil in revenue, higher than the RM2.55bil it saw in the same quarter last year.
As for its net profit, 99 Speed Mart recorded an increase of 49.9% to RM160.65mil, higher than the RM107.16mil in the same quarter a year ago.
As for its nine-month period, the group saw a cumulative revenue of RM8.36bil, an increase of 13% in comparison to the same period last year. Its net profit stood at RM457.04mil.
Meanwhile, the group has not slowed down with its expansion. It recently announced its debut in international waters by opening its first “99 Mini-Mart” outlet in the Fuzhou district in Fujian, China on Aug 31, 2025.
“This initiative involves establishing prototype outlets as a foundation for future expansion and to assess market potential,” it said.
Locally, it made its entry into Kelantan as it opened a store in Gua Musang on Oct 26, 2025.
The firm has declared a second interim dividend of two sen per ordinary share amounting to approximately RM168mil and a special interim dividend of 0.25 sen per ordinary share amounting to approximately RM21mil in respect of the financial year ending Dec 31, 2025.
The dividends will be payable on Dec 12, 2025.
