KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd
surpassed the RM10bil revenue mark in the financial year ended Dec 31, 2025 (FY25), marking a key milestone.
Founder and chief executive officer Lee Thiam Wah said FY25 had been a milestone year for the group, as it also achieved its target of operating 3,000 outlets nationwide.
“As we move forward, we remain focused on expanding our footprint with a target of opening 250 new outlets annually, while continuing to deliver everyday value and convenience to communities across Malaysia, in line with our Near ’n Save ethos,” he said in a statement.
He added that sustainability remains central to the company’s long-term strategy, with green initiatives implemented across outlets and distribution centres contributing to lower utility and maintenance costs, as well as reduced carbon intensity per outlet.
“We believe these initiatives will enhance operational efficiency and reinforce the company’s long-term sustainability.”
In the fourth quarter ended Dec 31, 2025, 99 Speed Mart’s net profit rose 26.3% to RM157.2mil, translating into earnings per share of 1.87 sen, compared with RM124.4mil, or 1.48 sen, in the same quarter a year earlier.
Quarterly revenue increased 19% to RM3.1bil from RM2.6bil previously.
The home-grown mini market chain retailer said the strong financial performance was underpinned by robust customer traction, with total sales transactions grew 17.4% to 141.7 million, complemented by an increase in average basket size to RM21.70 from RM21.40 in 4Q24.
For FY25, the group posted a net profit of RM614.2mil, up 25.3% from RM490.3mil, while revenue grew 14.5% to RM11.4bil from RM9.98bil in FY24.
During the quarter, it added 71 new outlets, bringing the total number of outlets opened during FY25 to 259, thereby exceeding its annual target of 250 new outlets. As a result, the total outlet count stood at 3,037 as of Dec 31, 2025.
