KUALA LUMPUR: MR DIY Group (M) Bhd's net profit rose to RM192.02 million in the first quarter ended March 31, 2026 (1Q 2026), from RM174.14 million in the same period last year, driven by revenue growth and improved gross margins.
In a Bursa Malaysia filing, the home improvement retailer said its revenue also increased to RM1.37 billion in 1Q 2026 from RM1.25 billion in the same period last year.
"Growth was driven by a 7.7 per cent expansion in our store network, which increased from 1,471 stores at March 31, 2025 to 1,584 stores at March 31, 2026, alongside positive like-for-like sales supported by strong seasonal demand during the Chinese New Year and Hari Raya festive periods," it said.
On prospects, the group said it remains focused on delivering sustainable value through disciplined capital allocation, operational efficiency and consistent shareholder returns.
It said ongoing political developments, including the United States-Iran tensions, have contributed to heightened economic uncertainty, particularly through elevated crude oil prices that may exert inflationary pressures.
"Against this backdrop, the group remains confident in the resilience of its business model and its ability to manage potential impacts. The group will continue to monitor developments closely and remain agile in its response," it said.
MR DIY added that it will maintain a measured and disciplined approach to expansion, underpinned by sustainable store-level economics, while remaining on track to open approximately 155 net new stores in the financial year 2026.
In a separate filing, its chief executive officer, Adrian Ong, said the group's performance reflects deliberate choices made over time, namely remaining disciplined on costs, consistent in execution and focused on what matters most to its customers.
"We will continue to invest in price competitiveness, product quality and operational capabilities to sustain this momentum,” Ong said.
He added that with a strong foundation, expansion into underpenetrated markets such as East Malaysia, and its continued focus on value-led offerings, the group is well-positioned to grow responsibly and sustainably.
The group also declared an interim dividend of RM151.6 million for 1Q 2026, representing a 14.6 per cent increase year-on-year. - Bernama
