KUALA LUMPUR: Padini Holdings Bhd
posted a lower net profit of RM60.54 million in the third quarter ended March 31, 2026 (3Q 2026) from RM71.97 million in 3Q 2025.
Revenue was marginally lower at RM624.45 million from RM626.81 million previously, it said in a filing with Bursa Malaysia.
For the nine months of 2026, net profit was RM122.24 million, down from RM147.81 million a year ago, while revenue eased to RM1.51 billion from RM1.55 billion previously.
The group said it recorded a decline in top-line sales, resulting in revenue decreasing by RM2.4 million (-0.4 per cent) quarter-on-quarter (q-o-q) and RM36.0 million (-2.3 per cent) year-on-year (y-o-y).
Padini Holdings said its profit before tax decreased by RM12.9 million (-13.5 per cent) q-o-q and RM27.5 million (-13.9 per cent) y-o-y.
"Apart from a decrease in top-line sales, which resulted in lower profit before tax, the decline was also due to higher operational costs, including increased depreciation and the imposition of service tax on rental and other expenses, which took effect as part of the service tax scope expansion from July 1, 2025,” it said.
Moving forward, the fashion and apparel company said that retail business in general remains challenging due to deteriorating purchasing power stemming from rising costs, trade tensions, inflation, and interest rates.
"Despite these potential challenges, we are optimistic that the group will perform satisfactorily for the current financial year.
"Management will continue to provide value for money products and implement measures to control costs, optimise working capital, preserve cash and streamline the operations to minimise any adverse impacts,” it added.
The company has declared a fourth interim dividend of 1.8 sen per ordinary share (single-tier) and a special dividend of 2.0 sen per ordinary share (single-tier) for the financial year ending June 30, 2026, both payable on June 29, 2026. - Bernama
