KUALA LUMPUR: Padini Holdings Bhd
has posted a lower net profit of RM60.54mil in the third quarter ended March 31, 2026 (3Q26) from RM71.97mil in 3Q25.
In a filing with Bursa Malaysia, it said revenue was marginally lower at RM624.45mil from RM626.81mil previously.
For the nine months of 2026, net profit was RM122.24mil, down from RM147.81mil a year ago, while revenue eased to RM1.51bil from RM1.55bil previously.
The group said it recorded a decline in top-line sales, resulting in revenue decreasing by RM2.4mil (0.4%) quarter-on-quarter (q-o-q) and RM36mil (2.3%) year-on-year (y-o-y).
Padini Holdings said its profit before tax decreased by RM12.9mil (13.5%) q-o-q and RM27.5mil (13.9%) 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.
The company has declared a fourth interim dividend of 1.8 sen per ordinary share (single-tier) and a special dividend of two sen per ordinary share (single-tier) for the financial year ending June 30, 2026, both payable on June 29, 2026. — Bernama
