PETALING JAYA: MR DIY Group (M) Bhd
has posted a lower profit of RM134.4mil for the second quarter ended June 30, 2026 compared to RM158.58mil posted in the same quarter a year ago.
In a filing with Bursa Malaysia, the home improvement retailer said sales for the quarter were lower, as opposed to the first quarter where Hari Raya and Chinese New Year festivities benefited the group.
While total transactions increased 7.3% year-on-year to 52 million, the average basket value fell 3.5% mainly reflecting lower average selling prices from targeted promotional campaigns.
However, revenue was higher at RM1.25bil for the quarter under review versus RM1.21bil a year ago on the back of MR DIY’s store network which grew 7.2%.
At the end of June 2025, the group had 1,502 stores – this grew to 1,610 stores as at June 30, 2026.
Gross profit margin remained resilient at 47.4%, as the benefit of lower import costs from the stronger ringgit was balanced by targeted promotional campaigns.
Administrative expenses, however, increased 17.6% on a yearly basis to RM62.8mil, reflecting investments in headquarters capabilities and the loyalty programme to support future growth, as well as professional fees for fundraising and CSR activities.
Other expenses included operating income which stood at RM24.6mil, comprising management fees, interest income from short-term fixed deposits and money market funds, the accretion of discounts on lease deposits, and a reversal of provision for restoration costs.
Separately, for the first six months of 2026, MR DIY’s revenue grew 6.5% year-on-year to RM2.63bil, driven by a larger number of stores – evident by its total transactions growing 9.8% to 106.2 million.
Profit after tax was registered at RM326.4mil, lower 1.9% on a yearly basis.
For the quarter under review, the group declared a total interim dividend of 3.30 sen comprising an interim dividend of 13 sen per share and an additional interim dividend of 20 sen per share.
Furthermore, the group said it will continue focusing on delivering sustainable value through continued business growth, disciplined capital allocation, operational efficiency, and consistent shareholder returns.
Total dividends declared for the first half of 2026 amounted to RM464.4mil, representing a payout ratio of 142.3% of MR DIY’s profit after tax.
Moving forward, the group said it will continue to keep a close eye geopolitical uncertainties, inflationary pressures as well as the rising prices of Brent crude oil.
“We will continue to monitor developments closely, maintain disciplined cost management, and respond with agility.
“We will also pursue a measured and disciplined expansion strategy, guided by sustainable store-level economics and prudent capital allocation,” it said.
