For the current quarter ended 30 April 2026, MyNews Holdings recorded revenue of RM225.97 million, an increase of RM23.40 million or 11.6% compared to RM202.57 million in the corresponding quarter of the preceding year. The revenue growth was driven by an expanded outlet network of 65 new outlets from 639 to 704 and improved in-store sales. Gross profit margin contracted to 37.5% in the current quarter from 39.5% in the corresponding quarter, a contraction of 2.0%, reflecting higher cost of sales relative to revenue arising from product mix changes and in-store sales promotions.
However, the group recorded lower profit after tax of RM67,000 in the second quarter compared to a profit after tax of RM2 million in the corresponding quarter, representing a deterioration of RM1.3 million. The decrease was primarily attributable to the administration expenses increased by RM1.81 million (20.0%) to RM10.87 million, partially due to recruitment of skilled talent in areas such as process automation and artificial intelligence as well as the strengthening of the commercial and operations team.
Selling and distribution expenses increased by RM5.42 million (12.7%) to RM47.95 million, primarily driven by the continued expansion of the Group’s retail network; and Other expenses increased by RM1.20 million, or 5.4%, to RM23.28 million, primarily due to higher depreciation charges arising from the Group’s continued capital investments in expanding its retail
outlet network, as well as depreciation of right-of-use assets.
Consequently, earnings before interest, tax, depreciation (inclusive of depreciation of right-of-use assets) and amortisation (EBITDA) decreased to RM27.98 million, compared to RM29.63 million in the corresponding quarter.
