MR DIY released it 2QFY2026, earnings reporting revenue increase of 3.6% year-on-year (“y-o-y”) to RM1,25 billion, from RM1,21 billion in 2QFY2025.
Profit before tax and profit after tax (“PAT”) were RM180.8 million and RM134.4 million, respectively, moderating by 14.7% and 15.2% y-o-y due to the factors outlined above.
Group’s store network grew 7.2% from 1,502 stores as at 30 June 2025 to 1,610 stores as at 30 June 2026. The increase in revenue was partly moderated by lower like-for-like sales, reflecting the earlier timing of the Hari Raya festivities, which benefitted 1QFY2026.
Total transactions increased 7.3% y-o-y to 52.0 million, in line with the expanded store network. Average basket value
was 3.5% lower, mainly reflecting lower average selling prices from targeted promotional campaigns.
Gross profit grew 2.9% y-o-y to RM596.2 million. GP margin remained resilient at 47.4%, as the benefit of lower
import costs from the stronger Ringgit was balanced by targeted promotional campaigns.
Other operating income was RM13.7 million, comprising management fees, interest income from short-term fixed
deposits and money market funds, and the accretion of discounts on lease deposits.
Administrative expenses increased 17.6% y-o-y to RM62.8 million, reflecting investments in headquarters capabilities
and the loyalty programme to support future growth, as well as professional fees for fundraising and CSR activities.
Other operating expenses increased 10.8% to RM343.3 million, mainly due to higher staff costs, utilities, and
depreciation of fixed and right-of-use assets in line with the expanded store network. The increase also reflected the
SST on rental expenses, which took effect in July 2025.
