Berjaya Food the operator of Starbucks and other food and beverage chains reported its final quarter and full year financials today (August 27). For the fourth quarter the group registered a revenue of RM130.01 million and halved its losses with a pre-tax loss of RM65.10 million as compared to a revenue of RM115.90 million and pre-tax loss of RM183.79 million reported in the previous year’s corresponding quarter.
The increase in revenue was primarily attributable to the better performance of Starbucks operations in Malaysia, notwithstanding a reduced number of operating stores, together with higher contributions from the Group’s overseas operations. This growth partially offset the decline in revenue from KRR operations in Malaysia, which resulted from the continued rationalisation and closure of non-performing stores during the financial quarter.
The significant reduction in pre-tax loss was primarily attributable to higher revenue, coupled with the positive impact of the Group’s cost optimisation and store rationalisation initiatives. In addition, impairment losses recognised on property, plant and equipment (“PPE”) and right-of-use (“ROU”) assets relating to non-performing stores in the current quarter were significantly lower compared to the corresponding quarter of the previous financial year.
The lower depreciation and amortisation charges in the current quarter, following the impairment losses recognised in the previous financial year, also contributed to the improvement in the Group’s results.
For the financial year ended 30 June 2026, the Group’s revenue and pre-tax loss were RM503.69 million and RM108.13 million respectively as compared to a revenue and pre-tax loss of RM479.45 million and RM278.91 million respectively. Group revenue recorded a growth of 5% and pre-tax loss has dropped significantly from RM278.9 million to RM108.13 million. The higher revenue and lower pre-tax loss were mainly due to the abovementioned reasons.
