Mr D.I.Y. Group (MRDIY) Q2 2025 earnings summary

Executive summary

• Revenue for 2QFY2025 rose 1.5% year-over-year to RM1,214.2 million, driven by new store openings despite a high base from the previous year's festive season.

• Net profit for the quarter increased 2.2% year-over-year to RM158.6 million, with profit before tax up 2.0% to RM212.0 million.

• The store network expanded by 31 net new stores in the quarter, totaling 1,502 stores, and total transactions grew 5.0% year-over-year.

Financial highlights

• Gross profit for 2QFY2025 increased 6.4% year-over-year to RM579.5 million, with gross profit margin improving by 2.2 percentage points to 47.7%.

• For the six months ended June 2025, revenue rose 5.6% year-over-year to RM2,471.4 million, and net profit increased 10.9% to RM332.7 million.

• Administrative and other operating expenses rose 9.7% and 9.9% year-over-year, mainly due to higher staff and utility costs and increased depreciation.

• Basic earnings per share for 2QFY2025 was 1.67 sen, up from 1.64 sen a year ago; for the six months, EPS was 3.51 sen, up from 3.18 sen.

Outlook and guidance

• The group remains focused on long-term value through growth investments and technology, with continued store expansion planned for 2025.

• Despite market volatility from geopolitical tensions and domestic policy changes, no material impact is expected on operations.

• A dividend of RM142.1 million was declared for 2QFY2025, representing an 89.6% payout ratio of PAT.