PETALING JAYA: 99 Speed Mart Retail Holdings Bhd, Malaysia’s largest homegrown mini market chain, recorded revenue of RM3.08 billion for the fourth quarter ended Dec 31, 2025 (Q4’25), an increase of 19% year-on-year (y-o-y).
Profit before tax (PBT) and profit after tax (PAT) increased by 26.1% and 26.3%, respectively, to RM208.8 million and RM157.2 million.
The strong financial performance was underpinned by robust customer traction, with total sales transactions growing 17.4% to 141.7 million, complemented by an increase in average basket size to RM21.70 from RM21.40 in Q4’24.
The company added 71 outlets in the fourth quarter, bringing the total number of outlets opened in FY25 to 259, exceeding its target of 250 for the year. As a result, the total outlet count stood at 3,037 as at Dec 31, 2025.
The company recorded a 13.7% increase in other operating income, supported by higher allowance income, in line with the expanding outlet base.
On a normalised basis, excluding one-off listing expenses of RM2 million incurred in Q4’24, normalised PBT and PAT for Q4’24 would have been RM167.5 million and RM126.4 million, respectively. Against this base, the company’s reported normalised PBT and PAT for Q4’25 represent y-o-y growth of 24.6% and 24.3%, respectively.
For the cumulative 12 months, 99 Speed Mart recorded revenue of RM11.4 billion, representing a 14.5% y-o-y growth. It achieved PBT of RM813.5 million and PAT of RM614.2 million, reflecting increases of 23.5% and 25.3% respectively.
Total sales transactions for the financial year rose 14.3% to 532 million, with an average basket size of RM21.50.
The company’s bulk sales e-commerce platform also gained strong momentum, with revenue contribution increasing by RM49.7 million, equivalent to a 214.8% increase, to RM72.8 million in FY25.
On a normalised basis, excluding one-off items incurred in the previous financial year, including employee special bonus and related statutory contributions and listing expenses, FY24’s normalised PBT and PAT would have been RM685.1 million and RM512.4 million respectively.
Against this base, the company’s reported normalised PBT and PAT for FY25 represent y-o-y growth of 18.8% and 19.9%, respectively.
Founder and CEO of 99 Speed Mart Lee Thiam Wah said FY25 has been a milestone year for the company.
“We not only surpassed the RM10 billion mark in revenue, but also achieved our target of operating 3,000 outlets nationwide by 2025.
“As we move forward, we remain focused on expanding our footprint with a target of opening 250 new outlets annually, while continuing to deliver everyday value and convenience to communities across Malaysia, in line with our Near ‘n Save ethos.
“Sustainability also remains a core pillar of our long-term strategy. Over the years, we have proactively implemented green initiatives across our outlets and distribution centres, delivering positive outcomes through lower utility and maintenance costs and meaningful reductions in carbon intensity per outlet.
“We believe these initiatives will enhance operational efficiency and reinforce the company’s long-term sustainability,“ he said.
