PETALING JAYA: Berjaya Corporation Bhd (BCorp) registered revenue of RM2.31 billion and achieved a pre-tax profit of RM37.55 million for the first quarter of financial year 2026 ended Sept 30, 2025, compared to revenue of RM2.23 billion and pre-tax loss of RM101.58 million in the same quarter of the previous year.
The performance of the group in the quarter under review was attributable to the following business segments:
Retail (Non-Food) segment recorded higher revenue, mainly contributed by HR Owen Plc, which benefitted from the strong sales volumes in the new car sector and higher vehicle deliveries. The increase in revenue from HR Owen offset the lower revenue from Cosway’s operations, which declined due to the reduced in the number of stores, following store rationalisation measures involving the closure of non-performing stores since the previous financial year.
HR Owen reported a lower pre-tax loss primarily due to higher revenue reported in the current quarter; while Cosway reported a better performance due to improved gross profit margins from a more favourable product mix and reduced operating, selling and distribution expenses resulting from the closure of non performing stores.
Retail (Food) segment reported a slight increase in revenue, mainly driven by contributions from the group’s new overseas operations. In Malaysia, Starbucks achieved positive same-store sales growth, which contributed to a marginal increase in revenue despite a reduced number of operating stores. The segment recorded a reduction of more than 50% in its pre-tax loss mainly attributed to enhance profit margin arising from the cost saving initiatives, store rationalisation measures and reduced depreciation expenses following last year’s impairments.
Property segment achieved a higher revenue, primarily due to higher progress billings from its project at Residensi Oak, Bukit Jalil and Pangsapuri Azalea, Subang Heights, as well as higher sales of residence units from a local project in the current quarter under review. The segment registered a pre-tax profit in the current quarter, primarily driven by the higher revenue resulted from improved progress billings.
Hospitality segment posted a higher revenue and higher pre-tax profit, mainly due to a higher overall average occupancy rate and higher average room rate in the current quarter under review.
Services segment reported lower revenue, mainly due to the reduced contributions from the telecommunications network services (MTNS) business. The decline was partially mitigated by higher revenue contributions from STM Lottery Sdn Bhd, (STM Lottery), primarily driven by higher average sales per draw, attributable to higher accumulated Jackpot prizes in Lotto games, despite the number of draws remained the same in both quarters. The segment reported a lower pre-tax profit due to the MTNS business recording a reduced revenue and higher prize payout by STM Lottery in the current quarter under review.
The board did not recommend any dividend for the financial period ended Sept 30, 2025.
The performance of the domestic business segments of the group is expected to improve on the back of strong consumer spending and improvement in tourism activities.
As for the Number Forecast Operator (NFO) business, it is expected to continue delivering growth in line with the popularity of its Jackpot and Digit games and maintain its lead in terms of market share in the legalised NFO business sector.
Barring any unforeseen circumstances, the directors are cautiously optimistic that the performance of the business operations of the group for the remaining quarters of the financial year ending June 30, 2026 will be satisfactory.
