Mr DIY Q2 earnings fall 15pct on higher operating costs
KUALA LUMPUR: Mr DIY Group (M) Bhd’s net profit fell 15.2 per cent to RM134.41 million in the second quarter ended June 30, 2026, from RM158.58 million a year earlier due to higher operating expenses.
Mr DIY Group (M) Bhd reported a 15.2% drop in net profit for Q2 2026, dropping to RM134.41 million from RM158.58 million the previous year, due to rising operating expenses. Administrative expenses increased 17.6% year-over-year, driven by investments in headquarters and a loyalty program. Other operating expenses rose 10.8%, mainly from higher staff costs, utilities, and fixed asset depreciation, as the company expanded its store network.
The sales and service tax on rental expenses, implemented in July 2025, also contributed to the increase. Despite this, revenue grew 3.6% to RM1.26 billion, thanks to the continued expansion of stores. The company now operates 1,610 stores, up from 1,502 a year ago. Total transactions increased 7.3% year-over-year to 52.0 million.
For the six months, net profit fell to RM326.43 million, while revenue reached RM2.63 billion. The company announced a second interim dividend of RM123.2 million and an additional dividend of RM189.6 million, totaling RM464.4 million for the first half. CEO Adrian Ong emphasized the dividend as a reflection of the company's confidence in its financial strength and commitment to shareholder returns. The stock closed at RM1.52, valuing the company at RM14.41 billion.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
