99 Speed Mart's net profits increased 13pct on outlet network expansion
KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd recorded a net profit of RM163.95 million in the second quarter of financial year 2026 (Q2 FY26), up 13.4 per cent from RM144.63 million a year earlier.
In the second quarter of financial year 2026, 99 Speed Mart Retail Holdings Bhd reported a 13.4% increase in net profit, reaching RM163.95 million. The higher profit was attributed to the continued expansion of the outlet network and earlier opening hours, which boosted customer traffic. Revenue for the quarter grew by 13.6% to RM3.1 billion.
For the first half of the year, net profit surged by 21.8% to RM352.5 million, while revenue increased by 15.5% to RM6.14 billion. Founder and CEO Lee Thiam Wah expressed optimism about the company's growth momentum. He highlighted the group's focus on operational efficiency, noting that energy-saving initiatives and equipment have led to lower utility costs and improved cost efficiency.
As the outlet network continues to expand, Lee emphasized the commitment to strengthening the supply chain to support operational efficiency. In July 2026, the company commenced operations at a new distribution centre in Semenyih, which will serve approximately 180 outlets in the Semenyih region.
As of June 30, 2026, 99 Speed Mart operated 3,151 outlets, marking a net increase of 257 outlets year-on-year. The convenience store operator is also broadening its product offerings, following a positive response to its selected home appliance range. These products are now available at all outlets nationwide and through the 99 Bulksales platform, catering to corporate and bulk-purchase customers.
The introduction of installment payment options via banking partners aims to enhance convenience and affordability, while creating new growth opportunities for the company.
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