SELANGOR: 99 Speed Mart Retail Holdings Berhad (“99 Holdings”), the operator of Malaysia’s largest home-grown minimarket chain, has reported another resilient quarter as its expansion strategy and affordability initiatives continue to gain traction.
For the second quarter of its financial year ending 31 December 2025 (“Q2FYE2025”), the Company achieved revenue of RM2.7 billion, representing an 11.9% year-on-year increase. Profit before tax rose nearly 20% to RM203.0 million, while profit after tax climbed 22.0% to RM153.2 million.
Growth was supported by 248 net new outlets, lifting the nationwide store count to 2,894 as of 30 June 2025, compared to 2,646 a year earlier. The larger network helped push total transactions up 13.2% to 128.9 million during the quarter, with an average basket size of RM21.
Momentum in First Half Performance
Across the first half of the year (“1HFYE2025”), 99 Holdings delivered RM5.3 billion in revenue, up 9.8% year-on-year. Profits also improved, with PBT rising 13.0% to RM393.2 million and PAT up 14.6% to RM296.4 million.
Transaction volume for the six months reached 248.4 million, while the Company’s e-commerce platform continued to scale, recording RM27.8 million in revenue contribution, compared with only RM6.4 million a year earlier.
Everyday Value Strategy
One of the highlights of the period was the launch of the “4 items for RM10” series, which has been rolled out nationwide. This initiative is supported by the introduction of Everyday Value Zones across all outlets, offering at least 40 curated products across essential categories to help households stretch their budgets.
The Group also reported that its 99 Bulksales arm has expanded into the East Coast, contributing an additional RM21.4 million in revenue during the first half of the year.
Founder and Chief Executive Officer Lee Thiam Wah said the results reflect both scale and execution discipline:
“We are pleased to deliver another set of robust financial results, underpinned by our consistent expansion strategy and our focus on enhancing shopper experience through greater convenience and accessibility. We currently operate 2,894 outlets, with all outlets now opening from 9 in the morning to serve more customers.
As part of our long-term value strategy, we have rolled out the enduring ‘4 items for RM10’ series nationwide, with dedicated Everyday Value Zones in our stores featuring at least 40 curated products across key categories to offer greater value and support cost-conscious households in managing their daily needs. We believe this series not only resonates with the shopping habits of certain customers but also encourages overall spending. Looking ahead, we remain optimistic in our sustainable growth trajectory, supported by ongoing footprint expansion and innovative retail programmes designed to meet the evolving needs of our customers.”
Retail Growth Outlook
Despite a challenging consumer environment, 99 Holdings’ model of scale, affordability, and consistent store rollout has enabled the Company to post steady growth. With nearly 2,900 outlets and a strengthening e-commerce channel, the Group continues to reinforce its position as a key player in Malaysia’s retail landscape.
