Duty Free International (DFI) has reported a 96.5% y-o-y decrease in earnings for the 3QFY2026 ended Nov 30, 2025 of RM1.47 million ($470,000).

 

For 9MFY2026, earnings declined 86.2% y-o-y to RM5.5 million.

 

Revenue for the 3MFY2026 and 9MFY2026 period came in 40.6% y-o-y higher at RM57.9 million and 13.7% y-o-y higher at RM132.7 million.

 

The decrease in earnings was primarily due to the absence of one-off compensation received from the Compulsory Land Acquisition in the current period. The group received compensation for two land lots that it owns under its wholly owned subsidiaries Cergasjaya and Cergasjaya Properties in the previous reporting period.

 

The growth in revenue was mainly contributed from the United Industries Group (UIG) which was acquired last October, partly offset by decrease in revenue from the trading of duty free goods and non-dutiable merchandise (Duty Free) segment as compared with the corresponding quarter of the previous financial year.

 

DFI generated a higher net cash inflow from operating activities of RM54.2 million in 3QFY2026, primarily driven by higher revenue-related cash inflows and lower net cash utilised for working capital.

 

The group anticipates that the retail business environment that it operates in will remain challenging throughout the financial year 2026.

 

This is largely due to rising product and operating costs, further compounded by persistent inflationary pressures and a notable shift in consumer spending behaviour toward a more prudent and conservative approach amid ongoing economic uncertainties.

 

Additionally, the closure of the Bukit Kayu Hitam outlet following the Compulsory Land Acquisition has had an adverse impact on the Group&rsquo s revenue and profitability.

No dividend has been declared.

Revenue for the quarter is up 14.5% at RM42.6 million amid stronger customer demand

 

[SINGAPORE] Malaysian retail group   Duty Free International   : 5SO +2.41% reported on Tuesday (Oct 7) a net profit of RM2.6 million (S$798,200) for its second quarter ended Aug 31.

 

This marks a reversal from the net loss of RM3.2 million that the group posted for Q2 FY2025.

 

Mainboard-listed Duty Free International operates duty-free retail outlets across Malaysia. 

 

The group attributed its higher net profit for Q2 FY2026 to a rise in revenue, by 14.5 per cent year on year to RM42.6 million.

 

It said the revenue growth came on the back of &ldquo increased customer demand&rdquo , adding that this partially offset the impact of a retail outlet&rsquo s closure at Bukit Kayu Hitam in Kedah, Malaysia, following a compulsory land acquisition.

 

Duty Free International also pointed to its lower net foreign-exchange losses, at RM14.3 million, compared with RM93.5 million a year earlier. It noted that most foreign currencies it had held were converted into ringgit during FY2025, thereby &ldquo reducing the impact of foreign currency translation differences&rdquo in Q2 FY2026.

 

The group&rsquo s earnings per share for Q2 FY2026 stood at 0.22 sen, compared with a loss per share of 0.27 sen for the same period a year earlier. No dividend was declared. 

 

For the six months ended Aug 31, 2025, Duty Free International posted a net profit of RM4 million, swinging back into the black after a RM1.9 million net loss in the previous corresponding half-year. 

 

Revenue for H1 FY2026 fell by 0.9 per cent to RM74.8 million, from RM75.5 million the previous year.

SINGAPORE (Jan 10): Duty Free International (DFI) saw its earnings plunge 84.7% to RM 3.3 million ($1.1 million) for the third quarter ended November 2017, down from RM 21.2 million a year ago.

This was mainly due to a net loss of RM 7.5 million in foreign exchange in 3Q18, compared to a net foreign exchange gain of RM 9.6 million a year ago, as a result of the strengthening of the Malaysian ringgit against the Singapore dollar and US dollar.

Revenue in 3Q18 was stable at RM 133.5 million, up marginally from RM 133.0 million a year ago. The improvement was mainly due to increase in demand for certain products and sales mix.

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As at end November 2017, cash and cash equivalents stood at RM 267.6 million.

DFI has declared an interim dividend of 1 cent per share for the period, which will be paid on Mar 6, 2018.

This is 20% lower than the interim dividend of 1.25 cent per share paid in the corresponding period a year ago.

Looking ahead, DFI says the retail industry it operates in is expected to continue to remain challenging given the current economic conditions, a volatile US dollar versus Malaysian ringgit exchange rate, coupled with a competitive business environment and weak consumer sentiment.

It adds that it will continue its efforts in managing risks prudently as well as improving operational efficiency and cost control measures so as to remain competitive and profitable in the remaining quarter of FY18.

Shares of Duty Free International closed flat at 27.5 cents on Wednesday