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KUALA LUMPUR, May 2026 — 99 Speed Mart Retail Holdings Bhd started its financial year on a stronger note after recording a higher net profit of RM188.56 million for the first quarter ended March 31, 2026, compared with RM144.90 million in the same quarter last year.
The improved quarterly performance highlights the continued strength of Malaysia’s largest minimarket chain, supported by resilient demand for daily necessities, a growing store network and better operating efficiency. The company’s first-quarter revenue rose to RM3.07 billion, compared with RM2.61 billion in the corresponding quarter of 2025.
According to the company, revenue growth was mainly driven by the continued expansion of its outlet network. 99 Speed Mart added 253 outlets year-on-year, bringing its total number of stores to 3,086 outlets as of March 31, 2026.
The group also benefited from earlier operating hours nationwide, with stores opening from 9am instead of 10am. This helped increase customer traffic and total sales transactions, which rose 18% to 141.1 million during the quarter. Despite the higher tranRM21.70.
Profit growth was also supported by a better product mix, especially from non-essential products, as well as lower utility costs and improved operational efficiency. The company said energy-saving efforts, including solar panel installation and lighting optimisation across outlets, contributed to stronger cost management.
Founder and chief executive officer Lee Thiam Wah said the group’s operations continued to benefit from resilient consumer demand as 99 Speed Mart provides affordable daily necessities and accessible services to customers nationwide under its “Near ‘n Save” business approach.
The company also said it is broadening its product offerings across outlets, including selected small electrical appliances, to provide greater convenience and meet evolving customer needs. This strategy is expected to strengthen its position in the Malaysian retail market as consumers continue to look for value, convenience and affordability.
To maintain customer appeal, 99 Speed Mart said it will continue strengthening its “four items for RM10” promotional campaign while further enhancing the 99 Bulksales platform. These initiatives are aimed at offering better value to customers at a time when many consumers are becoming more price-conscious.
The board of directors also declared a first interim dividend of 2.25 sen per ordinary share, amounting to an estimated payout of about RM189 million. The entitlement date is June 5, 2026, while payment is scheduled for June 16, 2026.
Looking ahead, 99 Speed Mart expects demand for essential items to remain stable, supported by daily necessities consumption and relatively contained inflation. However, the group noted that external factors such as global commodity price fluctuations and logistics costs could remain potential headwinds.
The latest result reinforces 99 Speed Mart’s position as one of Malaysia’s key retail players, particularly in the minimarket segment. Its strong outlet growth, stable customer spending and focus on operational efficiency suggest the company remains well-positioned to capture demand from value-conscious consumers.
With more than 3,000 outlets nationwide, 99 Speed Mart’s performance also reflects the growing importance of convenience retail in Malaysia. As shoppers continue to prioritise affordability and accessibility, the group’s store expansion and cost-saving measures are expected to remain key drivers of its long-term growth.
99 Speed Mart recorded a stronger net profit of RM188.56 million in Q1 2026, supported by outlet expansion, higher customer transactions and improved operational efficiency. The minimarket chain now operates 3,086 outlets nationwide, reinforcing its position as one of Malaysia’s leading retail players.
