- DFI Retail (SGX:D01) reported its 1Q26 business update yesterday after market close, delivering underlying profit growth from continuing operations of 49% y-o-y.
- Performance was supported by strength across Convenience, Food, and Home Furnishing, alongside lower financing costs. Health & Beauty recorded 7% like-for-like sales growth, driven by higher transaction counts and increased basket sizes. However, profitability rose by just 2% y-o-y excluding the impact of cost reallocation and the closure of Mannings China, reflecting margin pressure from intensified competition in Malaysia and a higher mix of online sales via third-party marketplaces.
Segmental performance
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Home Furnishing also returned to 4% growth as its price reinvestment strategy gained traction, with profit excluding cost reallocation surging 50%.
- DFI Media turned profitable in 1Q26, while Maxim’s reported 4% revenue growth and 18% y-o-y profit growth on the back of effective cost optimisation.
Reaffirmed FY26 guidance
- Read more at SGinvestors.io.
