DFI Retail Group has held its revenue steady at US$8.87 billion for FY2025. However, with the better sales mix and the divestments of loss-making stakes, the company has reported earnings of US$235 million for its FY2025, a stark turnaround from US$245 million in red ink in the preceding year.
Underlying profit attributable to shareholders, which DFI says is a more accurate measure of its ongoing business performance, was up 35% to US$270 million.
The company plans to pay a final dividend of 10.5 US cents per share. Coming on top of the bumper special dividend of 44.3 US cents and interim dividend of 3.5 US cents already paid, DFI will be paying a total of 58.3 US cents. In absolute terms, DFI will be returning US$740 million in total to its shareholders. In contrast, DFI paid a total of 10.5 US cents for FY2024.
“Effective execution of our strategy drove strong financial performance and higher shareholder returns in 2025, despite a challenging retail environment," says chairman Lincoln Pan.
"Our significant progress made in portfolio simplification creates investment capacity for strategic priorities, enabling greater value for our customers and accretive inorganic opportunities to drive sustainable growth and returns," says Pan, who is the newly-appointed CEO of Jardine Matheson, DFI's parent company.
Scott Price, DFI's CEO, is aiming for organic revenue growth of around 2-3% for this current FY2026, and underlying profit attributable to shareholders to be between US$270 million and US$300 million.
See also: Hongkong Land's underlying profit for FY2025 down 8%; earnings reach US$1.26 bil
As indicated in its investors' day last December, DFI is reiterating its goal to achieve US$310-350 million in underlying profit by 2028.
DFI Retail Group shares closed at US$4.14 on March 3, up 1.97% for the day, and up 87.33% in the past year.
