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.
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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’s revenue and profitability.
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No dividend has been declared.
Shares in DFI closed flat at 8.5 cents on Jan 13.
