Jumbo Group has reported lower earnings of $8.7 million for the FY2025 ended Sept 30, down 36.6% y-o-y.
For the full year, the group’s revenue declined marginally by 0.1% y-o-y to $190.3 million. The group says that its performance reflects overall stability despite a challenging operating environment.
Incremental contributions from newly opened outlets helped cushion the impact of market headwinds, while the group continued to optimise its portfolio and strengthen brand presence.
Its operations in the People’s Republic of China saw signs of recovery in 2HFY2025, even as one outlet was closed and another underwent two months of refurbishment.
Net profit for FY2025 registered a significant y-o-y decline due to higher operating costs in the latter part of the financial year. These costs included wage adjustments coupled with increased headcount to support new outlets and higher marketing expenses.
In addition, the group incurred higher right-of-use (ROU) depreciation and interest expenses arising from new leases for three outlets – including one yet to commence operations – as well as its new corporate office and central kitchen facilities.
See also: Coliwoo reports FY2025 earnings of $15 mil, 51.4% lower y-o-y
The board of directors of Jumbo Group has recommended a final tax-exempt dividend of 0.25 cents per share, and a special tax-exempt dividend of 0.5 cents per share for FY2025. This brings the total dividend for the full year declared to 1.25 cents per share.
Shares in Jumbo Group closed flat at 28 cents on Nov 26.
