Kimly Limited has reported earnings of $33.3 million for the full year 2025 ended Sept 30, up 0.4% y-o-y.
The Catalist-listed coffee shop operator reported a 0.9% y-o-y increase in revenue for FY2025 to $322.1 million.
Gross profit for the full year came in 3.8% y-o-y higher at $94.1 million, resulting in a gross profit margin increase of 0.8 percentage points (ppts) of 29.2%.
Kimly said that its revenue increase was driven by higher contributions from the outlet management division and outlet investment business division.
The improvement in both divisions stemmed from the opening of one coffee shop, one food court and one industrial canteen in FY2024, as well as the addition of three coffee shops and one drink stall in FY2025.
The group also notes that the increase in revenue from cleaning services, driven by the securing of new cleaning contracts, also contributed to the division’s revenue growth. This was partially offset by the closure of a coffee shop and an industrial canteen in FY2024, as well as lower contributions from existing coffee shops.
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Kimly’s food retail division registered a revenue drop of $2.2 million bringing revenue to $182.8 million in FY2025, due to lower contributions from existing food stalls and outlets and the closure of eight underperforming food stalls and one restaurant in FY2024.
Kimly has proposed a final dividend of 1 cent per share. Together with the interim dividend of 1 cent declared in May, the total dividend payout for FY2025 is 2 cents, representing a payout ratio of 74.8% of earnings.
The group generated $85.3 million in net cash from operating activities in FY2025 as compared to $87.7 million in FY2024.
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As at Sept 30, Kimly had $68.1 million in cash and cash equivalents.
Shares in Kimly closed flat at 38.5 cents on Nov 25.
