Duty Free International Limited (DFIL) 2Q FY2026 Results – Strong Turnaround Driven by Revenue Growth and Lower Forex Loss
Link: https://links.sgx.com/1.0.0/corporate-announcements/ZL88E26J8NRL7HWA/3765d882f14ee10f5621ce406873fe4c6c3cd10c69aa8e0dc2758ede26529365
Summary:
-
Group revenue for 2Q FY2026 rose 14.5% to RM42.6 million, mainly driven by increased customer demand.
-
Despite higher costs, profit before tax surged to RM4.2 million (from a RM2.4 million loss in 2Q FY2025), and post-tax profit reached RM2.6 million (from a RM3.2 million loss).
-
Six-month period ended 31 August 2025 saw RM74.8 million revenue (down 0.9%), but profit before tax rebounded to RM6.4 million from a RM0.2 million loss last year due to much lower unrealised foreign exchange losses and lower staff costs.
-
Other income declined year-on-year due to lower interest received and absence of last year’s one-off lease modification gain.
-
Net asset value per share stands at 31.04 sen end-August 2025, nearly stable from February.
-
Cash and bank balances remain robust at RM230.4 million, with strong liquidity.
-
DFIL continues strategic diversification, including an automotive components acquisition awaiting shareholder approval in October 2025.
-
Group outlook highlights prudent cost management and operational resilience after the closure of a major retail outlet last year.