Link: https://links.sgx.com/1.0.0/corporate-announcements/IXSKE65L5JLWAOR9/8cb79e6c04acc0129d1f934aa217edb6a291e4092a95dc58264250fe913131b1

Summary:

• Net profit for 3Q FY2025 rose 12.0% year-on-year to S$43.8 million as revenue surged 14.4% to S$415.5 million, led by new stores and higher comparable same-store sales.

• Gross profit grew 15.2% year-on-year to S$131.1 million; gross margin improved to 31.5%.

• Group opened four new stores in 3Q FY2025 plus one more in October, bringing total to 90 stores; plan for further expansion with new distribution centre supporting up to 120 supermarkets.

• Comparable same-store sales increased 4.4% year-on-year.

• Operating cash flow jumped 50.6% year-on-year to S$89.0 million, ending 3Q with S$393.7 million in cash.

• Group remains cautiously optimistic despite intense competition, navigating high labour and regulatory costs, and prioritises expansion into under-served areas.