Sheng Siong Group has reported a 12% increase in net profit, reaching S$43.8m for the third quarter of the financial year 2025. This growth is attributed to a 14.4% rise in revenue, totalling S$415.5m, driven by the opening of new stores and enhanced comparable same-store sales. The company also noted a slight improvement in its gross profit margin, which increased by 0.2 percentage points to 31.5%.
The supermarket chain opened four new stores in the third quarter, including a location at Blk 221 Mount Vernon Rd in October. Another store is slated to open at Leisure Park Kallang in the fourth quarter. This expansion is part of Sheng Siong’s strategy to increase its retail footprint, particularly in Singapore’s housing estates.
Despite the positive financial results, the company faces challenges in the competitive supermarket industry, including aggressive promotions and rising operational expenses. Sheng Siong plans to address these challenges by enhancing efficiency and productivity through technology and supply chain diversification.
Looking ahead, the group aims to continue its expansion, with plans to open at least three new stores annually. Additionally, a new distribution centre at Sungei Kadut is expected to support up to 120 supermarkets, providing a foundation for further growth. In China, Sheng Siong’s operations contributed 2.5% to total revenue for the first nine months of FY2025, with ongoing efforts to improve operational efficiency and sales mix.
