DFI Retail Group Holdings Limited has released its Interim Management Statement for the first quarter of 2025, revealing a mixed performance amidst global economic uncertainties. The Group’s underlying subsidiary sales were 1% lower than the same period in 2024, with strong results in the Health and Beauty segment offset by weaker performance in other divisions. Despite these challenges, the Group reported a 28% increase in underlying profit, excluding divestments, compared to the previous year.
The Health and Beauty division experienced a 4% year-on-year increase in like-for-like (LFL) sales, driven by successful promotional campaigns and the introduction of a loyalty programme in Malaysia. Conversely, the Convenience division saw a 6% decline in LFL sales due to a cigarette tax increase in Hong Kong. The Food division’s LFL sales were slightly below the previous year, although profitability improved by 14% year-on-year.
DFI Retail Group continues to focus on high-growth, high-margin businesses, recently announcing the divestment of its Singapore Food business for approximately $93m. This move aligns with the Group’s strategy to strengthen its balance sheet and invest in growth areas such as Guardian and 7-Eleven in Singapore.
Looking ahead, the Group remains committed to expanding its market share through a robust value proposition and enhanced omnichannel presence. It maintains its full-year profit guidance of between $230m and $270m, supported by an anticipated 2% organic revenue growth.
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