Sheng Siong Group, one of Singapore’s largest supermarket chains, reported an 8.5% increase in net profit for the financial year 2025, reaching S$149.2m. This growth was driven by a 9.9% rise in revenue, which totalled S$1.57b, attributed to the opening of 12 new stores and enhanced performance at existing locations.
The group’s gross profit also saw a significant increase of 12.9%, amounting to S$491.6m, with a gross profit margin improvement of 0.8 percentage points to 31.3%. This was largely due to a better sales mix amidst rising operational costs. However, other income decreased by 16.5% to S$16m, primarily due to reduced grants and exchange gains.
Administrative expenses rose by 5.1% to S$61.5m, whilst selling and distribution costs increased by 14.3% to S$270.4m, reflecting higher staff costs and professional fees. Despite these expenses, the company generated S$236.6 million in cash flow from operations, marking an 8.1% year-on-year increase.
Looking ahead, Sheng Siong plans to open a new store at Rivervale Crescent in Q3 2026 and is awaiting tender results for additional locations. The company remains focused on expanding its store network and enhancing its product offerings. CEO Lim Hock Chee stated, “Our commitment to provide quality products at affordable prices has continued to resonate with consumers.” The proposed final dividend for FY2025 is 3.80 cents per share, bringing the total dividend to 7.00 cents per share.
