Kimly’s net profit down by 15.6% to $14.8m in H1 2025

The group has declared an interim dividend of $0.01 per share.

Kimly’s net profit attributable to the owners of the company decreased by 15.6% to $14.8m in H1 2025.

According to a bourse filing, the decrease was attributed to the payment of the final dividend of $12.4m in February and the purchase of a coffee shop property located at Block 204 Serangoon Central for $12.5m (net of prepayment made in FY2024) in March 2025.

However, the group’s revenue increased by 0.5% to $159.3m in H1 2025, driven by higher contributions from the Outlet Management division.

The increase was supported by the opening of one coffee shop, one food court, and one industrial canteen in FY2024, as well as the addition of another coffee shop in H1 2025.

The food retail division’s revenue declined to $90.6m in H1 2025, attributed to lower contributions from existing food stalls and outlets, the closure of eight underperforming food stalls and one restaurant in FY2024, as well as an additional four underperforming stalls in H1 2025.

However, the impact was partially mitigated by the opening of 11 new stalls and outlets in FY2024, along with eight more in H1 2025.

Gross profit fell by 0.8% to $43.8m, with the gross profit margin narrowing by 0.3 percentage points to 27.5%.

The group has declared an interim dividend of $0.01 per share.

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