Kimly’s net profit rises 10.6% to $16.4m in H1 FY2026

Revenue inched up on stronger contributions from its outlet management and investment divisions.

Kimly’s net profit attributable to owners rose 10.6% YoY to $16.4m in H1 FY2026, supported by higher revenue and improved margins.

Revenue increased 1.3% to $161.4m from $159.3m in H1 FY2025, mainly due to higher contributions from its Outlet Management Division and Outlet Investment Business Division.

The Outlet Management Division recorded revenue of $66.5m, up from $65.2m a year earlier, whilst the Outlet Investment Business Division rose to $5.1m from $3.5m.

Kimly’s Food Retail Division revenue fell by $700,000 to $89.8m, mainly due to lower contributions from existing food stalls and the closure of eight underperforming stalls in FY2025 and another seven in H1 FY2026.

Gross profit rose 4.2% to $45.6m, whilst gross profit margin improved to 28.3% from 27.5%. The improvement came despite higher employee benefit expenses from increased headcount and salary adjustments under the Progressive Wage Model, as well as higher depreciation of right-of-use assets.

Earnings before interest, taxes, depreciation, and amortization rose 7.8% to $48.9m from $45.4m. The group generated $41.2m in net cash from operating activities, compared with $36.6m a year earlier. Cash and cash equivalents stood at $65.1m as at 31 March 2026.

The company declared an interim dividend of $0.01 per share.

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