MR D.I.Y. rewards shareholders with RM464.4m dividend for 1HFY2026

 

MR D.I.Y. Group (M) Bhd, Malaysia’s largest home improvement retailer, has declared RM312.8 mil in dividends for the second quarter ended June 30, 2026 (2QFY2026), bringing total dividends for the first half of the financial year (1HFY2026) to RM464.4 mil.

The latest payout comprises a second interim dividend of RM123.2 mil and an additional interim dividend of RM189.6 mil.

MR D.I.Y. chief executive officer Adrian Ong said the payouts reflected the group’s confidence in its long-term financial strength and commitment to sustainable shareholder returns.

“Supported by strong operating cash flows and a healthy financial position, we remain well placed to reward shareholders while continuing to invest in our long-term growth priorities,” he said.

Revenue rose to RM2.6 bil in 1HFY2026 and RM1.3 bil in 2QFY2026, driven mainly by contributions from new stores.

Transaction volumes increased 9.8% year-on-year (y-o-y) to 106.2 million in 1HFY2026, while 2QFY2026 transaction volumes rose 7.3% y-o-y to 52 million.

The group’s store network expanded 7.2% y-o-y to 1,610 stores.

To strengthen customer engagement and encourage repeat purchases, MR D.I.Y. also introduced MR.DIY Club, its first loyalty programme, offering rewards on everyday spending and allowing family members to accumulate and share points.

Its Family Account feature allows up to five members to link their memberships and combine points under one shared account.

The group said insights from the programme would help it better understand changing customer needs and enhance its products, benefits and shopping experience.

Gross profit rose 7% y-o-y to RM1.3 bil in 1HFY2026 and 2.9% y-o-y to RM596.2 mil in 2QFY2026, supported by higher revenue.

Gross profit margin for 2QFY2026 remained broadly stable at 47.4%, as lower import costs from the stronger ringgit offset the impact of targeted promotional campaigns.

However, profit after tax (PAT) declined 1.9% y-o-y to RM326.4 mil in 1HFY2026 and 15.2% y-o-y to RM134.4 mil in 2QFY2026.

The decline was mainly due to higher staff, utility and depreciation costs associated with the expanded store network, as well as the sales and service tax (SST) imposed on rental expenses from July 2025.

The RM464.4 mil total dividend for 1HFY2026 represents a 69.2% increase from the previous year and a cumulative payout ratio of 142.3%.

Based on total dividends of 10 sen per share over the trailing four quarters, including the 2QFY2026 dividend, the group said this translates into a dividend yield of 6.6%, based on its closing share price of RM1.52. ‒  Focus Malaysia