Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Earnings per share up 11.9% at S$0.0291 for period, from S$0.026 in Q3 2024
[SINGAPORE] Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7 million in the third quarter ended Sep 30, from S$39.1 million in the same period last year.
In a bourse filing on Thursday (Oct 30), the supermarket operator said that its revenue for the quarter was S$415.5 million, which was 14.4 per cent higher than the S$363.2 million in Q3 2024.
This was mainly driven by an increase in the number of stores – 90 in the recent Q3, compared with 79 in the Q3 of last year. Also, comparable same-store sales improved by 4.4 per cent on the year.
Gross profit increased 15.2 per cent to S$131.1 million in Q3 2025, from S$113.8 million in the previous corresponding period. The gross profit margin improved to 31.5 per cent, compared with 31.3 per cent in the previous Q3. This was mainly due to continual improvements in the sales mix.
Earnings per share increased 11.9 per cent to S$0.0291 in Q3 2025 from S$0.026 in Q3 2024.
The company expects grocery demand to remain resilient. Singapore’s retail sales index rose 5.2 per cent year on year in August, with sales in supermarkets and hypermarkets up 8.7 per cent.
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Consumer spending in supermarkets and heartland shops continue to be supported by CDC and SG60 vouchers, said Sheng Siong, but noted that competition remains intense and may put pressure on margins.
In September, the group leased a new site in Sungei Kadut to establish a distribution centre with the capacity to support 120 supermarkets. It opened four stores in Q3 and one in October, bringing the store count in Singapore to 85.
Lim Hock Chee, chief executive officer of Sheng Siong, said: “Looking ahead, we will continue to prioritise expansion in areas where the group has limited presence, to extend our reach to customers and deliver sustainable value to our shareholders.”
Shares of Sheng Siong closed down 0.9 per cent or S$0.02 at S$2.28 on Thursday.
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