Berjaya Corporation Berhad (“BCorp” or “the Group”) recorded a revenue of RM2.19
billion and incurred a pre-tax loss of RM118.33 million for the current quarter ended 31 March 2026 as compared to a revenue of RM2.54 billion and pre-tax loss of RM8.88 million as reported in the corresponding quarter of the previous year.
PRESS RELEASE
BERJAYA CORPORATION BERHAD REPORTS RM2.19 BILLION REVENUE FOR Q3FY2026 ENDED 31 MARCH 2026
Date: 28 May 2026
Venue: Kuala Lumpur
For the 3rd Quarter ended 31 March 2026
Berjaya Corporation Berhad (“BCorp” or “the Group”) recorded a revenue of RM2.19 billion and incurred a pre-tax loss of RM118.33 million for the current quarter ended 31 March 2026 as compared to a revenue of RM2.54 billion and pre-tax loss of RM8.88 million as reported in the corresponding quarter of the previous year.
Berjaya Corporation Berhad (“BCorp” or “the Group”) recorded a revenue of RM2.19 billion and incurred a pre-tax loss of RM118.33 million for the current quarter ended 31 March 2026 as compared to a revenue of RM2.54 billion and pre-tax loss of RM8.88 million as reported in the corresponding quarter of the previous year.
The Group’s performance for the quarter under review was driven by the following business segments:
- Retail (Non-Food) business reported lower revenue, mainly attributed to lower sales
contribution from H.R. Owen Plc (“HR Owen”), arising from lower sales volume in both the
new and used car segments. The longer vehicle product life cycle, coupled with transition
gaps between new model launches, led to the poor sales performance. In addition, when
translated into Ringgit Malaysia, the revenue reduction was further impacted by
unfavourable foreign exchange translation effects.
The non-food retail business segment reported a lower pre-tax profit which was in line with
the drop in revenue, coupled with higher statutory employment costs arising from the
newly implemented United Kingdom (“UK”) labour regulations effective April 2025.
- Retail (Food) business reported an improvement in revenue, mainly attributed to the
contribution from the Group’s overseas operations, as well as higher revenue generated
from the Starbucks operations in Malaysia, notwithstanding a reduced number of operating stores. These improvements offset the lower revenue from the Kenny Rogers ROASTERS operations in Malaysia, which was mainly due to the continued closure of non-performing stores during the current financial quarter.
The food retail business reported a lower pre-tax loss, mainly due to improved profit margins arising from cost-saving initiatives, store rationalisation measures, as well as lower depreciation and amortisation charges following the impairment losses recognised
in the previous financial year.
- Property segment reported higher revenue for the current quarter, mainly due to higher progress billings from its projects at Residensi Oak, Bukit Jalil and Pangsapuri Azalea, Subang Heights. This was partially offset by lower sales of residential units from a local project in the current quarter under review.
The property segment’s pre-tax profit was primarily driven by the higher revenue, as reported.
- Hospitality segment reported a higher revenue, primarily attributed to higher overall occupancy rates in the current quarter and a lower pre-tax loss, in line with the higher revenue reported.
- Services segment recorded lower revenue, mainly due to lower revenue contributions from STM Lottery Sdn Bhd (“STM Lottery”) as previous year’s corresponding quarter benefitted from stronger sales driven by higher accumulated jackpot prizes from the Supreme Toto 6/58 game. Further, there was also a lower number of draws conducted in the current quarter (41 draws versus 42 draws). In addition, the lower revenue was reported by the telecommunications network services (“MTNS”) business. The decrease in MTNS revenue was mainly due to certain projects nearing the end of their deployment phase, with several projects having been completed in the previous financial year. The lower pre-tax profit reported by the services segment was mainly in line with the lower revenue from the gaming business operations and MTNS business for this current financial quarter.
For the 9-month period ended 31 March 2026
The Group registered a revenue of RM6.71 billion and incurred a pre-tax loss of RM81.72 million for the financial period ended 31 March 2026 as compared to a revenue of RM6.97 billion and a pre-tax loss of RM149.47 million reported in the previous year’s corresponding period.
The Group registered a revenue of RM6.71 billion and incurred a pre-tax loss of RM81.72 million for the financial period ended 31 March 2026 as compared to a revenue of RM6.97 billion and a pre-tax loss of RM149.47 million reported in the previous year’s corresponding period.
The Group’s performance during the 9-month period under review was contributed by the following business segments:
- Retail (non-food) business reported a decline in revenue primarily due to lower
contribution from HR Owen, arising from reduced sales volume in the new car segment.
The subdued performance of the new car sector was mainly attributed to extended vehicle
product life cycles, which continued to constrain the model mix and availability of new
models. In addition, customers remained cautious in their luxury spending amid prolonged
economic uncertainty. When translated into Ringgit Malaysia, the revenue decline was
further impacted by unfavourable foreign exchange translation effects.
Meanwhile, HR Owen recorded a pre-tax loss mainly due to lower sales, margin pressure, and higher operating expenses, particularly arising from increased statutory employment costs following the implementation of new UK labour regulations.
- Retail (food) business recorded a marginal increase in revenue, mainly attributed to the
factors mentioned in the third quarter.
Despite a marginal increase in revenue recorded by the food retail business, the pre-tax
loss decreased significantly, mainly due to improved profit margins arising from cost
saving initiatives and store rationalisation measures, as well as lower depreciation and
amortisation charges following impairment losses recognised in the previous financial year.
Property segment reported higher revenue for the current period, due to higher progress
billings from its projects at Residensi Oak, Bukit Jalil and Pangsapuri Azalea, Subang
Heights. This was partially offset by lower sales of residential units from a local project in
the current period under review. Additionally, the better performance of the property
segment was in line with the increase in revenue recorded in the current period.
- Hospitality segment reported a higher revenue mainly attributable to the higher overall
occupancy rate during the current period under review, while recording lower results due
to unrealised foreign exchange translation effects.
- Services segment reported a lower revenue contribution in the current period, primarily
due to relatively lower sales from STM Lottery, as the previous year’s corresponding
period benefitted from strong sales driven by higher accumulated jackpot prizes,
particularly from the Supreme Toto 6/58 game.
The services segment also recorded lower revenue contribution from MTNS business. The decline in MTNS revenue in the current period was mainly due to certain projects nearing completion of its deployment phase and also several projects were completed in the previous financial year.
In addition, the gaming business operated by STM Lottery reported a lower pre-tax profit, which was in line with the lower revenue recorded during the current period under review. Similarly, the MTNS business reported a lower pre-tax profit, mainly due to lower revenue and reduced gross profit contributed by MTNS business in the current period.
Future Prospects
Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of the average inflation rate despite the uncertainties arising from ongoing geo political tensions and conflicts, as well as the inflationary tariffs being imposed by the USA government. The Group will monitor the prevailing global and local political developments in the countries where the Group has business operations.
The performance of the domestic business segments of the Group is expected to improve on the back of strong consumer spending and improvement in tourism activities. As for the Number Forecast Operator (“NFO”) business, it is expected to continue to deliver growth in line with the popularity of its Jackpot and Digit games and continue its lead in terms of market share in the legalised NFO business sector.
Notwithstanding the aforesaid and barring any unforeseen circumstances, the Directors are cautiously optimistic that the performance of the business operations of the Group for the remaining quarter of the financial year ending 30 June 2026 to be satisfactory.
Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of the average inflation rate despite the uncertainties arising from ongoing geo political tensions and conflicts, as well as the inflationary tariffs being imposed by the USA government. The Group will monitor the prevailing global and local political developments in the countries where the Group has business operations.
The performance of the domestic business segments of the Group is expected to improve on the back of strong consumer spending and improvement in tourism activities. As for the Number Forecast Operator (“NFO”) business, it is expected to continue to deliver growth in line with the popularity of its Jackpot and Digit games and continue its lead in terms of market share in the legalised NFO business sector.
Notwithstanding the aforesaid and barring any unforeseen circumstances, the Directors are cautiously optimistic that the performance of the business operations of the Group for the remaining quarter of the financial year ending 30 June 2026 to be satisfactory.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.