This comes on the back of a 9.9% gain in revenue to $1.57 billion from $1.43 billion a year ago. This growth was primarily driven by the opening of 12 new stores in FY2025 and six comparable new stores opened in FY2024 in Singapore, as well as the improved performance of the existing stores.
Analysts are positive on Sheng Siong for this year, but believe that growth has been mostly priced in. This view comes on the back of the supermarket operator on Feb 27 announcing its FY2025 ended Dec 31, 2025, results.
To recap, Sheng Siong’s FY2025 earnings had increased by 8.7% y-o-y to $149.5 million from $137.5 million.
