In line with revenue, gross profit grew 12.9% to $491.6 million for FY2025 with a 0.8 ppts increase in gross margin to 31.3%. This was primarily attributed to the improvement in sales mix while navigating the rising business operation costs.
Local supermarket operator Sheng Siong announced that its FY2025 ended Dec 31, 2025, earnings have increased by 8.7% y-o-y to $149.5 million from $137.5 million.
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.
