DFI Retail Group Holdings Limited 2024 Preliminary Announcement of Results

Highlights

• 30% growth in hidden income to US$ 201 million
• Health and Beauty provided a gradual effectivity
• Convenience noticed stable income growth due to helpful merchandise combine
• Food income enhanced, pushed by appreciable Singapore Food income recuperation
• Portfolio simplification proceeded higher with Yonghui and Hero Supermarket divestments
• Net money cash placement attained in February 2025 with conclusion of Yonghui sale
• Final reward individuals cents 7.00 per share

“Effective strategy execution led to strong underlying profit growth in 2024, despite a challenging retail environment. We aim to remain relevant to consumers and to increase market share further, by evolving our offering through leveraging data and expanding our omnichannel presence. We are well-positioned for sustainable growth and increased shareholder returns over the mid-term.”

John Witt
Chairman

INITIAL STATEMENT OF OUTCOMES
FOR THE YEAR FINISHED 31 DECEMBER 20 24

EFFICIENCY
I enjoyment of to report that DFI Retail Group (‘ DFI’ or the Group) provided a considerably enhanced underlying effectivity and a very good partial recuperation in result in 2024, despite a troublesome retail setting. For the entire yr, underlying income attributable to buyers gotten to US$ 201 million, a 30% rise from the earlier yr.

Our assorted profile and environment friendly practical implementation allowed us to acquire market share all through important firms, additionally as we handled adjustments in buyer conduct and macroeconomic headwinds. Profit growth was pushed by higher income in Food and Convenience, sustained by growth in digital networks. We are sure that the Group’s brand-new approach will definitely drive extra income growth within the coming years, and are particularly optimistic in regards to the growth potential prospects for our Health and Beauty service, which stands for 55% of the Group’s total working income. We moreover see stable growth prospects in our Convenience service. Our numerous different firms stay to come across obstacles, nevertheless we’re sure within the capability of DFI’s aged administration group to browse non permanent unpredictabilities, progress the profile and purchase reinforcing our core firms to drive lasting growth in investor value.

The Board suggests a final reward for 2024 individuals cents 7.00 per share (2023 final reward: United States cents 5.00).

TACTICAL EMPHASIZES
Under the certified administration of our Group Chief Executive, Scott Price, we now have really made appreciable strides in executing our tactical construction, which centres round 3 core columns:

Customer First
Across our service, we now have a steady dedication to putting our customers initially, and we now have really made appreciable development to much better supply them over the earlier yr. The yuu Rewards dedication program stays to reinforce, with a big rise in contributors and the enhancement of a wide range of extra companions. We have really moreover began using our unique client data to enhance our merchandise selection and overhaul our Own Brand and digital methods. We are driving an additional clear and joint technique to our preparations with suppliers, leading to a much better consequence for customers. As properly as much better providing our customers, these initiatives intend to bolster market share growth and enhance margins all through our firms.

People Led
We have really improved our organisation framework over the earlier yr. Our brand-new aged administration group, with its deep market know-how, shares a imaginative and prescient for tactical growth and practical high quality. Key consultations all through enterprise have really enhanced our potential to drive these efforts onward, and we now have really decreased durations and layers throughout the organisation to reinforce procedures and speed up decision-making. Diversity all through our service has really moreover enhanced dramatically.

Shareholder Driven
In positioning with our tactical and sources allotment issues, we remained to streamline the Group’s profile and unloaded our Hero Supermarket service and monetary funding inYonghui Superstores

Following the disposal of Hero Supermarket, the Guardian and IKEA firms will definitely be our emphasis in Indonesia and we’re sure within the lasting potential prospects for these 2 firms to spice up market share because the Indonesian market expands. These disposals allow us to reinvest in our subsidiaries’ growth, deleverage our annual report and increase total investor returns.

Sustainability continues to be on prime of our schedule, and we’re working collectively very carefully with our stakeholders and establishing enthusiastic targets all through enterprise. There was stable development in 2024 versus the Group’s sustainability approach in areas consisting of discharges lower and waste diversion. Our initiatives had been acknowledged in renovations in our ESG scores, consisting of a substantial enhancement within the Group’s S&PGlobal Corporate Sustainability Assessment We will definitely stay to promote and drive lasting service methods in our end-to-end value chain.

ADMINISTRATION AND INDIVIDUALS
The Board and its Committees, and aged administration group, with one another play a significant responsibility in supplying versus our issues. The environment friendly implementation of our approach relies upon upon glorious high quality dialogue across the convention room desk, with stable funds from allDirectors

There have really been a wide range of appreciable Board and govt administration modifications as a result of the start of 2024:

– In July, I prospered Ben Keswick asChairman On a part of the Board, I need to reveal our appreciation to Ben for his 11 years of answer asChairman

– I moreover need to say because of Adam Keswick for his fee to the Board and Nominations Committee as he suggestions down.

– We invited Elaine Chang to the Board as an Independent Non-Executive Director and Graham Baker as a Non-Executive Director Elaine has thirty years of administration expertise all through markets similar to semiconductors, digital net content material, ecommerce, cloud laptop and professional system, and her know-how in leveraging trendy know-how to drive growth will considerably revenue theGroup

– Christian Nothhaft was assigned as a participant of the Remuneration andNominations Committees

– Tom van der Lee took management of as Group Chief Financial Officer fromClem Constantine We say because of Clem for his appreciable fee, significantly all through the pandemic and in reinforcing the Group’s financial placement. Tom, that signed up with DFI in 2016, brings a riches of expertise from his quite a few aged financial duties throughout the organisation.

– Sean Ward prospered Jonathan Lloyd as our Company Secretary in December 2024. I intend to say because of Jonathan for his years of valued answer.

POTENTIAL CUSTOMERS
We are happy by the Group’s stable hidden income growth in 2024, despite a troublesome retail background, supplying motivating very early help for our brand-new approach. We goal to settle our placement in markets similar to Hong Kong the place we now have stable firms, whereas at the very same time intending to achieve lasting growth as we broaden important firms similar to Health and Beauty andConvenience

By advancing our choices by way of data-driven understandings and growing our omnichannel existence, we will definitely keep acceptable to prospects and proceed recording market share. Our deleveraged annual report and tactical efforts place us properly for lasting growth and raised investor returns within the years to search out.

I have to similar to to disclose my gratitude to our buyers, our valued companions and to the larger neighborhood on your ongoing help. Most of all, many thanks should almost certainly to our employees member, which might be important to our success, for his or her outstanding job and unwavering dedication all through the earlier yr, despite powerful market issues.

John Witt
Chairman

TEAM PRESIDENT’S TESTIMONIAL

INTRO
As I assess my very first full yr as DFI’s Group Chief Executive, I’m exceptionally happy with the appreciable development we now have really made implementing abreast to our tactical construction: Customer First, People Led,Shareholder Driven

Despite the powerful macroeconomic background, we confirmed sturdiness in our service effectivity, reporting hidden income attributable to buyers of US$ 201 million in 2024, up 30% year-on-year. During the yr, we launched the divestment of our minority danger in Yonghui, a purchase order that strains up with our tactical and sources allotment construction and permits us to reinvest sooner or later growth of our subsidiary firms. While our reported outcomes had been affected by one-off merchandise, consisting of cheap value loss, issues of fairness price of curiosity and a superb popularity, we now have really remained to dramatically deleverage our annual report with an web money cash placement complying with the conclusion of the Yonghui buy in February 2025.

As we head proper into the brand-new fiscal yr, we keep laser targeting performing our tactical issues to drive earnings growth and enhance earnings. Our 2025 financial recommendation of US$ 230 million to US$ 270 million hidden income attributable to buyers, reveals our self-confidence in additional construction on our vitality and supplying larger value for our stakeholders.

TACTICAL STRUCTURE– SECRET DEVELOPMENT
We created our tactical construction of Customer First, People Led, Shareholder Driven within the 2nd fifty p.c of 2023 to guide the Group’s sources allotment issues and growth methods over the approaching years. I’m each blissful and happy with the development made by the group over the earlier twelve month in implementing on this construction.

Customer First
I stay to see value unlock all through our distinctively assorted firms all throughAsia We are blissful to supply numerous customers in quite a few kinds and banners with nearly 11,000 electrical shops all through 13 markets inAsia What stands aside is our recurring dedication to putting our customers initially and providing with enthusiasm and therapy. Our perform has really consistently turn into a part of that we’re. During the yr, we launched our DFI perform to precise it in a way that joins our organisation, which is to Sustainably Serve Asia for Generations withEveryday Moments This declaration emphasizes our dedication to fulfilling the day-to-day necessities of our customers all through Asia, whereas stressing their passions in lasting choices.

Aligned with our perform, we now have really made appreciable development in a wide range of areas to significantly better supply our customers over the earlier yr.

yuu Rewards
Our yuu Rewards union dedication program stays to reinforce. In our dwelling market of Hong Kong, total contributors have really gotten to five.3 million with over 3 million common month-to-month energetic contributors. The energetic use acquisitions all through all our kinds, eating institutions and companions develops appreciable amount of distinct data understandings. In 2024, the yuu Rewards program in Hong Kong included a wide range of added companions consisting of Starbucks and FWDInsurance Our contributors have really concerned all through a spread of redemption gives that combine brand-new touring, enjoyment and consuming selections, driving improved client interplay.

In Singapore, the yuu Rewards program has really expanded to over 1.8 million contributors. A wide range of brand-new companions signed up with this system all year long consisting of Suntec City andSingapore Airlines

Improving selection
We are at present leveraging our extensive yuu Rewards client data to spice up selection in our retailers. At Wellcome, we now have really leveraged our unique data and progressive data analytics capacities to implement a reset of 14 classifications in retailers. The enhanced selection has really seen actually motivating first outcomes with uplifts in each gross sales and gross earnings. We are at present moreover leveraging the understandings from Wellcome to maintain selection optimization for our Health and Beauty and Convenience firms all through Hong Kong andSingapore

Improving distributor partnership
We are beginning to much better benefit from our data to maintain improved distributor partnership. By creating an additional clear and joint technique to preparations with suppliers, we’re interacting to drive market growth and a much better consequence for customers.

Own Brand
We have reset our Own Brand approach to much better line up with client necessities whereas supplying extra highly effective margins for our service. By optimizing our merchandise array, revamping product packaging for larger client allure and growing cross-selling prospects all through our kinds, we now have really made important renovations in margin and gross sales effectivity, that features a higher than 300bps rise in our Food Own Brand margin and close to a 40% rise in gross sales effectivity contrasted to 2023. Following the success of our reset of the Own Brand profile all through our Food service, we now have really included the Health and Beauty Own Brand selection proper into this facility of high quality to duplicate the very same success in Health and Beauty as we reset its unique tag approach.

Digital
Following our digital approach reset in September 2023, customers are at present in a position to entry our retail profile by way of a broader sequence of digital possessions consisting of purposes, websites and third-party techniques. Our elevated omnichannel existence consists of Wellcome’s quick-commerce collaboration with foodpanda, a brand-new 7-Eleven utility with round 137,000 common month-to-month energetic people and 30,000 on a regular basis energetic people in Hong Kong since December 2024. Including a brand-new Mannings Hong Kong utility and Guardian Singapore utility, we now have really launched higher than 20 brand-new networks in 2024 all through purposes, websites and third-party techniques. Our enhanced digital proposal was underpinned by a 31% growth in ecommerce order amount with stable earnings turn-around.

Retail Media
DFI launched our very personal Retail Media community within the very first quarter of 2024. Initial effectivity has really been motivating, with higher than 100 focused promoting tasks supplied in a lot lower than a yr as a result of the launch, sustained by stable gross sales velocity within the 2nd fifty p.c. We have really partnered with main suppliers similar to Procter & & Gamble, Unilever, Coca- Cola, Nestl é andReckittImportantly, the included on-line and offline promoting and advertising proposal for Retail Media has really sustained the improved Return on Ad Spend for our distributor companions. We stay within the very early days of a presumably appreciable useful resource of income to purchase enterprise.

People Led
In positioning with our tactical construction, we improved our organisation framework within the 2nd fifty p.c of 2023 by relocating accountability to a structure framework, thus boosting dexterity whereas reducing overhanging bills. Throughout 2024, we now have really been targeting deeply putting in our worths, underpinned by our perform declaration all through theGroup We have really decreased durations and layers throughout the organisation to reinforce procedures and speed up alternative manufacturing. Diversity depiction all through kinds has really been dramatically enhanced to ensure neighborhood relevance of decision-making to customers. We have really enhanced our administration sequence preparation and development with a meaningfully enhanced employees member interplay score, sustained by a brand-new reward framework for aged administration that strains up with investor passions, based mostly upon total investor return and repair effectivity targets.

Shareholder Driven
Our tactical construction has really been created with the important thing goal of boosting investor returns. We have really come near sources allotment in a self-displined approach, each from a capex and functioning sources administration standpoint. Over this system of the yr, we carried out the divestment of a wide range of company-owned houses, which has really sustained a US$ 150 million lower in web monetary obligation on the finish of 2024.

Concurrently, the Group stays to implement M&A purchases in a approach that’s accretive to return on sources and total investor return based mostly upon a tactical testimonial of our firms in 2024. In June 2024, the Group completed the divestment of the Hero Supermarket service inIndonesia Post- conclusion, DFI’s procedures in Indonesia has really utterly rotated to the Guardian and IKEA firms. In September 2024, the Group launched the divestment of its complete danger in Yonghui Superstores Co.,Ltd This buy was finally completed in February 2025. The Group stays in an web money cash placement complying with the conclusion of the Yonghui buy.

2024 EFFICIENCY
The Group reported total earnings from subsidiaries in 2024 of US$ 8.9 billion, down 3% year-on-year. However, leaving out the impact of a substantial cigarette tax obligation rise in Hong Kong, the divestment of our Malaysia Food service in 2023 and Hero Supermarket process in Indonesia, working earnings was primarily safe. This extensively stands for market share good points in all kinds apart from IKEA.

Total earnings for the Group, consisting of 100% of companions and joint endeavors, was US$ 24.9 billion, down 6% contrasted to 2023, primarily due to lower gross sales atYonghui Total hidden income attributable to buyers was US$ 201 million for the yr, up 30% year-on-year.

The Group reported subsidiaries underlying income attributable to buyers of US$ 158 million for the entire yr, 42% higher than the earlier yr. This was pushed by appreciable income recuperation in Singapore Food and helpful merchandise combine change within the route of non-cigarette classifications in our Convenience service, partly balanced out by diminished fee from Home Furnishings as an final result of weak residential or business property market job and magnifying opponents.

The Group’s share of hidden become profitable from companions was US$ 43 million, down 2% year-on-year. Lower fee from Maxim’s due to weak mooncake gross sales and eating institution effectivity within the Chinese landmass was partly balanced out by decreased losses from Yonghui and a 15% income growth atRobinsons Retail

The Group’s reported outcomes for the yr had been affected by non-trading losses attributable to buyers of US$ 445 million. This was principally due to lack of US$ 114 million associated to the divestment of Yonghui, a US$ 231 million issues of price of curiosity in Robinsons Retail and US$ 133 million a superb popularity issues of Macau and Cambodia Food firms. These losses had been partly balanced out by good points from divestment of Singapore residential or business property possessions and the Group’s share of one-off good points from the Bank of the Philippine Islands (BPI)-Robinsons Bank merging. Despite the massive non-trading losses reported, the Group is at present in an web money cash placement complying with the conclusion of Yonghui buy in February 2025.

The Group reported working capital after lease settlements of US$ 331 million, 21% lower than the earlier yr, typically due to damaging movement in functioning sources year-end timing distinction, partly balanced out by underlying working income growth. Operating capital after lease settlements and typical capital funding was US$ 158 million, down 29% year-on-year.

ECOLOGICAL, SOCIAL, ADMINISTRATION (ESG)
As a number one Asian vendor, we acknowledge our distinct chance to promote and drive lasting service methods in response to the selection of our customers. By putting our ESG dedication as a core column of our Group Strategy, we now have really made important development in quite a few efforts, consisting of discharges lower and waste diversion. Our initiatives are proven in a substantial enhancement within the S&P Global Corporate Sustainability Assessment, with our score boosting to 49 as at 8 January 2025, placing DFI within the 84 ^th percentile throughout the Food and Staples Retailing market, up from the 47 ^th percentile in 2023.

Our stable dedication to ESG is highlighted by our goal to chop in half Scope 1 & & 2 greenhouse gasoline (GHG) discharges by 2030 and attain net-zero by 2050. Throughout 2024, we now have really made appreciable monetary investments in updating and reworking our current refrigeration techniques to further eco-friendly selections. We effectively completed assessments of gasoline and ultra-low worldwide warming potential gases as cooling agent selections for our grocery retailer. Following a radical analysis of our Scope 3 discharges, we now have really decided important merchandise classifications and smart decarbonisation prospects inside our provide chain. For occasion, our Low Carbon Rice Project, releasing in Thailand this yr, intends to drive decarbonisation by promoting low-carbon farming methods amongst neighborhood farmers, finishing up space monitoring and monitoring to gauge carbon exhaust decreases. We have really made noteworthy development in boosting our waste diversion and are repeatedly testing ingenious means to advertise a shift within the route of a regional spherical financial state of affairs. Wellcome has really partnered with a Hong Kong- based mostly reusing heart to rework trimmed fat proper into biodiesel for powering very important turbines.

While we’re nonetheless early within the journey, these efforts collectively present our initiatives and dedication to providing neighborhoods lasting and finances pleasant gadgets, sustaining the earth and sourcing sensibly whereas fulfilling the return objectives of our buyers.

COMPANY TESTIMONIAL

HEALTH AND WELLNESS AND APPEAL
Sales for the Health and Beauty division will be present in slightly higher than the earlier yr at US$ 2.5 billion, with like-for-like (LFL) gross sales persevering with to be extensively safe. Underlying working income was US$ 211 million for the yr, slightly listed under 2023.

Hong Kong reported stable LFL gross sales effectivity within the very first quarter, which after that decreased within the 2nd and third quarters due to a stable comparable period in 2023 when utilization coupons had been paid out in April and July 2023. Sales vitality enhanced within the 4th quarter with Mannings remaining to acquire market share. Profit for the yr raised 6%, attributable to gross margin enhancement and self-displined expense management, despite a 2% lower in full-year LFL gross sales. Guided by a customer-first proposal, the Pharmacare program acquired to a substantial landmark as a result of its launch in 2023. In collaboration with Bupa, amongst Hong Kong’s important medical insurance coverage suppliers, the Mannings group higher elevated Pharmacare proper into its community of higher than 150,000 contributors. Leveraging Mannings’ placement as the most important pharmacologist community, this system gives complimentary examinations and drugs for a sequence of regular illness. The Mannings group remained to spice up in-store expertise with the launch of the Health Pod at our International Finance Centre entrance runner store inHong Kong This ingenious answer gives an AI well being evaluation that determines over 20 metrics, complied with by private examinations and merchandise options. Initial outcomes have really been interesting, with customers making use of the answer revealing a basket dimension 3 occasions higher than customary. In enhancement, the group moreover launched a brand-new Mannings utility in December to increase its digital impression. LFL gross sales of Mannings China decreased as enterprise rotates removed from offline retailers to on-line networks which incorporates the closure of most of its offline community.

Guardian in South East Asia reported US$ 857 million in gross sales, displaying a 5% year-on-year rise, pushed by growth in basket dimension all through all important markets. Indonesia, significantly, noticed a 17% LFL gross sales growth sustained by raised purchasing heart web site visitors and stable implementation of promoting tasks. Strong income growth was reported all through a variety of important markets, underpinned by gross margin growth and working benefit from. In Singapore, stable industrial implementation and a superb merchandise combine added to gross margin growth, with well being care gadgets making up higher than 60% of gross sales.

BENEFIT
Total Convenience gross sales had been US$ 2.4 billion, standing for a lower of three% year-on-year. LFL gross sales had been 5% behind the earlier yr, affected by a lower in lower-margin cigarette portions complying with tax obligation boosts in Hong Kong on the finish of February 2024. Excluding cigarette gross sales, basic Convenience LFL gross sales had been up 2%, with ongoing market share achieve all through markets. Convenience underlying working income was US$ 102 million for the yr, a lift of 17% contrasted to 2023. Hong Kong working income has really expanded 10% year-on-year, pushed by a superb combine change within the route of higher-margin classifications, with ready-to-eat (RTE) accountancy for 16% of total gross sales for the entire yr. The just lately launched 7-Eleven utility gives inexpensive RTE packages, pre-order options, and digital stamps for IP antiques to drive acquisition regularity and client dedication.

7-Eleven South China and Singapore reported primarily safe LFL gross sales sustained by sturdy growth in RTE, which represented 40% and 23% of gross sales, particularly. Favourable margin impact from merchandise combine change and recurring expense management added to important income growth in each markets. 7-Eleven remained to increase its store community within the South China space with 103 web openings all year long. The Group intends to drive extra community growth primarily by way of a capex-light franchise enterprise model.

FOOD
Reported gross sales for the Food division in 2024 had been US$ 3.1 billion, down 5% year-on-year. Excluding the impact of the divestment of the Malaysia Food service in 2023 and Hero Supermarket process in Indonesia, earnings for the division was 2% lower than the earlier yr. Underlying working income for the division was US$ 58 million for the yr, up from US$ 45 million in 2023.

While raised outgoing touring of Hong Kong locals to the Chinese landmass has really impacted meals utilization for many of 2024, the circumstance has really began to normalise with total retail gross sales of grocery shops in Hong Kong going again to growth within the 4th quarter of 2024. Wellcome noticed boosting gross sales vitality within the 4th quarter with full-year LFL gross sales partially listed under these of the earlier yr despite powerful buying and selling issues. Strong in-store implementation and environment friendly promoting tasks have really sustained common market share achieve all year long. The Wellcome group has really enhanced its omnichannel existence by way of the wellcome.com.hk website, its utility and a quick-commerce collaboration with foodpanda, including to a higher than 20% gross sales growth usually Food ecommerce with dramatically enhanced earnings.

South East Asia Food gross sales effectivity was negatively impacted by excessive opponents and tender buyer perception due to cost-of-living stress. Improved gross sales combine, environment friendly expense management and optimization of the store profile led to a big income recuperation, with Singapore Food remodeling profitable within the 4th quarter of 2024. The Group stays to supply the Singapore market with numerous options by way of its quite a few model names.

In June 2024, the Group completed the divestment of its Hero Supermarket service inIndonesia Post- conclusion, DFI’s procedures in Indonesia have really utterly rotated to the Guardian and IKEA firms.

FURNITURE
IKEA reported gross sales of US$ 701 million, standing for a 12% lower contrasted to the earlier yr. Overall, LFL gross sales decreased by 11% in 2024. Operating income was US$ 16 million, down 13% year-on-year.

IKEA’s service effectivity has really been hindered by decreased client web site visitors due to weak residential or business property market job all through areas. While IKEA Taiwan confirmed beloved one sturdiness, gross sales in Hong Kong and Indonesia had been impacted by magnified opponents and basket combine modification as customers decreased acquisitions of pricy merchandise.

In response to the powerful gross sales setting, the IKEA group stays to execute stable expense management determines all through our markets. The IKEA Hong Kong service is rotating within the route of an much more value-driven omnichannel proposal to tackle Chinese landmass digital techniques. Shopping infiltration has really at present exceeded 10% all through all markets. The IKEA Indonesia group continues to be targeting driving gross sales by way of boosting store commerciality, elevating neighborhood sourcing, and embracing an additional environment friendly promoting approach to spice up neighborhood relevance. Implementation of cost-saving procedures added to tightening losses contrasted to the earlier yr.

DINING ESTABLISHMENTS
The Group’s share of Maxim’s underlying earnings was US$ 66 million in 2024, under US$ 79 million within the earlier yr, primarily due to diminished mooncake gross sales and weak eating institution effectivity on the Chinese landmass. Maxim’s remained to broaden its existence in South East Asia, together with 76 web brand-new retailers all year long, typically in Thailand andVietnam Benefiting from a assorted profile, eating institution gross sales effectivity in Hong Kong stayed resistant despite a lift in outgoing touring on weekend breaks and public holidays.

VARIOUS OTHER ASSOCIATES
The Group’s share of Yonghui’s hidden losses was US$ 33 million for the yr, contrasted to a US$ 36 million share of underlying losses within the earlier yr. Continued macro headwinds and excessive opponents led to diminished LFL gross sales. The lower in losses was underpinned by recurring expense optimization, partly balanced out by a lower in gross margin. The divestment of the Group’s minority danger in Yonghui was completed in February 2025.

Robinsons Retail’s hidden income fee was US$ 17 million, up 15% year-on-year. Robinsons Retail reported diminished single-digit growth in LFL and sturdy growth in working income pushed by the Food and Drugstore sections. Reported income fee expanded close to 90% year-on-year, sustained by one-off good points complying with the BPI-Robinsons Bank merging in very early 2024.

EXPECTATION
We have really browsed 2024 with resistant service effectivity and proceeded market share good points for our important service techniques by proactively adjusting to remodeling market issues by way of a extra highly effective value proposal, elevated omnichannel existence and self-displined expense management. While obstacles keep, we’re fastidiously optimistic in regards to the overview for 2025. The Group anticipates hidden income attributable to buyers to be in between US$ 230 million and US$ 270 million in 2025, sustained by a pure earnings growth of round 2%.

The Group will definitely stay to implement versus its tactical construction. By boosting the neighborhood relevance of our merchandise choices, rising monetisation of our digital possessions, and implementing value-enhancing M&A purchases, we now have really established sturdy buildings in 2024, and we keep sure in driving continuous, profitable growth and investor returns within the years prematurely.

Scott Price
Group Chief Executive
Hashtag: #DFIRetailGroup #Mannings #Guardian # 7-Eleven #Wellcome #MarketPlace #ColdStorage #Giant #IKEA #yuuRewards #Maxim’s #RobinsonsRetail

The supplier is totally answerable for the online content material of this information.

DFI Retail Group

DFI Retail Group is a number one Asian vendor. At 31 December 2024, the Group, its companions and joint endeavors ran over 10,700 electrical shops, of which higher than 5,000 retailers had been run by subsidiaries. The Group, together with companions and joint endeavors, utilized over 190,000 people, with over 45,000 people utilized by its subsidiaries. The Group had total yearly earnings in 2024 of US$ 24.9 billion and reported earnings of US$ 8.9 billion.

DFI Retail Group is dedicated to supplying prime quality, value and memorable answer to Asian prospects by way of a fascinating retail expertise, sustained by a considerable store community and really efficient provide chains.

The Group (consisting of companions and joint endeavors) runs a profile of extensively recognized model names all through 6 important departments. The main model names are:

Health and Beauty

• Mannings on the Chinese landmass, Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore andVietnam

Convenience

• 7-Eleven in Hong Kong and Macau S.A.R., Singapore andSouthern China

Food

• Wellcome and Market Place in Hong Kong S.A.R.; Cold Storage and Giant in Singapore; Lucky in Cambodia; and Robinsons within thePhilippines

Home Furnishings

• IKEA in Hong Kong and Macau S.A.R., Indonesia andTaiwan

Restaurants

• Hong Kong Maxim’s workforce on the Chinese landmass, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand andVietnam

Other Retailing

• Robinsons within the Philippines working outlet retailer, specialised and do it your self retailers.

At the guts of its service, DFI Retail Group is pushed by its perform to ‘Sustainably Serve Asia for Generations with Everyday Moments’.

The Group’s mothers and pop agency, DFI Retail Group Holdings Limited, is included in Bermuda and has a fundamental itemizing within the fairness shares (shift) group of the London Stock Exchange, with extra listings in Bermuda andSingapore The Group’s firms are taken care of fromHong Kong DFI Retail Group belongs to theJardine Matheson Group

Investors

Karen Chan

Media
Christine Chung