Sheng Siong Group Ltd. posted a net profit of S$81.0 million for the six months ended Jun 30, 2026, up 11.9 percent year-on-year, helped by contributions from new outlets and improved comparable same-store sales.

Earnings per share rose 11.9 percent to 5.38 Singapore cents. The board declared an interim dividend of 3.75 Singapore cents per share, compared with 3.20 cents a year earlier; the payout is scheduled for Aug 28 2026.

Revenue increased 11.9 percent YoY to S$855.4 million, driven by the 16 stores opened since Jan 2025 and a 3.3 percent rise in comparable same-store sales, which benefited from Community Development Council vouchers and promotional activity. Gross profit grew 15.6 percent to S$272.4 million, lifting the gross margin to 31.8 percent from 30.8 percent. The company did not break out pre-tax earnings by segment.

Higher staff numbers, wage adjustments under the Progressive Wage Model and additional depreciation tied to new leases and the Sungei Kadut property lifted selling, distribution and administrative expenses by 15.7 percent and 14.0 percent, respectively.

Looking ahead, Sheng Siong is preparing to open three more supermarkets in Hougang, Rivervale and Woodlands during the third quarter and is awaiting the outcome of further HDB site tenders. It also commenced a partnership with Foodpanda in June to broaden its e-commerce reach and has started construction of an automated distribution centre in Sungei Kadut, slated for completion in 2029, that is designed to support more than 120 stores.

Chief Executive Officer Lim Hock Chee said the first-half performance reflected the expanding store base and an improved sales mix despite rising operating costs. He indicated the group would continue to adjust pricing, promotions and product assortment to remain competitive ahead of the Johor Bahru–Singapore Rapid Transit System Link’s 2027 launch, and expects operational efficiencies from the forthcoming distribution centre to support long-term profitability.