MR. D.I.Y. Holding (Thailand) Public Company Limited (SET: MRDIYT) reported resilient financial results for the third quarter of 2026, leveraging rapid store network expansion to deliver double-digit top-line growth despite gross margin compression.
Total revenue reached THB 5,964.1 million in 3Q26, expanding 20.3% YoY from THB 4,959.6 million in 3Q25. Revenue from sales climbed 20.2% to THB 5,920.4 million, propelled by aggressive outlet expansion and an 18.5% rise in total transaction volume to 35.9 million.
The company added 55 new stores during the quarter, bringing its nationwide footprint to 1,300 outlets. Standalone stores remained the core growth engine, surging 27.6% YoY to THB 4,342.7 million and generating 73.5% of total retail store sales. Same-store sales growth turned positive at 0.7%, supported by steady demand for value-for-money everyday essentials.
Gross profit grew 15.5% YoY to THB 2,982.6 million, but gross profit margin compressed 2.1 percentage points to 50.4% (down from 52.5% in 3Q25). Margin contraction was primarily driven by product cost inflation and promotional campaigns undertaken to refresh inventory ahead of the fourth-quarter peak selling season.
Simultaneously, selling and distribution expenses jumped 22.7% YoY to THB 1,750.4 million due to higher store depreciation, increased headcount, expanded warehouse operations, and elevated local fuel prices. Administrative expenses grew 14.4% YoY to THB 324.7 million. Consequently, total SG&A expenses rose 21.3% YoY to 34.8% of total revenue, dampening operating profit growth to 4.8% YoY (THB 951.2 million).
Net profit reached THB 648.1 million, representing a 7.1% YoY increase over THB 604.9 million in 3Q25, while net profit margin narrowed from 12.2% to 10.9%. Earnings were significantly cushioned by an 18.7% reduction in finance costs to THB 80.5 million, led by a 91.3% plunge in interest-bearing loan expenses to THB 2.6 million.
Additionally, management approved an interim dividend of THB 0.06 per share (totalling THB 361 million), reflecting a 55.7% payout ratio. The ex-dividend (XD) date is set for November 23, 2026, with the payment date on December 9, 2026.
