DFI Retail Group Holdings Limited 2024 Preliminary Announcement of Results

Highlights

• 30% development in hidden revenue to US$ 201 million
• Health and Beauty provided a steady efficiency
• Convenience saw solid revenue development as a result of beneficial item mix
• Food revenue boosted, driven by substantial Singapore Food revenues healing
• Portfolio simplification proceeded better with Yonghui and Hero Supermarket divestments
• Net money setting attained in February 2025 with conclusion of Yonghui sale
• Final reward people 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 NEWS OF OUTCOMES
FOR THE YEAR FINISHED 31 DECEMBER 20 24

EFFICIENCY
I delight in to report that DFI Retail Group (‘ DFI’ or the Group) provided a dramatically boosted underlying efficiency and an excellent partial healing in lead to 2024, in spite of a tough retail atmosphere. For the complete year, underlying revenue attributable to investors gotten to US$ 201 million, a 30% boost from the previous year.

Our varied profile and reliable functional implementation allowed us to get market share throughout essential companies, also as we dealt with changes in customer practices and macroeconomic headwinds. Profit development was driven by enhanced revenue in Food and Convenience, sustained by development in electronic networks. We are certain that the Group’s brand-new method will certainly drive additional revenue development in the coming years, and are specifically hopeful regarding the development leads for our Health and Beauty company, which stands for 55% of the Group’s complete operating revenue. We likewise see solid development possibilities in our Convenience company. Our various other companies remain to deal with difficulties, yet we are certain in the capacity of DFI’s elderly management group to browse temporary unpredictabilities, advance the profile and purchase enhancing our core companies to drive long-lasting development in investor worth.

The Board advises a last reward for 2024 people cents 7.00 per share (2023 last reward: United States cents 5.00).

CRITICAL EMPHASIZES
Under the qualified management of our Group Chief Executive, Scott Price, we have actually made substantial strides in applying our critical structure, which centres around 3 core columns:

Customer First
Across our company, we have a recurring dedication to placing our consumers initially, and we have actually made substantial progression to much better offer them over the previous year. The yuu Rewards commitment program remains to reinforce, with a significant boost in participants and the enhancement of a variety of additional companions. We have actually likewise started using our exclusive consumer information to fine-tune our item array and overhaul our Own Brand and electronic approaches. We are driving a much more clear and collective method to our settlements with distributors, resulting in a far better end result for consumers. As well as much better offering our consumers, these initiatives intend to strengthen market share development and improve margins throughout our companies.

People Led
We have actually fine-tuned our organisation framework over the previous year. Our brand-new elderly management group, with its deep market knowledge, shares a vision for critical development and functional quality. Key visits throughout business have actually reinforced our ability to drive these campaigns ahead, and we have actually decreased periods and layers within the organisation to enhance procedures and quicken decision-making. Diversity throughout our company has actually likewise boosted considerably.

Shareholder Driven
In positioning with our critical and resources allowance top priorities, we remained to streamline the Group’s profile and unloaded our Hero Supermarket company and financial investment inYonghui Superstores

Following the disposal of Hero Supermarket, the Guardian and IKEA companies will certainly be our emphasis in Indonesia and we are certain in the long-lasting leads for these 2 companies to boost market share as the Indonesian market expands. These disposals permit us to reinvest in our subsidiaries’ development, deleverage our annual report and expand complete investor returns.

Sustainability stays on top of our program, and we are working together carefully with our stakeholders and establishing enthusiastic targets throughout business. There was solid progression in 2024 versus the Group’s sustainability method in locations consisting of exhausts decrease and waste diversion. Our initiatives were identified in enhancements in our ESG scores, consisting of a substantial renovation in the Group’s S&PGlobal Corporate Sustainability Assessment We will certainly remain to advertise and drive lasting company techniques in our end-to-end worth chain.

ADMINISTRATION AND INDIVIDUALS
The Board and its Committees, and elderly management group, with each other play a vital duty in supplying versus our top priorities. The reliable implementation of our method relies on excellent quality argument around the conference room table, with solid payments from allDirectors

There have actually been a variety of substantial Board and executive management modifications because the beginning of 2024:

– In July, I prospered Ben Keswick asChairman On part of the Board, I wish to share our thankfulness to Ben for his 11 years of solution asChairman

– I likewise want to say thanks to Adam Keswick for his payment to the Board and Nominations Committee as he tips 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 management experience throughout markets such as semiconductors, electronic web content, ecommerce, cloud computer and expert system, and her knowledge in leveraging innovation to drive development will substantially profit theGroup

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

– Tom van der Lee took control of as Group Chief Financial Officer fromClem Constantine We say thanks to Clem for his substantial payment, specifically throughout the pandemic and in enhancing the Group’s economic setting. Tom, that signed up with DFI in 2016, brings a riches of experience from his different elderly economic functions within the organisation.

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

POTENTIAL CUSTOMERS
We are pleased by the Group’s solid hidden revenue development in 2024, in spite of a tough retail background, supplying motivating very early assistance for our brand-new method. We objective to settle our setting in markets such as Hong Kong where we have solid companies, while at the exact same time intending to attain long-lasting development as we increase essential companies such as Health and Beauty andConvenience

By advancing our offerings with data-driven understandings and broadening our omnichannel visibility, we will certainly stay appropriate to customers and proceed recording market share. Our deleveraged annual report and critical campaigns place us well for lasting development and enhanced investor returns in the years ahead.

I must such as to share my gratitude to our investors, our valued companions and to the larger area for your ongoing assistance. Most of all, many thanks need to most likely to our employee, that are essential to our success, for their remarkable job and unwavering dedication throughout the previous year, in spite of tough market problems.

John Witt
Chairman

TEAM PRESIDENT’S EVALUATION

INTRO
As I review my initial complete year as DFI’s Group Chief Executive, I am unbelievably happy with the substantial progression we have actually made implementing abreast to our critical structure: Customer First, People Led,Shareholder Driven

Despite the tough macroeconomic background, we showed durability in our company efficiency, reporting hidden revenue attributable to investors of US$ 201 million in 2024, up 30% year-on-year. During the year, we revealed the divestment of our minority risk in Yonghui, a purchase that lines up with our critical and resources allowance structure and allows us to reinvest in the future development of our subsidiary companies. While our reported outcomes were influenced by one-off products, consisting of reasonable worth loss, disability of equity rate of interest and a good reputation, we have actually remained to considerably deleverage our annual report with a web money setting adhering to the conclusion of the Yonghui purchase in February 2025.

As we head right into the brand-new fiscal year, we stay laser concentrated on implementing our critical top priorities to drive earnings development and improve success. Our 2025 economic advice of US$ 230 million to US$ 270 million hidden revenue attributable to investors, mirrors our self-confidence in additional structure on our energy and supplying higher worth for our stakeholders.

CRITICAL STRUCTURE– SECRET DEVELOPMENT
We created our critical structure of Customer First, People Led, Shareholder Driven in the 2nd fifty percent of 2023 to lead the Group’s resources allowance top priorities and development strategies over the coming years. I am both delighted and happy with the progression made by the group over the previous twelve month in implementing on this structure.

Customer First
I remain to see worth unlock throughout our distinctively varied companies throughoutAsia We are honored to offer countless consumers in different layouts and banners with virtually 11,000 electrical outlets throughout 13 markets inAsia What sticks out is our continuous dedication to placing our consumers initially and offering with enthusiasm and treatment. Our objective has actually constantly belonged to that we are. During the year, we introduced our DFI objective to verbalize it in such a way that unifies our organisation, which is to Sustainably Serve Asia for Generations withEveryday Moments This declaration emphasizes our dedication to fulfilling the daily demands of our consumers throughout Asia, while stressing their rate of interests in lasting services.

Aligned with our objective, we have actually made substantial progression in a variety of locations to much better offer our consumers over the previous year.

yuu Rewards
Our yuu Rewards union commitment program remains to reinforce. In our home market of Hong Kong, complete participants have actually gotten to 5.3 million with over 3 million month-to-month energetic participants. The energetic use acquisitions throughout all our layouts, dining establishments and companions develops considerable quantity of distinct information understandings. In 2024, the yuu Rewards program in Hong Kong included a variety of added companions consisting of Starbucks and FWDInsurance Our participants have actually involved throughout a selection of redemption provides that integrate brand-new traveling, home entertainment and eating alternatives, driving improved consumer involvement.

In Singapore, the yuu Rewards program has actually expanded to over 1.8 million participants. A variety of brand-new companions signed up with the program throughout the year consisting of Suntec City andSingapore Airlines

Improving array
We are currently leveraging our wide yuu Rewards consumer information to enhance array in our shops. At Wellcome, we have actually leveraged our exclusive information and sophisticated information analytics capacities to implement a reset of 14 groups in shops. The boosted array has actually seen really motivating first outcomes with uplifts in both sales and gross earnings. We are currently likewise leveraging the knowings from Wellcome to sustain array optimization for our Health and Beauty and Convenience companies throughout Hong Kong andSingapore

Improving provider partnership
We are starting to much better utilize our information to sustain improved provider partnership. By developing a much more clear and collective method to settlements with distributors, we are interacting to drive market development and a far better end result for consumers.

Own Brand
We have reset our Own Brand method to much better straighten with consumer demands while supplying more powerful margins for our company. By optimizing our item variety, revamping product packaging for higher consumer allure and increasing cross-selling possibilities throughout our layouts, we have actually made significant enhancements in margin and sales performance, that includes a greater than 300bps boost in our Food Own Brand margin and near a 40% boost in sales performance contrasted to 2023. Following the success of our reset of the Own Brand profile throughout our Food company, we have actually incorporated the Health and Beauty Own Brand array right into this facility of quality to duplicate the exact same success in Health and Beauty as we reset its exclusive tag method.

Digital
Following our electronic method reset in September 2023, consumers are currently able to access our retail profile with a larger variety of electronic possessions consisting of applications, sites and third-party systems. Our broadened omnichannel visibility consists of Wellcome’s quick-commerce collaboration with foodpanda, a brand-new 7-Eleven application with about 137,000 month-to-month energetic individuals and 30,000 everyday energetic individuals in Hong Kong since December 2024. Including a brand-new Mannings Hong Kong application and Guardian Singapore application, we have actually introduced greater than 20 brand-new networks in 2024 throughout applications, sites and third-party systems. Our reinforced electronic recommendation was underpinned by a 31% development in ecommerce order quantity with solid success turn-around.

Retail Media
DFI introduced our very own Retail Media network in the initial quarter of 2024. Initial efficiency has actually been motivating, with greater than 100 targeted advertising and marketing projects marketed in much less than a year because the launch, sustained by solid sales velocity in the 2nd fifty percent. We have actually partnered with leading distributors such as Procter & & Gamble, Unilever, Coca- Cola, Nestl é andReckittImportantly, the incorporated online and offline advertising and marketing recommendation for Retail Media has actually sustained the boosted Return on Ad Spend for our provider companions. We remain in the very early days of a possibly substantial resource of revenue to purchase business.

People Led
In positioning with our critical structure, we fine-tuned our organisation framework in the 2nd fifty percent of 2023 by relocating responsibility to a style framework, therefore enhancing dexterity while lowering above expenses. Throughout 2024, we have actually been concentrated on deeply installing our worths, underpinned by our objective declaration throughout theGroup We have actually decreased periods and layers within the organisation to enhance procedures and quicken choice production. Diversity depiction throughout layouts has actually been considerably boosted to make certain neighborhood significance of decision-making to consumers. We have actually reinforced our management sequence preparation and advancement with a meaningfully boosted staff member involvement rating, sustained by a brand-new motivation framework for elderly monitoring that lines up with investor rate of interests, based upon complete investor return and company efficiency targets.

Shareholder Driven
Our critical structure has actually been created with the key objective of enhancing investor returns. We have actually come close to resources allowance in a regimented fashion, both from a capex and functioning resources monitoring viewpoint. Over the program of the year, we carried out the divestment of a variety of company-owned residential properties, which has actually sustained a US$ 150 million decrease in web financial obligation at the end of 2024.

Concurrently, the Group remains to implement M&A purchases in a fashion that is accretive to return on resources and complete investor return based upon a tactical evaluation of our companies in 2024. In June 2024, the Group finished the divestment of the Hero Supermarket company inIndonesia Post- conclusion, DFI’s procedures in Indonesia has actually totally rotated to the Guardian and IKEA companies. In September 2024, the Group revealed the divestment of its whole risk in Yonghui Superstores Co.,Ltd This purchase was ultimately finished in February 2025. The Group remains in a web money setting adhering to the conclusion of the Yonghui purchase.

2024 EFFICIENCY
The Group reported complete earnings from subsidiaries in 2024 of US$ 8.9 billion, down 3% year-on-year. However, leaving out the influence of a substantial cigarette tax obligation boost in Hong Kong, the divestment of our Malaysia Food company in 2023 and Hero Supermarket procedure in Indonesia, running earnings was mainly secure. This extensively stands for market share gains in all layouts other than IKEA.

Total earnings for the Group, consisting of 100% of affiliates and joint endeavors, was US$ 24.9 billion, down 6% contrasted to 2023, mainly as a result of decrease sales atYonghui Total hidden revenue attributable to investors was US$ 201 million for the year, up 30% year-on-year.

The Group reported subsidiaries underlying revenue attributable to investors of US$ 158 million for the complete year, 42% more than the previous year. This was driven by substantial revenues healing in Singapore Food and beneficial item mix change in the direction of non-cigarette groups in our Convenience company, partly balanced out by reduced payment from Home Furnishings as an outcome of weak building market task and escalating competitors.

The Group’s share of hidden benefit from affiliates was US$ 43 million, down 2% year-on-year. Lower payment from Maxim’s as a result of weak mooncake sales and dining establishment efficiency in the Chinese landmass was partly balanced out by decreased losses from Yonghui and a 15% revenue development atRobinsons Retail

The Group’s reported outcomes for the year were influenced by non-trading losses attributable to investors of US$ 445 million. This was mainly as a result of loss of US$ 114 million connected with the divestment of Yonghui, a US$ 231 million disability of rate of interest in Robinsons Retail and US$ 133 million a good reputation disability of Macau and Cambodia Food companies. These losses were partly balanced out by gains from divestment of Singapore building possessions and the Group’s share of one-off gains from the Bank of the Philippine Islands (BPI)-Robinsons Bank merging. Despite the big non-trading losses reported, the Group is currently in a web money setting adhering to the conclusion of Yonghui purchase in February 2025.

The Group reported running capital after lease settlements of US$ 331 million, 21% less than the previous year, mostly as a result of damaging motion in functioning resources year-end timing distinction, partly balanced out by underlying operating revenue development. Operating capital after lease settlements and typical capital investment was US$ 158 million, down 29% year-on-year.

ECOLOGICAL, SOCIAL, ADMINISTRATION (ESG)
As a leading Asian merchant, we acknowledge our distinct possibility to advertise and drive lasting company techniques in reaction to the choice of our consumers. By placing our ESG dedication as a core column of our Group Strategy, we have actually made significant progression in different campaigns, consisting of exhausts decrease and waste diversion. Our initiatives are mirrored in a substantial renovation in the S&P Global Corporate Sustainability Assessment, with our rating enhancing to 49 as at 8 January 2025, putting DFI in the 84 ^th percentile within the Food and Staples Retailing market, up from the 47 ^th percentile in 2023.

Our solid dedication to ESG is highlighted by our target to cut in half Scope 1 & & 2 greenhouse gas (GHG) exhausts by 2030 and attain net-zero by 2050. Throughout 2024, we have actually made substantial financial investments in updating and transforming our existing refrigeration systems to much more eco-friendly alternatives. We effectively finished tests of gas and ultra-low worldwide warming possible gases as cooling agent options for our grocery store. Following a detailed evaluation of our Scope 3 exhausts, we have actually recognized essential item groups and reasonable decarbonisation possibilities within our supply chain. For instance, our Low Carbon Rice Project, releasing in Thailand this year, intends to drive decarbonisation by advertising low-carbon farming techniques amongst neighborhood farmers, executing area surveillance and monitoring to gauge carbon exhaust decreases. We have actually made significant progression in enhancing our waste diversion and are regularly discovering cutting-edge methods to promote a change in the direction of a regional round economic situation. Wellcome has actually partnered with a Hong Kong- based reusing center to transform trimmed fats right into biodiesel for powering important generators.

While we are still early in the trip, these campaigns jointly show our initiatives and dedication to offering areas lasting and economical items, maintaining the world and sourcing properly while fulfilling the return purposes of our investors.

COMPANY EVALUATION

HEALTH AND WELLNESS AND CHARM
Sales for the Health and Beauty department was available in somewhat more than the previous year at US$ 2.5 billion, with like-for-like (LFL) sales staying extensively secure. Underlying operating revenue was US$ 211 million for the year, somewhat listed below 2023.

Hong Kong reported solid LFL sales efficiency in the initial quarter, which after that decreased in the 2nd and 3rd quarters as a result of a solid equivalent duration in 2023 when intake coupons were paid out in April and July 2023. Sales energy boosted in the 4th quarter with Mannings remaining to get market share. Profit for the year enhanced 6%, attributable to gross margin renovation and self-displined price control, in spite of a 2% decrease in full-year LFL sales. Guided by a customer-first recommendation, the Pharmacare program got to a substantial turning point because its launch in 2023. In collaboration with Bupa, among Hong Kong’s significant clinical insurance providers, the Mannings group better broadened Pharmacare right into its network of greater than 150,000 participants. Leveraging Mannings’ setting as the biggest pharmacologist network, the program provides totally free appointments and medicine for a series of usual disease. The Mannings group remained to improve in-store experience with the launch of the Health Pod at our International Finance Centre front runner shop inHong Kong This cutting-edge solution provides an AI health analysis that determines over 20 metrics, complied with by personal appointments and item referrals. Initial outcomes have actually been appealing, with consumers making use of the solution revealing a basket dimension 3 times more than standard. In enhancement, the group likewise introduced a brand-new Mannings application in December to expand its electronic impact. LFL sales of Mannings China decreased as business rotates far from offline shops to on-line networks which includes the closure of most of its offline network.

Guardian in South East Asia reported US$ 857 million in sales, showing a 5% year-on-year boost, driven by development in basket dimension throughout all essential markets. Indonesia, particularly, saw a 17% LFL sales development sustained by enhanced shopping center website traffic and solid implementation of marketing projects. Strong revenue development was reported throughout a lot of essential markets, underpinned by gross margin growth and running utilize. In Singapore, solid industrial implementation and a good item mix added to gross margin growth, with health care items making up greater than 60% of sales.

EASE
Total Convenience sales were US$ 2.4 billion, standing for a decrease of 3% year-on-year. LFL sales were 5% behind the previous year, influenced by a decrease in lower-margin cigarette quantities adhering to tax obligation boosts in Hong Kong at the end of February 2024. Excluding cigarette sales, total Convenience LFL sales were up 2%, with ongoing market share gain throughout markets. Convenience underlying operating revenue was US$ 102 million for the year, a rise of 17% contrasted to 2023. Hong Kong operating revenue has actually expanded 10% year-on-year, driven by a good mix change in the direction of higher-margin groups, with ready-to-eat (RTE) bookkeeping for 16% of complete sales for the complete year. The recently introduced 7-Eleven application provides reduced RTE packages, pre-order features, and electronic stamps for IP antiques to drive acquisition regularity and consumer commitment.

7-Eleven South China and Singapore reported mainly secure LFL sales sustained by durable development in RTE, which made up 40% and 23% of sales, specifically. Favourable margin influence from item mix change and continuous price control added to significant revenue development in both markets. 7-Eleven remained to expand its shop network in the South China area with 103 web openings throughout the year. The Group intends to drive additional network growth mostly with a capex-light franchise business design.

FOOD
Reported sales for the Food department in 2024 were US$ 3.1 billion, down 5% year-on-year. Excluding the influence of the divestment of the Malaysia Food company in 2023 and Hero Supermarket procedure in Indonesia, earnings for the department was 2% less than the previous year. Underlying operating revenue for the department was US$ 58 million for the year, up from US$ 45 million in 2023.

While enhanced outgoing traveling of Hong Kong citizens to the Chinese landmass has actually impacted food intake for most of 2024, the scenario has actually started to normalise with complete retail sales of grocery stores in Hong Kong going back to development in the 4th quarter of 2024. Wellcome saw enhancing sales energy in the 4th quarter with full-year LFL sales partially listed below those of the previous year in spite of tough trading problems. Strong in-store implementation and reliable marketing projects have actually sustained constant market share gain throughout the year. The Wellcome group has actually reinforced its omnichannel visibility with the wellcome.com.hk web site, its application and a quick-commerce collaboration with foodpanda, adding to a greater than 20% sales development in total Food ecommerce with considerably boosted success.

South East Asia Food sales efficiency was negatively impacted by extreme competitors and soft customer belief as a result of cost-of-living stress. Improved sales mix, reliable price control and optimization of the shop profile resulted in a significant revenues healing, with Singapore Food transforming lucrative in the 4th quarter of 2024. The Group remains to offer the Singapore market with various proposals with its different brand names.

In June 2024, the Group finished the divestment of its Hero Supermarket company inIndonesia Post- conclusion, DFI’s procedures in Indonesia have actually totally rotated to the Guardian and IKEA companies.

DECOR
IKEA reported sales of US$ 701 million, standing for a 12% decrease contrasted to the previous year. Overall, LFL sales decreased by 11% in 2024. Operating revenue was US$ 16 million, down 13% year-on-year.

IKEA’s company efficiency has actually been interfered with by decreased consumer website traffic as a result of weak building market task throughout areas. While IKEA Taiwan showed family member durability, sales in Hong Kong and Indonesia were impacted by magnified competitors and basket mix modification as consumers decreased acquisitions of expensive products.

In reaction to the tough sales atmosphere, the IKEA group remains to carry out solid price control determines throughout our markets. The IKEA Hong Kong company is rotating in the direction of an even more value-driven omnichannel recommendation to take on Chinese landmass electronic systems. Shopping infiltration has actually currently gone beyond 10% throughout all markets. The IKEA Indonesia group stays concentrated on driving sales with boosting shop commerciality, raising neighborhood sourcing, and embracing a much more reliable advertising and marketing method to enhance neighborhood significance. Implementation of cost-saving steps added to tightening losses contrasted to the previous year.

DINING ESTABLISHMENTS
The Group’s share of Maxim’s underlying earnings was US$ 66 million in 2024, below US$ 79 million in the previous year, mainly as a result of reduced mooncake sales and weak dining establishment efficiency on the Chinese landmass. Maxim’s remained to increase its visibility in South East Asia, including 76 web brand-new shops throughout the year, mostly in Thailand andVietnam Benefiting from a varied profile, dining establishment sales efficiency in Hong Kong stayed resistant in spite of a rise in outgoing traveling on weekend breaks and public vacations.

VARIOUS OTHER ASSOCIATES
The Group’s share of Yonghui’s hidden losses was US$ 33 million for the year, contrasted to a US$ 36 million share of underlying losses in the previous year. Continued macro headwinds and extreme competitors resulted in reduced LFL sales. The decrease in losses was underpinned by continuous price optimization, partly balanced out by a decrease in gross margin. The divestment of the Group’s minority risk in Yonghui was finished in February 2025.

Robinsons Retail’s hidden revenue payment was US$ 17 million, up 15% year-on-year. Robinsons Retail reported reduced single-digit development in LFL and durable development in operating revenue driven by the Food and Drugstore sectors. Reported revenue payment expanded near 90% year-on-year, sustained by one-off gains adhering to the BPI-Robinsons Bank merging in very early 2024.

EXPECTATION
We have actually browsed 2024 with resistant company efficiency and proceeded market share gains for our essential company systems by proactively adjusting to altering market problems with a more powerful worth recommendation, broadened omnichannel visibility and self-displined price control. While difficulties stay, we are very carefully hopeful regarding the overview for 2025. The Group anticipates hidden revenue attributable to investors to be in between US$ 230 million and US$ 270 million in 2025, sustained by a natural earnings development of about 2%.

The Group will certainly remain to implement versus its critical structure. By boosting the neighborhood significance of our item offerings, growing monetisation of our electronic possessions, and implementing value-enhancing M&A purchases, we have actually established strong structures in 2024, and we stay certain in driving continual, lucrative development and investor returns in the years in advance.

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

https://www.dfiretailgroup.com/

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DFI Retail Group

DFI Retail Group is a leading Asian merchant. At 31 December 2024, the Group, its affiliates and joint endeavors ran over 10,700 electrical outlets, of which greater than 5,000 shops were run by subsidiaries. The Group, along with affiliates and joint endeavors, used over 190,000 individuals, with over 45,000 individuals used by its subsidiaries. The Group had complete yearly earnings in 2024 of US$ 24.9 billion and reported earnings of US$ 8.9 billion.

DFI Retail Group is committed to supplying high quality, worth and remarkable solution to Asian customers with an engaging retail experience, sustained by a substantial shop network and very reliable supply chains.

The Group (consisting of affiliates and joint endeavors) runs a profile of widely known brand names throughout 6 essential departments. The major brand 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 in thePhilippines

Home Furnishings

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

Restaurants

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

Other Retailing

• Robinsons in the Philippines operating chain store, specialized and do it yourself shops.

At the heart of its company, DFI Retail Group is driven by its objective to ‘Sustainably Serve Asia for Generations with Everyday Moments’.

The Group’s moms and dad business, DFI Retail Group Holdings Limited, is included in Bermuda and has a main listing in the equity shares (shift) classification of the London Stock Exchange, with additional listings in Bermuda andSingapore The Group’s companies are taken care of fromHong Kong DFI Retail Group belongs to theJardine Matheson Group

Investors

Karen Chan

Media
Christine Chung