KUALA LUMPUR: Berjaya Corp

Bhd (BCorp) narrowed its net loss to RM109mil in the fourth quarter ended June 30, 2026 (4QFY26), from RM207.2mil a year earlier, helped by stronger operating performance across its businesses and lower investment-related expenses.

Revenue, however, slipped 3.6% to RM2.28bil from RM2.37bil previously.

At the pre-tax level, BCorp’s loss narrowed sharply to RM79.7mil from RM270mil a year earlier.

The group said its food retail business recorded higher revenue, mainly driven by improved performance at Starbucks Malaysia despite having fewer operating stores, as well as stronger contributions from its overseas operations.

“These improvements offset the lower revenue from the Kenny Rogers Roasters operations in Malaysia, which was mainly due to the continued rationalisation and closure of non-performing stores during the current quarter,” BCorp said in a statement.

The food retail business posted a significantly lower pre-tax loss, helped by higher revenue, cost optimisation and store rationalisation initiatives, as well as lower impairment, depreciation and amortisation charges.

However, its non-food retail business recorded lower revenue and pre-tax profit, mainly due to weaker sales at luxury car dealer H.R. Owen, particularly in the new-car segment, amid model transition gaps between new vehicle model launches and a challenging economic environment.

BCorp said the property segment delivered higher revenue and returned a pre-tax profit, supported by higher progress billings from Residensi Oak in Bukit Jalil, Pangsapuri Azalea in Subang Heights and Jesselton Courtyard in Penang, as well as increased construction revenue.

The hospitality segment recorded higher pre-tax profit, mainly due to a gain on the disposal of property, plant and equipment, despite lower revenue amid weaker occupancy and average room rates.

Meanwhile, the services segment posted higher pre-tax profit despite lower revenue, supported by its gaming and stockbroking businesses.

STM Lottery recorded higher pre-tax profit on lower operating expenses despite weaker sales, while the stockbroking business returned to a pre-tax profit on higher revenue.

For FY26, BCorp narrowed its net loss to RM340.4mil from RM542mil a year earlier, while revenue declined 4.1% to RM8.99bil from RM9.38bil.

Its full-year pre-tax loss narrowed to RM161.4mil from RM388.1mil, mainly due to substantially lower net investment-related expenses and stronger operating performance from the property and food retail businesses.

Looking ahead, BCorp expects its domestic businesses to improve in FY27, underpinned by resilient consumer spending and sustained growth in tourism activities, particularly from the extended Visit Malaysia campaign through 2027.

The group also expects the opening of the Four Seasons Resort & Private Residences Okinawa in the fourth quarter of 2027 to strengthen its hotels and resorts business.

The 14-hectare beachfront development will feature 279 accommodations comprising 127 resort rooms, 124 high-end condominiums and 28 private villas.

BCorp expects its number forecast operator (NFO) business to grow sustainably, supported by the popularity of its Jackpot and Digit games.

Following the Federal Court’s Aug 12 decision not to grant leave for the Kedah state government’s appeal over the renewal of NFO business premises licences, BCorp said it is engaging with the relevant authorities to secure approvals to recommence its lottery operations in Kedah.

“Barring any unforeseen circumstances, the directors are cautiously optimistic that the performance of the business operations of the group for the financial year ending June 30, 2027 will be satisfactory,” it said.