Petaling Jaya: Sports Toto BHD (Sptoto) reported revenue of RM1.48 billion for the second quarter ended December 31, 2024 Q2’25, an increase of 8.3% compared to RM1.37 billion in the respective quarter of the previous year.
Last year, in the same quarter, from RM48.12 million, the pre-groups of the group were reviewed by 71.8% RM82.64 million, which is from RM48.12 million in the previous year’s quarter.
In the quarter ended December 31, 2024, Assistant STM Lottery SDN BHD achieved 6.1% revenue growth compared to the respective quarter of the previous year, mainly improving average sales per draw and improving high accumulated jackpot awards in Lotto Games Despite, only 41 draws in the quarter under review as compared to 42 draws in Q2’24.
Pre-tax gains increased by 31.5%, mainly responsible for combining high sales and low award payments in the quarter under review.
Meanwhile, the revenue of Assistant HR Owen PLC increased by 9.4% in Q2’25 compared to the respective quarter of the previous year. The increase in sales was mainly inspired by positive demand within the car area used, leading to an increase in the amount and average sales price of better sales. The new market, Lotus, now depicted by HR Owen, has also generated new sales.
HR Owen reported a prior tax loss of RM7.8 million compared to the loss of RM15.8 million in the same quarter last year. The narrow loss among the challenging economic environment in the United Kingdom reflects revenue growth.
For a six -month period ended on 31 December, 2024, the revenue of the group was less than 1.3% to RM2.92 billion, mainly responsible for the low sale recorded by STM lottery and HR Owen. Despite the fall in revenue, the group reported an increase of 9.5% in the earlier-tax profit for RM151 million from RM137.9 million in Q2’24 to Q2’25, mainly inspired by better results than STM lottery.
For the period under review, STM lottery mainly reported a slight decline in revenue of 1.9%, which was held low draw (81 draws vs 84 draws in the respective periods of the previous year). Despite the fall in revenue, pre-tax profit increased by 10.5%, which is primarily responsible for the lower prize payment.
HR Owen reported an increase in revenue of 2.4% compared to the previous year’s respective periods, with a positive demand within the car area used with an increase in a mixture and average selling price of sales. The Lotus brand also contributed to the increase in revenue with the introduction of delivery during the current reporting period. However, due to adverse foreign currency, it reported a marginal decline in revenue of 0.5% when converted into a ringitte, being group reporting currency.
HR Owen reported a high-east-tax loss of RM19.3 million compared to the earlier-tax loss of RM15.5 million in the respective periods of the previous year, which is responsible for high operating expenses related to additional new marks, At the same time represented the sale of the new car due to the performance of some of the weakened some existing brands.
The board of Sptoto has declared the RM26.7 million amount of RM26.7 million for the financial year ending June 30, 2025, the second interim dividend of 2 Sen per share. The dividend is payable on 18 April and the entry date is scheduled on 28 March. The total dividend distribution for the financial period ended on 31 December 2024 is about RM53.7 million.
Sptoto directors are carefully optimistic that the group’s business will remain stable.
Regarding the closure of the legal number forecasting operation (NFO) outlets in two northern states (Kedah and Parlis), directors hope that the legal fixed process will be strong, thus re -establishing STM lottery in these states. Is allowed Nevertheless, the NFO business is expected to conform to the ongoing popularity of its lotto and digit games to continue growth, so that commendable results can be achieved.
Despite the impact of trade policies, inflation trends and regional development inequalities, and the headwind of the global economy, directors are considering that the group’s business will continuously grow and for the remaining quarters of the financial year ending June 30 Will maintain a positive attitude, 2025.
