DFI Projects 11–15% Profit CAGR Through 2028, Ups Dividend Payout to 70%

TigerNews_SG
12-08

DFI Retail Group Holdings Limited has forecasted an underlying profit compound annual growth rate (CAGR) of 11–15% through 2028, targeting a profit range of $401.62–453.44 million (US$310–350 million).

The company has also revised its dividend policy, increasing the payout ratio to 70% from 60%, effective from the final dividend of 2025.

This three-year growth strategy is backed by initiatives to enhance store sales density, expand its Health & Beauty and Convenience store networks through a capital-light franchise model, and accelerate brand innovation to boost customer margins.

DFI aims to achieve 2–3% annual organic revenue growth for its subsidiaries by 2028 while increasing online sales penetration to 7–10%. Additionally, the company expects to improve its return on capital employed (ROCE) to at least 15% by 2028, supported by optimized capital allocation and operational efficiencies.

Group Chief Executive Scott Price stated that DFI’s diversified portfolio and omnichannel capabilities are well-positioned to meet Asia’s growing demand for quality and convenience.

Exchange rate: 1 USD = 1.30 SGD

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