KUALA LUMPUR (May 8): Berjaya Food Bhd’s (KL:BJFOOD) net loss widened to RM37.19 million for the third quarter ended March 31, 2025 (3QFY2025), compared to RM29.76 million a year earlier, mainly due to weaker performance from its Kenny Rogers Roasters (KRR) operations.

Its Starbucks Coffee operations also continued to face ongoing challenges, while additional pre-operating costs were incurred for its overseas expansion during the quarter under review, the group told Bursa Malaysia in a bourse filing on Thursday.

This marks the group’s sixth consecutive quarter in the red, amid a continued boycott driven by sentiment over the Gaza war.

Quarterly revenue declined 18% to RM113.58 million from RM138.65 million, mainly due to a reduced number of stores in operation compared with the previous year's corresponding quarter. No dividend was declared for the quarter under review.

For the cumulative nine months of FY2025 (9MFY2025), net loss widened to RM106.2 million from RM53.31 million in 9MFY2024, while revenue fell 39.8% to RM360.88 million from RM599.74 million.

Looking ahead, the group said it remains committed to growth and diversification by actively expanding its brand portfolio and exploring both local and international markets, although its Starbucks operations continue to face headwinds.

“Although current growth remains modest, significant efforts are underway to reposition the business towards greater resilience,” the group added.

Shares in Berjaya Food closed unchanged at 32 sen on Thursday, giving the group a market capitalisation of RM567 million. The counter has declined more than 8% year-to-date and 52% over the past year.