KUALA LUMPUR (Aug 28): Berjaya Corp Bhd (KL:BJCORP) narrowed its net loss to RM109.02 million for the second quarter ended June 30, 2026 (2QFY2026), from RM207.2 million a year earlier, supported by stronger operating performance across its business segments and lower net investment-related expenses.

This came despite quarterly revenue falling 3.6% to RM2.28 billion from RM2.37 billion, mainly due to lower contributions from the retail segment, particularly H.R. Owen Plc’s new car business.

The diversified group said in its bourse filing that the weaker sales at H.R. Owen were mainly due to transition gaps between new vehicle model launches and a challenging economic environment. The softer sales also reflected differences in the model mix sold during the respective quarters.

Revenue was further affected by unfavourable foreign exchange translation effects when the results were translated into ringgit, the group said in a bourse filing.

No dividend was declared for 2QFY2026.

For the first six months of FY2026 (6MFY2026), Berjaya Corp’s net loss narrowed to RM340.36 million from RM541.97 million a year earlier, while revenue declined 4.11% to RM8.99 billion from RM9.38 billion.

Looking ahead, the group expects its domestic business segments to improve, supported by resilient consumer spending and sustained tourism activity, particularly in Malaysia under the extended Visit Malaysia campaign, which runs through 2027.

The group is also looking forward to the completion and opening of the Four Seasons Resort & Private Residences Okinawa in Japan in the fourth quarter of 2027, which it expects to strengthen the performance of its hotel and resort business.

The Four Seasons Okinawa spans 14 hectares of beachfront land and will feature 279 accommodations, comprising 127 resort rooms, 124 high-end condominiums and 28 private villas.

For its number forecast operator (NFO) business, Berjaya Corp expects sustainable growth, driven by the popularity of its Jackpot and Digit games, while maintaining its leading position in Malaysia’s legalised NFO sector.

“The Federal Court unanimously ruled on Aug 12, 2026 not to grant leave for the Kedah state government’s appeal to ban the renewal of the NFO business premises licence in the state. The group is currently engaging with the relevant authorities to obtain approvals to recommence its lottery operations in Kedah,” it said.

“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 added.

On Friday, Berjaya Corp’s share price was unchanged at 25 sen, giving it a market capitalisation of RM1.52 billion.