New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (8.5% net profit margin). Market cap is less than US$100m (S$71.9m market cap, or US$56.1m). Reported Earnings • Jul 16
First quarter 2027 earnings released: EPS: RM0 (vs RM0.001 in 1Q 2026) First quarter 2027 results: EPS: RM0 (down from RM0.001 in 1Q 2026). Revenue: RM61.1m (up 90% from 1Q 2026). Net income: RM152.0k (down 89% from 1Q 2026). Profit margin: 0.2% (down from 4.4% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jul 14
Duty Free International Limited Announces Board and Committee Changes with Effect from 15 July 2026 Duty Free International Limited announced the following changes to the Board and Board Committees with effect from 15 July 2026: - Dato' Sri Adam Sani bin Abdullah has been re-designated as Executive Chairman and relinquished his position as member of Nominating Committee and Remuneration Committee; Mr. Quek Meng Teck, Derrick has been appointed as member of Remuneration Committee; and Puan Haslin binti Osman has been appointed as member of Nominating Committee. Following the abovementioned changes, the composition of the Board and Board Committees shall be reconstituted as follows. Nominating Committee: Jeneral Tan Sri Dato' Sri Abdullah bin Ahmad @ Dollah bin Amad (B) Chairman, Mr. Quek Meng Teck, Derrick Member, Puan Haslin binti Osman Member. Remuneration Committee: Puan Haslin binti Osman Chairman, Jeneral Tan Sri Dato' Sri Abdullah bin Ahmad @ Dollah bin Amad (B) Member and Mr. Quek Meng Teck, Derrick Member.
The Nominating Committee and the Board of Directors (the "Board") of the Company have reviewed the redesignation of Dato' Sri Adam Sani bin Abdullah ("Dato' Sri Adam") from Non-Executive Chairman to Executive Chairman of the Company, in view of the Company's current business needs and strategic priorities. In his expanded executive role, Dato' Sri Adam will take a more active role in providing strategic leadership, overseeing the execution of the Company's business strategies, supporting management in operational matters, and driving the Group's growth initiatives. The Board considered his extensive knowledge of the Group's business, industry experience, leadership capabilities, and continued ability to contribute effectively to the Company's long-term objectives. Executive. Dato' Sri Adam is responsible for overall strategic leadership to the Group, oversee the execution of the Group's business strategies, work closely with the executive management team on operational and business matters, support business development initiatives, and oversee the Group's key strategic projects and growth plans. Dato' Sri Adam Sani is a self-made entrepreneur for more than 46 years. In 2000, he acquired a controlling stake in Atlan Holdings Bhd ("Atlan"), and was subsequently appointed as chairman and non-executive director of Atlan in June 2000 and subsequently re-designated as Executive Chairman on 14 January 2022. Atlan is listed on Bursa Malaysia and its subsidiaries are involved in a wide array of businesses in duty-free trading and retailing, property development, investment and hospitality as well as manufacturing of automotive component parts. Other DirectorShips Present. Atlan Holdings Bhd 2. Distinct Continent Sdn. Bhd. 3. United Industries Holdings Sdn. Bhd. 4. Yayasan Harmoni (Charity Foundation) 5. Alpretz Capital Sdn. Bhd. 6. Seven Wonders of The World Sdn. Bhd. 7. Jaringan Bina Sdn. Bhd. Dato' Sri Adam is currently a director of Duty Free International Limited. Professional Qualifications: Secondary Education, United Kingdom. 
