Duty Free International (SGX:5SO) Retained Earnings: S$32.75 Mil (As of May. 2026)

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What is Duty Free International Retained Earnings?

Duty Free International SGX:5SO +4.55% Retained Earnings is S$32.75 Mil as of May. 2026. The stock has 3 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Duty Free International's retained earnings for the quarter that ended in May. 2026 was S$32.75 Mil.

Duty Free International's quarterly retained earnings increased from Nov. 2025 (S$26.66 Mil) to Feb. 2026 (S$32.81 Mil) but then declined from Feb. 2026 (S$32.81 Mil) to May. 2026 (S$32.75 Mil).

Duty Free International's annual retained earnings increased from Feb. 2024 (S$16.12 Mil) to Feb. 2025 (S$25.77 Mil) and increased from Feb. 2025 (S$25.77 Mil) to Feb. 2026 (S$32.81 Mil).

Duty Free International  (SGX:5SO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Duty Free International Retained Earnings Historical Data

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The historical data trend for Duty Free International's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Duty Free International Retained Earnings Chart

Duty Free International Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.67 16.44 16.12 25.77 32.81

Duty Free International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.54 25.40 26.66 32.81 32.75

Duty Free International Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of S$32.75 Mil mean?
Duty Free International (SGX:5SO) has a Retained Earnings of S$32.75 Mil as of May. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Duty Free International and its competitors.
Is Duty Free International's Retained Earnings too high?
Duty Free International's current Retained Earnings is S$32.75 Mil.
How does Duty Free International's Retained Earnings compare to CASY and WSM?
Duty Free International's Retained Earnings of S$32.75 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Retail - Cyclical company?
A good Retained Earnings depends on the Retail - Cyclical industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Duty Free International and its competitors. Duty Free International's current Retained Earnings is S$32.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duty Free International stock overvalued right now?
Based on GuruFocus' analysis, Duty Free International (SGX:5SO) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.07 — trading 46.9% below its estimated fair value. The current Retained Earnings is S$32.75 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Duty Free International (SGX:5SO), the current Retained Earnings is S$32.75 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Duty Free International Business Description

Address 138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538
Duty Free International Ltd is a diversified group engaged in the operations of duty-free retail businesses and the manufacture of automotive component parts. Its segments include Trading of duty free goods and non-dutiable merchandise includes revenues from sale of goods, Manufacturing and supplying of automotive component parts includes revenues from sale of goods, and Investment holding and others includes revenues from sale of oil palm fresh fruit bunches. The majority of revenue is derived from Trading of duty free goods and non-dutiable merchandise segment. Beyond its core businesses, DFI also owns the Black Forest Golf and Country Club and oil palm plantation assets. The activities of the company are carried out mainly in Malaysia.