Latest news with #RM1.52bil
The Star
24-07-2025
- Business
- The Star
Nestle confident of profit upswing in 2H25
Nestle (M) Bhd chief executive officer Juan Aranols. PETALING JAYA: Nestle (M) Bhd , which recorded earnings growth in the second quarter of financial year ended June 30, 2025 (2Q25), remains upbeat on its outlook for the second half of financial year 2025 (2H25), supported by sustained brand strength, digitalisation and cost optimisation to drive profit recovery despite ongoing market headwinds. Chief executive officer Juan Aranols said the company is confident that these efforts will continue to underpin growth and support recovery in the months ahead. 'As we navigate through 2H25, we remain confident in our ability to drive solid growth momentum and profit recovery through the coming quarters,' he noted in a statement. He said while the company remains 'mindful and vigilant of the geopolitical uncertainties that may impact the business environment in Malaysia,' it is well-positioned to stay resilient by accelerating digitalisation and boosting efficiencies to fund brand investments and innovation. 'We will further accelerate our journey through rapid digitalisation and pursuing efficiencies that fuel brand investments and innovations to strengthen market leadership,' he said. For 2Q25, Nestle's revenue rose 9.5% year-on-year to RM1.67bil from RM1.52bil, while net profit surged 19.8% to RM112.11mil from RM93.6mil. The growth was underpinned by broad-based brand performance and continued momentum from festive campaigns in the previous quarter. 'Alongside domestic sales, the company's export business also accelerated, confirming Nestle's international competitiveness while continuing to leverage its role as the largest halal manufacturing hub for the Nestle group worldwide,' the statement noted. For 1H25, revenue rose 4% to RM3.44bil from RM3.31bil in the same period last year, although net profit dipped 5.4% to RM273.45mil from RM289.11mil. Nestle attributed its performance to margin management amid persistent volatility in commodity prices, 'through the systematic application of the Nestle Virtuous Circle framework.' 'This approach emphasises a relentless focus on efficiency and cost optimisation to fund brand investments that drive growth and market share gains,' it noted. 'The profit improvement also reflects solid top-line recovery, supported by a prudent approach to pricing amid cost increases,' the company said. Aranols said the 2Q25 results validated the group's earlier guidance of returning to healthy growth in the 1H25. 'Amid market volatility and intense competition, we continued to drive strong brand plans with effective execution across all sales channels,' he added. Nestle declared a first interim dividend of 70 sen per share during the quarter – unchanged from a year ago. Throughout the quarter, the company maintained its focus on the key drivers of consumer preference for its brands and product offerings – particularly quality, taste and nutritional relevance. 'In combination with its wide distribution network and best-in-class commercial execution, the company's core products performed well, complemented by product innovations that have been positively received by consumers, helping to sustain market leadership positions,' it added. Nestle's shares closed 7% higher yesterday, up RM5.42 to RM82.32.
The Star
24-07-2025
- Business
- The Star
Strong sales momentum underpins Nestle Malaysia's higher bottomline in 2Q
Juan Aranols, CEO of Nestlé Malaysia —ONG SOON HIN /The Star Reporter Kiren KUALA LUMPUR: Nestle (Malaysia) Bhd has made good on its earlier guidance that it would return to healthy growth by the first half of 2025. In the second quarter ended June 30, 2025 (2QFY25), the food and beverage firm posted a net profit of RM112.11mil, up from RM93.6mil in the same quarter in 2024. Earnings per share rose to 47.81 sen from 39.91 sen in the comparative quarter. The group reported revenue of RM1.67bil, improved from RM1.52bil in 2QFY24, with strong sales momentum across brands and further sales progress following the festive campaigns in the preceding quarter. Nestle Malaysia CEO Juan Aranols attributed the positive performance to the company's ability to manage margins amid sustained volatility in commodity prices through the systematic application of the 'Nestlé Virtuous Circle' framework. He explained the approach as a relentless focus on efficiency and cost optimisation to fund brand investments that drive growth and market share gains. "Amidst market volatility and intense competition, we continued to drive strong brand plans with effective execution across all sales channels," he said. "We remain committed to continue honouring the trust Malaysians place in our brands and products, always Halal-certified and proudly made in Malaysia, by Malaysians and for Malaysians." Moving forward, Aranols said the group remains confident in the second half of 2025 as it drives solid momentum and profit recovery through the coming quarters. "We are mindful and vigilant of the geopolitical uncertainties that may impact the business environment in Malaysia," he added. During the six months period to June 30, 2025, Nestle's net profit slipped to RM273.45mil from RM289.11mil in 1HFY24, while revenue was higher at RM3.44bil from RM3.31bil in the same period in 2024. The board of directors declared an interim dividend of 70 sen with an entitlement date of Sept 3, 2025, and payment date on Oct 2, 2025.
The Star
16-05-2025
- Business
- The Star
Maxis posts higher net profit of RM371mil, declares 4c div/share
KUALA LUMPUR: Maxis Bhd is anticipating its service revenue to return to low single-digit growth as well as flat to low single-digit earnings before interest, tax, depreciation and amortisation (Ebitda) by the year-end. To achieve this, the telco said it will keep to a disciplined capital expenditure under RM1bil, "strategically invested in key areas for long-term growth and enhanced customer value". This was in line with the company's efforts to build greater resilience via strengthening core operaitons and driving digital transformation, said Maxis CEO Goh Seow Eng in a press statement. On Friday, the telco reported its first-quarter result for 2025, registering a net profit of RM371mil as compared to RM353mil in the year-ago quarter on lower depreciation and net finance costs. Revenue was marginally higher at RM2.61bil from RM2.6bil in 1QFY24, while earnings per share share rose to 4.7 sen from 4.5 sen in the comparative quarter. A first interim dividend of four sen per share was declared for the quarter, with entitlement date set on June 3, 2025, and payable on June 20, 2025. During the quarter, Maxis said service revenuue was 0.9% lower year-on-year (y-o-y) at RM2.17bil due mainly to changes in commercial arrangement related to the telco's device protection programme. The consumer mobile segment's service revenue was down 2.6% to RM1.52bil in accordance to the commercial arrangements, in addition to seasonal fluctuations and lower internconnect rates. However, the consumer mobile segment grew its subscriber base by 3.7% to 9.77 million. In the consumer home segment, Maxis's revenue expanded 4.1% to RM254mil while home subscribers grew 2.9% to 787,000, amid the adoption of fibre broadband and customised offerings through bundled and value-added services. According to Maxis, the recent launch of its solar installation prgoramme, Maxis Home Solar, also strengthened its converged home proposition as it expanded access to renewable energy to households in Peninsular Malaysia. For the enterprise segment, Maxis recorded a 2.8% increase in service revenue y-o-y to RM398mil on higher mobile subscriptions and deliveries of fixed and solution services. Maxis said it maintained an operating free cash flow of RM883mil, with a strong cash balance of RM1.23bil as at 1Q25, supported by effective working capital management.
