2 days ago
Heineken Malaysia posts weaker 1H amid moderating consumer demand, cautious sentiment
KUALA LUMPUR: Heineken Malaysia Bhd saw a weaker earnings performance in the first half of the financial year as it faced headwinds from a combination of factors, including the timing of Chinese New Year, moderated consumer demand and the group's continued investments in commercial initiatives and digital
infrastructure.
"Despite the ongoing macroeconomic challenges, we remain agile and forward-looking by harnessing the power of digital solutions and data-driven decision-making.
"This approach strengthens Heineken Malaysia's long-term resilience to ensure we stay relevant to our customers and consumers in a dynamic market environment,' said managing director Martijn van Keulen in a statement.
In 2QFY25, Heineken posted a net profit of RM83mil, down from RM91.13mil in the year-ago quarter, which translated to an earnings per share of 27.47 sen against 30.17 sen previously.
The brewer reported a revenue of RM539.73mil, a decline from RM565.5mil in the previous corresponding period, reflecting the more cautious consumer sentiment.
For the six months period to June 30, 2025, Heineken's net profit came to RM205.15mil, as compared to RM213.61mil in the year-ago period. Revenue dropped to RM1.3bil from RM1.35bil in the comparative period.
The board of directors declared an interim dividend of 40 sen per share, with entitlement date on Oct 9, 2025, and payable on Oct 30, 2025.
According to the group, it continues to invest in commercial initiatives and digital infrastructure through the implementation of its Digital Backbone, a digital transformation programme designed unlock the power of data, streamline processes and boost innovation to support long-term growth.
This initiative is part of the group's EverGreen strategy to future-proof its business.
