Last updated on December 25, 2025
KUALA LUMPUR: Berjaya Food Bhd (BJFOOD) ended its latest financial year with the deepest losses since its 2011 listing, as prolonged consumer boycotts tied to the Middle East conflict forced impairments across its Starbucks Malaysia network.
For the fourth quarter ended 30 June 2025 (4QFY2025), the group reported a net loss of RM185.79 million, nearly five times higher than the RM38.2 million loss in the same quarter last year. Quarterly revenue fell 10% year-on-year (YoY) to RM115.9 million, compared to RM130.57 million previously.
The bottom line was primarily hit by impairment charges of RM149.88 million on property, plant and equipment (PPE) and right-of-use (ROU) assets, following the downsizing of its Starbucks operations.
No dividend was declared for the quarter. In contrast, Berjaya Food paid 0.44 sen per share in FY2024 and 3.5 sen in FY2023.
Full-Year Losses Deepen
For the full financial year (FY2025), net loss widened to RM291.99 million, more than triple the RM90.92 million reported in FY2024. Group revenue also contracted 36.5% YoY, falling to RM476.77 million from RM750.7 million.
Berjaya Food operates the Starbucks Coffee brand in Malaysia and Brunei, Kenny Rogers Roasters in Malaysia, and Paris Baguette in the Philippines.
Strategy and Outlook
In a statement, the group said it remains focused on:
- Consolidating its local store network to stabilise operations,
- Diversifying into overseas markets to build resilience, and
- Strengthening foundations for sustainable growth.
“Looking ahead, the group is committed to creating long-term value through innovation, digital transformation and stronger customer engagement. We aim to enhance brand equity, improve financial performance and drive international expansion to unlock greater shareholder value,” the company said.
Shares of Berjaya Food, which have fallen more than 15% year-to-date, closed unchanged at 29.5 sen on Wednesday, giving the group a market capitalisation of RM564.98 million.
