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Heineken Malaysia Maintains Growth Outlook Despite Profit Decline

Last updated on August 23, 2025

KUALA LUMPUR: Heineken Malaysia Bhd has reaffirmed its confidence in long-term growth, even as near-term earnings face headwinds from softer consumer sentiment and higher costs.

For the second quarter, the brewer reported a net profit of RM83 million, an 8.93% drop from RM91 million a year earlier, as revenue slipped 5% to RM539.7 million from RM565.5 million.

In the first half of FY2025, net profit eased 3.96% to RM205 million compared with RM213.6 million a year ago, while revenue fell 3.79% to RM1.3 billion from RM1.35 billion.

Despite the earnings dip, Heineken Malaysia declared a single-tier interim dividend of 40 sen per share, payable on Oct 30, underscoring its commitment to rewarding shareholders.

The group said the results reflected both more cautious consumer spending and ongoing investments in digital infrastructure and commercial initiatives to sustain long-term growth under its EverGreen strategy.

Managing director Martijn van Keulen described the first half of 2025 as a period shaped by a dynamic market environment but stressed the company’s strategy remains focused on topline growth, profitability, and capital efficiency, while embedding sustainability and responsible practices.

Heineken Malaysia noted that strengthening digital capabilities, leveraging data, and adopting modern work practices will be key to sustaining competitiveness and resilience.

“Although consumer demand moderated after the festive season and spending turned more cautious, we remain committed to delivering on our EverGreen strategy. We will continue to invest in our core brands and drive innovation through impactful activations that deepen engagement with our consumers,” van Keulen said.

Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.

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