Heineken Malaysia Berhad (HEIM) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RM763.6 million, down 3% year-over-year, mainly due to the timing of Chinese New Year, which shifted festive sales into Q4 2024 rather than Q1 2025.

• Profit before tax remained stable at RM160.9 million, reflecting effective cost management and financial efficiency despite lower revenue.

• Net profit for the period was RM122.2 million, nearly unchanged from the prior year.

Financial highlights

• Operating profit for Q1 2025 was RM164.0 million, a 1% decrease year-over-year.

• Earnings per share stood at 40.44 sen, marginally lower than 40.54 sen in Q1 2024.

• Net assets per share increased to RM2.19 from RM1.79 as at 31 December 2024.

• Cash and cash equivalents rose to RM55.7 million from RM32.5 million at year-end 2024.

Outlook and guidance

• Profitability is expected to remain stable, supported by disciplined cost control and operational efficiency.

• Consumer sentiment may be affected by inflation and global economic uncertainties, including new U.S. tariffs and U.S.-China trade tensions.

• The company will continue to focus on commercial initiatives and the EverGreen strategy to drive growth.

• The government’s decision to maintain excise duties on beer is seen as positive for the industry.