Heineken Malaysia Berhad (HEIM) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue rose 6% year-over-year to RM656.0 million, with profit before tax up 16% to RM148.8 million, driven by effective revenue management and cost discipline.

• For the nine months ended 30 September 2025, revenue was RM1,959.4 million (down 1% year-over-year), while profit before tax increased 2% to RM419.1 million, reflecting operational resilience.

• Sequentially, Q3 2025 revenue and profit before tax increased 22% and 36% respectively from Q2 2025.

Financial highlights

• Net profit for Q3 2025 was RM112.9 million, up 1% year-over-year; nine-month net profit was RM318.1 million, down 2% year-over-year.

• Basic earnings per share for the nine months was 105.30 sen, compared to 107.88 sen in the prior year.

• Operating profit for Q3 2025 was RM151.2 million, up 16% year-over-year; nine-month operating profit was RM426.0 million, up 2%.

• Cash generated from operations for the nine months was RM427.7 million, with net cash from operating activities at RM320.2 million.

Outlook and guidance

• Focus remains on strengthening core business, operational efficiency, and strategic initiatives amid macroeconomic headwinds and cost pressures.

• Excise duty increase for alcohol products effective 1 November 2025 expected to impact consumer sentiment and costs.

• Ongoing investments in digital infrastructure and agile practices to enhance competitiveness and resilience.