Heineken Malaysia Berhad (HEIM) Q4 2024 earnings summary

Executive summary

• Q4 FY2024 revenue rose 13% year-over-year to RM823.1 million, with full-year revenue up 6% to RM2.80 billion, driven by festive season sales and effective revenue management.

• Profit before tax increased 32% in Q4 and 14% for the full year, reflecting higher sales and cost management.

• Net profit for Q4 surged 42% year-over-year to RM140.9 million; full-year net profit grew 21% to RM466.7 million.

• Declared a total dividend payout of 155 sen per stock unit, representing 100% of full-year profit after tax.

• New product launches, sustainability initiatives, and a major sports partnership were highlighted.

Financial highlights

• Q4 FY2024 revenue reached RM823 million, up from RM729 million in Q4 FY2023.

• Q4 FY2024 net profit was RM141 million, up from RM99 million year-over-year.

• FY2024 revenue totaled RM2.80 billion, up from RM2.64 billion in FY2023.

• FY2024 net profit was RM467 million, up from RM387 million in FY2023.

• Earnings per share for 2024 was 154.50 sen, up from 128.04 sen in 2023.

Outlook and guidance

• Management remains optimistic for 2025, citing stable macroeconomic conditions and improved consumer confidence, but remains cautious due to ongoing economic volatility.

• 2025 challenges include geopolitical tensions, currency fluctuations, and illicit alcohol.

• Opportunities identified in increased tourism, higher disposable income, and stepped-up enforcement and awareness.

• Focus will remain on commercial execution, cost optimization, and the EverGreen strategy to sustain growth.

• No profit forecast was issued for the quarter.