Nestlé (Malaysia) (NESTLE) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 rose 8.7% year-over-year to RM1.81 billion, driven by resilient domestic demand and stable exports.

• Profit before tax for Q2 2026 increased 38.4% to RM205.7 million, with profit after tax up 38.3% to RM155.0 million.

• For the first half of 2026, revenue grew 7.5% year-over-year to RM3.69 billion, and profit after tax rose 31.7% to RM360.1 million.

• Interim dividend declared at 80 sen per share, up from 70 sen in the prior year.

Financial highlights

• Gross profit for Q2 2026 was RM594.2 million, up 19.7% year-over-year; operating profit rose 31.3% to RM216.2 million.

• For H1 2026, gross profit increased 14.3% to RM1.19 billion, and operating profit rose 27.0% to RM500.8 million.

• Effective tax rate for Q2 2026 was 24.6%, slightly above the statutory rate due to non-deductible expenses.

• Net cash from operating activities for H1 2026 was RM709.8 million, up from RM553.7 million in H1 2025.

Outlook and guidance

• Focus remains on strengthening core brands, accelerating innovation, and expanding across all channels.

• Continued investment in digitalisation, automation, and operational efficiency to enhance competitiveness.

• Confident in delivering robust financial performance for FY2026 despite global uncertainties.