Group Delivers Steady Performance Through Disciplined Execution, Consistent Dividend Payout and Unveils EverGreen 2030 Value Creation Strategy

• Revenue held steady at RM2.8 billion (FY24: RM2.8 billion)
• Profit Before Tax (PBT) increased by 4% to RM607.7 million (FY24: RM584.3 million)
• Net profit moderated by 2% to RM459.3 million (FY24: RM466.7 million)

Heineken Malaysia Berhad (HEINEKEN Malaysia) today announced its financial results for the full year ended 31 December 2025 (FY25), delivering a broadly stable performance amid a challenging operating environment.

The Group’s FY25 revenue reached RM2.8 billion, reflecting a slight uplift from FY24. This performance underscores the Group’s ability to sustain topline performance despite challenging operating environment and softer consumer sentiment.

Profit Before Tax (PBT) rose by 4% year-on-year to RM607.7 million, supported by disciplined cost management and consistent operational execution across the business.

Net profit for the year eased 2% to RM459.3 million, primarily driven by the non‑recurrence of reinvestment tax allowance that benefited FY24 performance. Excluding this one-off factor, the Group’s underlying profitability would have shown an improvement of approximately 4%.

For the fourth quarter ended 31 December 2025 (4QFY25), revenue increased by 2% to RM839 million compared to the same period last year, mainly driven by excise duty increase in November 2025, further supported by effective revenue management and distribution efforts, as well as strategic commercial initiatives. PBT for the quarter rose by 8%, reflecting improved revenue performance and sustained cost discipline.

Commenting on the results, Martijn van Keulen, Managing Director of HEINEKEN Malaysia, said, “HEINEKEN Malaysia delivered a steady performance in 2025, underpinned by robust revenue strategies and efficient cost management. Despite challenging operating environment and softer consumer sentiment, we maintained solid profitability, demonstrating the resilience of our business fundamentals and the steadfast commitment of our people.”

Reflecting this performance, the Board has declared a single-tier final dividend of 112 sen per stock unit for FY25, subject to shareholders’ approval at the upcoming 62nd Annual General Meeting. Upon approval, this will bring the total declared dividend for FY25 to 152 sen per stock unit. The dividend payout ratio for the year is 100%.

The Group boosted brand engagement in 2025, earning four Putra Brand and Putra Aria awards — Platinum for Heineken®, Gold for Tiger Beer and Guinness and Bronze for Edelweiss. Brand highlights in last quarter of the year include:

• Guinness Clubhouse, Malaysia’s first football-themed stay experience in Kuala Lumpur, leveraging Guinness’ role as the official beer of the Premier League.
• Heineken® Phones Off, Tap On, reinforces that celebrations are better when phones take a break, introducing a new 5-Litre Draught Home Bar Package to spark real-life connections.
• Edelweiss Lemon Honey, a limited-edition flavour expanding the brand’s lighter, flavour-led offering.
• Star Academy 2025 trained 1,500 bartenders nationwide and celebrated a historic milestone with the naming of its first female champion.

The Group’s focus on talent excellence and sustainability earned recognitions in 2025, including:

• Inclusion in Fortune 100 Best Companies to Work For™ Southeast Asia 2025
• Recognitions on the UN Global Compact Malaysia & Brunei (UNGC MYB) ESG Select List 2025 for water stewardship, climate action and circularity
• Awarded top honour for the Nature and Biodiversity category at the UNGC MYB 2025 Awards.

Looking ahead, Martijn added: “We expect external conditions to be more challenging, with macroeconomic uncertainty, inflationary pressures, and the impact of excise duty increase in November 2025 on beer likely to continue weighing on consumer sentiment and demand. We remain focused on productivity improvements and operational efficiency, strengthening our core business through portfolio and channel optimisation, and the acceleration of our digital transformation to deliver long-term value.”

He highlighted: “We acknowledge and appreciate the Royal Malaysian Customs Department for stepping up its enforcement efforts against illicit trade, which strengthens the industry ecosystem and safeguards legitimate industry players.”

The conclusion of the EverGreen 2025 strategy cycle marks the Group’s transition to EverGreen 2030, a sharpened five‑year strategy that provides a clear roadmap for sustainable, long‑term value creation. The EverGreen 2030 is anchored on three strategic pillars:

• Accelerating Growth by strengthening our brand portfolios, driving innovation and elevating consumers and customers centricity.
• Stepping Up Productivity by driving cost efficiency and generating value for growth.
• Becoming Future Fit by advancing digital transformation, sustainability leadership, and a high performance, people driven culture.

These priorities remain aligned with HEINEKEN’s global ambition to future-proof the business while delivering balanced growth for long term value. Visit www.heinekenmalaysia.com for more.

Honoured by UNGCMYB for watershed management and progress on climate action

PETALING JAYA, 9 February 2026 – HEINEKEN Malaysia has been recognised in the Nature & Biodiversity category at the Forward Faster Sustainability Awards 2026 (FFSA 2026), organised by the UN Global Compact Network Malaysia & Brunei (UNGCMYB), for its holistic water management approach that improves operational efficiency while advancing watershed protection. 

As part of its Towards Healthy Watersheds initiative, HEINEKEN Malaysia has improved water efficiency by 21% since 2014 at its Sungei Way Brewery, while treating wastewater to standards that exceed the requirements set by the Department of Environment. Beyond the brewery, the company has established long-term public–private partnerships through its corporate responsibility arm, SPARK Foundation, working in close collaboration with NGOs and local communities, and in support of government agencies, to implement watershed rehabilitation initiatives under its W.A.T.E.R Project (Working Actively Towards Education and Rehabilitation).

Since 2007, HEINEKEN Malaysia has invested RM16 million in protecting water resources, recognising that water is essential not only for environmental health but also for social well-being, community health, and resilience. Through awareness programmes and investments in nature-based solutions such as river rehabilitation and reforestation, the company aims to support long-term water security across Sungai Way, Sungai Penchala, and the Sungai Selangor basin.

A key success story under the W.A.T.E.R Project is the transformation of the Sungei Way River, which has improved from heavily polluted (Class IV–V) to Class III, enabling it to support aquatic life once again. Through SPARK Foundation, the company has also constructed a 305-metre clay dyke within a peat swamp forest and reforested three hectares of degraded peatland at the Sungai Selangor river basin to increase water storage capacity by raising the peatland water table, contributing to peatland stability and long-term ecosystem resilience. 

Additional efforts include installing 33 rainwater-harvesting systems that are linked to community gardens. These systems improve access to clean water, help mitigate water supply disruptions, reduce reliance on treated water for non-potable use, and alleviate pressure on shared water resources. By linking these water systems to community farming initiatives, HEINEKEN Malaysia also strengthens the water–food nexus, enabling small-scale agriculture, supporting local food production, and supplementing community livelihoods. These systems help communities manage water more reliably, ensuring crops can thrive and reducing vulnerability to water shortages. 

As a result of this integrated approach, HEINEKEN Malaysia has achieved over 200% water balancing since 2020, regenerating more than twice the volume of water used in its products. These outcomes are supported by independent verification using the Volumetric Water Benefit Accounting (VWBA) framework developed by the World Resources Institute (WRI), reinforcing transparency and accountability in measuring watershed impacts.

Speaking on the recognition, Martijn van Keulen, Managing Director of HEINEKEN Malaysia, said: “A healthy watershed is at the heart of our water strategy. By managing water both internally and externally, we integrate operational efficiency, watershed protection, and community engagement to support long-term water security for our business and the communities in which we operate.”

Commenting on the broader significance of the recognition, Renuka Indrarajah, Corporate Affairs & Legal Director of HEINEKEN Malaysia, added: “Our W.A.T.E.R Project under the SPARK Foundation, launched in 2007, reflects a long-term approach that invests in nature-based solutions such as reforestation and rainwater harvesting to replenish more water than we use in our products. We are grateful to our partners, communities, and stakeholders whose collaboration has enabled us to drive meaningful impact both within our operations and far beyond our production site. Their continued support inspires us to keep pushing forward in our shared mission to protect and restore our watersheds.”

In addition to the FFSA 2026 recognition, HEINEKEN Malaysia was also named a 3-Star Lister on UNGCMYB’s ESG Select List 2025, reflecting continued progress across key environmental priorities, including water stewardship, climate action, and circular resource management.

Together, these recognitions highlight HEINEKEN Malaysia’s sustainability progress under its Brew a Better World (BaBW) strategy. Guided by practical, science-based action, the company continues to focus on delivering measurable environmental outcomes while supporting resilient ecosystems and communities.

To read HEINEKEN Malaysia’s Towards Healthy Watersheds impact case study published by UNGCMYB, visit: https://www.ungcmyb.org/sustainability-impact-case-studies-directory.