Heineken Malaysia tumbles as Q2 profit plunges nearly 40%
Slumping demand from beer drinkers has cratered the sales of the Dutch brewer in Malaysia.
Malaysia's Heineken Bhd experienced its weakest quarterly performance in five years, with net profit plummeting 39% to RM50.53 million in Q2 FY2026. The company's shares dropped to their lowest since late 2023, slipping as much as 11% or RM2.10 to RM17, marking a 10.5% decline from the previous closing. This downturn occurred as demand from beer consumers fell significantly, exacerbated by softer consumer demand and inventory normalization.
For the first half of FY2026, Heineken Malaysia's net profit declined 24.45% to RM154.99 million, while revenue decreased 15.7% to RM1.1 billion. The research houses TA Securities and Hong Leong Investment Bank downgraded the stock, citing a gradual recovery in demand amid a shift towards off-trade channels and cautious consumer spending.
The stock has lost 25% year-to-date, impacting Carlsberg Brewery Malaysia Bhd as well. Despite the challenges, Heineken Malaysia's parent company revealed plans to relocate manufacturing operations from Singapore to Malaysia and Vietnam by Q3 2027.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
