Carlsberg Malaysia's Q2 net profit ticks up 1.2pct to RM82.9mil

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd reported a 1.2 percent increase in net profit for the second quarter ended June 30, 2026, reaching RM82.9 million. This marks a rise from RM81.83 million in the same period last year. Revenue for the quarter also grew by five percent to RM514.89 million, up from RM490.17 million in the previous year. The improved financial performance was attributed to stronger sales and a higher profit contribution from the Malaysia operations.

However, the Singapore operations experienced a decline in revenue and profit from operations. This was due to weaker domestic sales amidst low consumer sentiment, which could not offset the impact of reduced export sales, a stronger ringgit, and the absence of prior year trade offer adjustments, according to the company.

For the six-month period, Carlsberg's net profit increased by 3.1 percent to RM181.86 million, as revenue grew by 5.9 percent to RM1.22 billion. Managing Director Stefano Clini attributed the improved performance in the quarter to stronger sales and higher profit contribution from Malaysia. Clini noted that the company anticipates a challenging operating environment due to volatile energy and input costs, geopolitical developments, and broader macroeconomic uncertainty.

He also mentioned that consumer sentiment is expected to remain cautious due to escalating cost-of-living pressures and moderating labor market conditions, which could negatively impact discretionary spending in the second half of the year.

Clino concluded by stating that Carlsberg will continue to closely monitor external developments, including potential supply chain risks arising from Middle East tensions, while focusing on disciplined value management, cost optimization, and prudent resource allocation.