Heineken Malaysia Berhad (HEIM) investor relations material

Executive summary

• Focus remains on EverGreen 2030 strategy, emphasizing long-term resilience, balanced growth, and disciplined execution.

• Revenue for Q2 FY2026 declined 19% year-over-year to RM434.7 million, with net profit down 39% to RM50.5 million, driven by softer consumer sentiment and inventory normalization.

• For the six months ended 30 June 2026, revenue fell 16% to RM1.10 billion and net profit dropped 24% to RM155.0 million compared to the same period last year.

• Sequentially, Q2 2026 revenue and net profit decreased 35% and 52% respectively from Q1 2026, reflecting post-festive seasonality.

• Market conditions are challenging due to softening consumer sentiment, geopolitical uncertainty, and illicit market pressures.

Financial highlights

• 2Q FY2026 revenue was RM434.7M, down 19% year-over-year; net profit was RM50.5M, down 39%.

• 1H FY2026 revenue was RM1.1B, down 16% year-over-year; net profit was RM155.0M, down 24%.

• Operating profit for Q2 2026 was RM68.1 million, down 39% year-over-year; for the half-year, operating profit was RM209.5 million, down 24%.

• Earnings per share for the half-year was 51.30 sen, compared to 67.91 sen in the prior year.

• Interim dividend of 40 sen per stock unit declared, unchanged from 1H FY2025, representing a 78% payout of 1H FY2026 profit after tax.

Outlook and guidance

• Strategy focuses on accelerating growth through sharper execution in brands, occasions, and channels.

• Productivity improvements targeted via supply chain optimization and inventory normalization.

• Continued investment in digitalization and future-ready capabilities.

• Market outlook remains uncertain due to geopolitical tensions, regional trade disruptions, and subdued consumer sentiment.

• Export activities are set to commence in Q3 2026, supporting supply chain optimization and operational efficiency.