Carlsberg Brewery Malaysia Berhad (the Group) has posted a record net profit of $93 million (RM375.6 million), up 11.4%, on the back of lower revenue at $570 million (RM2.3 billion) for the financial year ended 31 December 2025 (FY25). The lower revenue was due to Chinese New Year (CNY) timing and subdued consumer sentiment across both markets.
The higher earnings were driven by price increases, value management initiatives, cost optimisation, and one-off trade offer adjustments from Singapore operations. The Group also saw a 1.6% increase in share of profit from its associate, Lion Brewery (Ceylon) PLC, to $8.9 million (RM36.2 million) in FY25. Earnings per share stood at 122.86 sen, up 11.4% from 110.25 sen in FY24.
For the fourth quarter ended 31 December 2025 (Q4FY25), revenue declined 10.8% to $129.8 million (RM523.6 million), mainly due to later 2026 CNY timing and lower distributor stocks, while net profit grew 22.0% to $23.8 million (RM96.2 million), supported by value management and reduced operating costs.
Managing Director Stefano Clini said the Group remains agile amid economic uncertainty and evolving consumption trends in Malaysia and Singapore, while continuing to deliver value to consumers and stakeholders.
Carlsberg Malaysia also won four accolades at the 16th Putra Brand Awards 2025, including Gold for Carlsberg, Silver for 1664, and Bronze for Connor’s and Somersby. The Group reinforced festive relevance through CNY packaging and launched Somersby Shandy in Malaysia and Singapore.
On ESG, the Group improved its FTSE4Good ESG Score to 3.8 in FY25 from 3.6, while retaining its MSCI ESG rating at AA with improved governance scores.
Looking ahead, the Group remains cautious amid macroeconomic challenges and excise duty impacts but expects the Visit Malaysia 2026 campaign to support tourism and consumer demand.