Fraser and Neave, Limited (F&N) has announced a 13% increase in revenue for the first half of 2025, reaching $1,212.6m, driven by robust performance in its Food & Beverage (F&B) division. Despite market challenges, the company maintained profitability with a 2% rise in profit before interest and taxation (PBIT) to $165.1m.
The F&B division’s revenue surged by 15%, with the Beverages segment, including Beer and Soft Drinks, experiencing a 28% increase. This growth was attributed to successful Chinese New Year campaigns, new product launches, and improved pricing. The Dairies segment also saw an 8% rise in revenue, bolstered by strong domestic sales and contributions from the Malaysia Schools Milk Programme.
However, the Publishing & Printing segment faced a slight revenue decline of 1%, primarily due to the absence of one-off contributions from the previous year. The Group’s profit after taxation was slightly lower at $124.8m, reflecting a higher effective tax rate.
Chief Executive Officer Hui Choon Kit commented, “F&N has delivered a resilient performance despite the challenging market environment. Strong sales, a favourable cost environment, and positive forex movements in our F&B division reflect our ability to navigate external challenges.”
F&N also declared an interim dividend of 1.5 pence per share, consistent with the previous year. Looking ahead, the company is focusing on strengthening regional food security through its F&N AgriValley project, which aims to establish a sustainable fresh milk supply chain in Southeast Asia.
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