Malaysia: Carlsberg Brewery Malaysia’s net profit grows 7.5% in Q1

Carlsberg Brewery Malaysia Bhd reported an 8.7 per cent lower revenue but a 7.5 per cent higher net profit for the first quarter ended March 31 2025.

Its net profit stood at RM94.5 million on the back of a RM662.8 million turnover, Carlsberg Malaysia said today.

"We delivered a solid first quarter of the year, despite subdued consumer spending in an environment with increased macroeconomic volatility," said Carlsberg Malaysia managing director Stefano Clini.

"We remain committed to staying agile and responsive to market dynamics and competition in both Malaysia and Singapore, ensuring that we continue delivering value to our consumers and stakeholders," he added.

The company said the lower top-line performance was impacted by the shorter Chinese New Year timing, as part of the festive sales had already been captured in December 2024.

A higher base was also recorded in same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024.

The absence of additional deferred tax liabilities from foreign withholding tax in the company's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised in the first quarter of FY2024, contributed to the higher net profit in the quarter under review.

Carlsberg Malaysia's earnings per share for the quarter stood at 28.76 sen, compared to 27.81 sen in Q1FY24.

The company announced the first interim dividend of 23 sen per share for the quarter.