Fraser and Neave (F&N) has posted earnings — or attributable profit — of $47.4 million for the 1QFY2026 ended Dec 31, 2025, 8.9% lower y-o-y.
Earnings per share (EPS) stood at 3.3 cents, 8.3% lower y-o-y.
Group revenue fell by 4.1% y-o-y to $592.9 million as the beverages segment was impacted by the timing of Chinese New Year and lower beer volumes despite favourable foreign exchange (forex) translation.
Revenue for dairies fell due to softer demand in Indochina, but was partly offset by the Malaysia School Milk programme and favourable forex translation from the Malaysian ringgit (MYR) and Thai baht.
Revenue for F&N’s publishing & printing (P&P) arm rose by 4% y-o-y mainly due to the education segment, particularly in Singapore.
Profit before interest and tax (PBIT) rose by 7.6% y-o-y to $98.8 million as PBIT margin rose by 180 basis points y-o-y to 16.7%.
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However, profit after tax (PAT) fell by 13.6% y-o-y to $64.1 million due to the absence of tax write backs in the previous year.
As at Dec 31, 2025, cash and bank balances stood at $373.2 million. Total assets and total liabilities & equity both stood at $5.46 billion.
Shares in F&N closed 1 cent higher or 0.67% up at $1.51 on Feb 10.
