Mainboard-listed Fraser and Neave (F&N) has posted profit after tax of $210.4 million for FY2025 ended Sept 30, 4% lower y-o-y, owing to higher tax expenses following the end of a tax incentive for a Thailand subsidiary.
Attributable profit before exceptional items and fair value adjustment was flat y-o-y at $150.4 million, despite revenue growing 7% y-o-y to $2,322.8 million and profit before interest and tax rising 4% y-o-y to $308.1 million.
Earnings per share was flat y-o-y at 10.3 cents.
F&N’s board has proposed a final dividend of 4 cents per share, bringing total dividends for FY2025 to 5.5 cents per share, unchanged y-o-y.
This reflects a payout ratio of about 53% of attributable earnings before exceptional items and fair value adjustment.
Subject to shareholder approval at its annual general meeting on Jan 27, 2026, the final dividend will be paid on Feb 11, 2026.
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According to a Nov 12 bourse filing, F&N’s F&B segment posted a 9% y-o-y increase in revenue to $2,048.6 million and a 6% y-o-y rise in profit before interest and tax to $302.1 million during the year.
The group’s publishing and printing segment, however, saw revenue fall 2% y-o-y to $196.6 million and a loss before interest and tax of $5.5 million, up from a loss of $1.5 million in FY2024.
Rahul Colaco, who succeeded Hui Choon Kit as CEO on Oct 1, says FY2025 was “a year of steady progress for F&N”. “Our performance reflects the strength of our brands, our people’s dedication and our culture of disciplined execution and innovation. These, together with a more favourable cost and currency environment, helped the group deliver higher revenue and earnings despite regional operational challenges, broader economic headwinds and cautious consumer sentiment.”
Shares in F&N are trading flat at $1.48 and have gained 8.8% year to date.
