KUALA LUMPUR, Fraser & Neave Holdings Bhd (FNHB) reported a net profit of RM84.81 million for the third quarter ended June 30, 2025 (3QFY2025), down from RM121.62 million in the same period last year.
The drop in profit was mainly due to weaker earnings and unrecognised deferred tax assets related to losses from the group’s dairy farm operations, FNHB said in a filing with Bursa Malaysia.
Revenue for the quarter also declined by 4.5% to RM1.24 billion, compared to RM1.30 billion a year ago. This was mainly driven by softer performance in its food and beverage segments in both Malaysia and Indochina, reflecting cautious consumer spending after festive seasons and fewer tourist arrivals in Thailand.
However, strong double-digit growth in exports to other markets helped ease the impact, though shipments to Cambodia were disrupted by the Thailand-Cambodia border closure.
Looking ahead, FNHB said it expects continued uncertainty across its key markets due to cautious consumer sentiment, rising costs, and geopolitical tensions.
In response to the border issues, the group activated safety measures and rerouted exports to Cambodia via sea from Malaysia to maintain supply.
FNHB added that it will continue to closely monitor the situation, refine its procurement and sales strategies, and focus on innovation and healthier product offerings to drive resilience.
