F&NHB Delivers More, Strategic Investments Yield Results
Fraser & Neave Holdings Bhd (“F&NHB” or “the Group”) held its 64th Annual General Meeting today. In a presentation to shareholders on behalf of the board and management, F&NHB Chief Executive Officer Lim Yew Hoe highlighted the Group’s financial performance and other developments in FY2025, covering the period from 1 October 2024 to 30 September 2025.
The Group recorded RM5.2 billion revenue in FY2025, with Group operating profit and profit before tax growing by 5.1% and 4.8% respectively, supported by lower input costs and operational discipline. Strong contributions from existing business units cushioned the impact of start-up investments at F&N AgriValley, underscoring the Group’s resilience and strength across its core operations.
Chief Executive Officer of F&NHB Lim Yew Hoe said, “FY2025 marked a pivotal phase in F&NHB’s growth journey. During the year, we evolved from our earlier focus on capturing value across the entire value chain to a renewed commitment to Delivering More — more value, more innovation and a greater positive impact for all stakeholders, while driving long-term sustainability and prosperity for the business.
Progress on Track
Shareholders at the AGM expressed confidence in F&NHB’s strategic direction as they learnt about the progress and key developments during the year.
The new F&N Beverages plant in Butterworth commenced operations in August 2025, producing drinking water and carbonated beverages for markets in northern Peninsular Malaysia. This reduces reliance on goods manufactured at the Shah Alam plant and lowers logistics-related emissions while improving supply chain efficiency, strengthening cost competitiveness and supporting a leaner, more agile operations network.
Investments in the F&N AgriValley integrated dairy farm are beginning to deliver results, with milk production and crop harvesting commencing in FY2025. This milestone enhances the Group’s ability to provide high-quality fresh milk at competitive prices while laying the foundation for future growth. Other than domestic Malaysia market, milk from F&N AgriValley is channelled into the production of BEAR BRAND Sterilised Milk, supporting export expansion into Cambodia and positioning the business to capture new opportunities in regional markets.
Construction of the F&N Foods (Cambodia) Co., Ltd facility remains on schedule for completion by March 2026, set to produce sweetened condensed and evaporated milk, thus enabling localised and cost-efficient production for Indochina. Building on F&NHB’s strong distribution presence in Cambodia, the new plant enhances scalability and resilience while strengthening the Group’s regional footprint for future growth.
“Reflecting the Group’s performance and positive developments in FY2025, the Board recommended a higher final single-tier dividend of 35.0 sen per share (FY2024: 33.0 sen per share) for the financial year ended 30 September 2025, which was approved by shareholders at the AGM. This brings the total dividend for FY2025 to 65.0 sen per share (FY2024: 63.0 sen per share), amounting to a total payout of RM238.4 million (2024: RM231.1 million). The final dividend of approximately RM128.4 million (FY2024: RM121.0 million) is scheduled to be paid on 10 February 2026,” said Lim.
Smarter, More Strategic Operations
Looking ahead, F&NHB remains focused on building future value through innovation, diversification and transformation, delivering more sustainable value for all.
Elaborating on the outlook for FY2026, Lim said, “Innovation remains central to driving F&NHB’s continued relevance and competitive edge, where we consistently refresh our product portfolio to meet evolving consumer preferences by introducing new products such as plant-based milk and sugar-free beverage variants. While geopolitical uncertainties and macroeconomic headwinds are expected to persist, the Group’s strong financial position, healthy cash flow from core operations, and disciplined cost management and asset optimisation place us in a solid position to navigate these challenges with agility and resilience.
“Against this backdrop, our priority for FY2026 is to accelerate market share growth, with a strong focus on ensuring supply continuity across Indochina while building the Group’s next pillars of growth. At a broader level, F&NHB remains committed to creating sustainable long-term value through disciplined strategic investments that expand our consumer reach and reduce environmental impact,” Lim added.
Delivering Excellence and Impact
Reflecting on the Group’s purpose and principles, F&NHB Chairman YAM Tengku Syed Badarudin Jamalullail said, “Despite a challenging 2025, I am proud that our team remained steadfast in building a better business, contributing to a better society and nurturing a better planet. Throughout FY2025, we reaffirmed our commitment to supporting communities through numerous initiatives—from festive outreach programmes that brought cheer to more than 150,000 people, to providing essential flood relief to impacted communities.”
He added that the Group also made strong progress in embedding environmentally responsible practices across its operations during the year. “Our solar installations across Malaysia and Thailand now generate over 19 million kWh of clean energy annually—the equivalent of the carbon absorption of approximately 88,000 trees. We have made purposeful progress in delivering greater value, impact and long-term progress for our people, our communities and our planet. These initiatives demonstrate our belief that environmental stewardship and community wellbeing are mutually reinforcing,” he said.
In recognition of these efforts, F&NHB received broad industry accolades in FY2025, including the Gold Award (Consumer Products & Services) at The Edge ESG Awards 2025 and the ASEAN Halal Brand Award 2025 for its exemplary Halal standards and contribution to regional economic development. The Group also ranked among the Top Ten Global Beverage Companies in the S&P Global Corporate Sustainability Assessment (CSA) 2025.