PETALING JAYA: Heineken Malaysia Bhd’s net profit fell 38.8% to RM69.18 million for the third quarter ended Sept 30, 2026 (Q3’26), from RM112.95 million in the corresponding quarter last year, mainly due to lower sales volume amid subdued consumer sentiment, higher excise duty and inventory normalisation.
According to a filing with Bursa Malaysia today, revenue declined 17.8% to RM539.14 million from RM656.05 million a year earlier, while profit before tax (PBT) dropped 38.7% to RM91.16 million from RM148.78 million.
The brewer said the weaker performance reflected subdued consumer sentiment, the impact of the additional 10% excise duty effective Nov 1, 2025, and ongoing inventory normalisation across its distributor and outlet networks, which was largely completed in Q3’26.
