Fraser & Neave Holdings Bhd. · MYX:F&N
Fraser & Neave Holdings Bhd — FY2025 Earnings Presentation
57 slides from Fraser & Neave Holdings Bhd's earnings presentation, Nov 10, 2025
Slide 1: Financial Results Briefing Full Year FY2025
FINANCIAL RESULTS BRIEFING FULL YEAR FY2025
Slide 2: Welcome
FRASER & NEAVE HOLDINGS BHD. WELCOME ANALYST & MEDIA BRIEFING FULL YEAR FY2025 CEO PRESENTATION LIM YEW HOE
Slide 3: Important Information
FRASER & NEAVE HOLDINGS BHD. IMPORTANT INFORMATION Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward looking statements and financial information involve known and unknown risks, uncertainties and other fact
Slide 4: Financial Year Highlights
FRASER & NEAVE HOLDINGS BHD. Financial Year Highlights
Slide 5: FY2025, a year of global and regional geopolitical uncertainties
FRASER & NEAVE HOLDINGS BHD. FY2025, a year of global and regional geopolitical uncertainties US Tariffs and Global Thailand & Cambodia Political & Civil Unrest Conflict in Middle East Trade Wars Border Conflict in Myanmar
Slide 6: Financial Results at a Glance
FRASER & NEAVE HOLDINGS BHD. -0.9% +5.1% F&NHB GROUP FULL YEAR FY2025 FINANCIAL RESULTS 5,196.6 745.5 REVENUE OPERATING PROFIT AT A GLANCE… RM MILLION RM MILLION +4.8% -5.4% -7.7 P.P -9.3 sen +78 sen -4.3 P.P 730.7 514.7 29.6% 138.9 BASIC sen 10.53 17.0% PROFIT BEFORE TAX PROFIT AFTER TAX NET ASSETS
Slide 7: FY2025 Financial Highlights
FRASER & NEAVE HOLDINGS BHD. FY2025 FINANCIAL HIGHLIGHTS F&NHB GROUP GROUP GROUP REVENUE OPERATING PROFIT RM Million RM Million Growth % +4.3 -1.4 -4.5 -2.3 -0.9 Growth % +16.1 -7.6 -20.8 +45.0 +5.1 5,245.6 5,196.6 745.5 709.5 REVENUE OPERATING PROFIT RM RM 5.20 BILLION 745.5 MILLION 243.0 209.3 207
Slide 8: Profit After Tax ("PAT")
FRASER & NEAVE HOLDINGS BHD. FRASER & NEAVE HOLDINGS BHD. PROFIT AFTER TAX (“PAT”) RM Million Growth % 67 -5.4% 20 9 4 23 18 20 2 544 515 FY2024 Higher business- Dairy farm's start- One-off non- Lower interest Higher tax from Tax benefit not Tax impact from Withholding tax FY2025 as-usual ("BAU") up
Slide 9: F&B Malaysia Highlights
FRASER & NEAVE HOLDINGS BHD. OPERATIONAL F&B MALAYSIA HIGHLIGHTS: F&B MALAYSIA F&B MALAYSIA REVENUE OPERATING PROFIT RM Million RM Million Growth % +0.9 -0.8 -7.0 +9.1 +0.4 Growth % +21.8 -21.1 -65.1 +43.2 -8.2 305.4 2,961.7 2,950.8 280.3 101.4 92.9 787.7 781.7 83.3 79.9 762.6 769.3 730.0 731.6 73.3
Slide 10: F&B Indochina Highlights
FRASER & NEAVE HOLDINGS BHD. OPERATIONAL F&B INDOCHINA HIGHLIGHTS: F&B INDOCHINA F&B INDOCHINA REVENUE OPERATING PROFIT RM Million RM Million Growth % Growth % THB +12.1 -1.3 -2.1 -16.8 -2.3 THB +9.0 3.7 7.6 2.6 5.5 -2.6 5.8 Growth % Growth % MYR +8.9 -2.2 -1.3 -15.4 MYR +5.9 2.9 8.8 4.5 2,291.0 474
Slide 11: Healthy Capital Structure
FRASER & NEAVE HOLDINGS BHD. HEALTHY CAPITAL STRUCTURE FRASER & NEAVE HOLDINGS BHD. ✓ Internally generated funds to fund ongoing CAPEX. ✓ Reduce negative carry. ✓ Gearing ratio improved to 17.0% following the repayment of 2nd Tranche of IMTN of RM110m in August 2025. FY2025 FY2024 Change Total Equit
Slide 12: Proposed Higher Final Dividend of 35 Sen Per Share
FRASER & NEAVE HOLDINGS BHD. PROPOSED HIGHER FINAL DIVIDEND OF 35 SEN PER SHARE Subject to shareholders’ approval at the forthcoming Annual General Meeting (FY2024: 33 sen) 30.0 35.0 65.0 PER SHARE DIVIDEND SEN SEN + SEN = 2024: 30.0 SEN 2024: 33.0 SEN 2024: 63.0 SEN INTERIM DIVIDEND FINAL DIVIDEND
Slide 13: Marketing Highlights
FRASER & NEAVE HOLDINGS BHD. Marketing Highlights Delivering More Enjoyment, More Goodness For Consumers
Slide 14: 2H New Products
FRASER & NEAVE HOLDINGS BHD. 2H New Products Delivering Wellness Through Innovation
Slide 15: FRASER & NEAVE HOLDINGS BHD.
FRASER & NEAVE HOLDINGS BHD.
Slide 16: FRASER & NEAVE HOLDINGS BHD.
FRASER & NEAVE HOLDINGS BHD.
Slide 17: FRASER & NEAVE HOLDINGS BHD.
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Slide 18: Delivering Wellness with Sustainability in Mind
FRASER & NEAVE HOLDINGS BHD. DELIVERING WELLNESS WITH SUSTAINABILITY IN MIND
Slide 19: Other Exciting Product Innovations
FRASER & NEAVE HOLDINGS BHD. OTHER EXCITING PRODUCT INNOVATIONS
Slide 20: 2H Marketing Campaigns
FRASER & NEAVE HOLDINGS BHD. 2H Marketing Campaigns Appealing to consumers and customers
Slide 21: 100PLUS Dahagakan Apa Jua
FRASER & NEAVE HOLDINGS BHD. No. 1 In Total CSD category in Malaysia 100PLUS Dahagakan Apa Jua More than just an electrolyte beverage, but a hydration companion
Slide 22: Carnation Campaigns
FRASER & NEAVE HOLDINGS BHD. Carnation Campaigns Parents’ Day Campaign Celebrating gratitude and togetherness “Own the C” Celebrating local heritage by owning the “C”
Slide 23: LOT 100 Fruity Rebrand 2.0
FRASER & NEAVE HOLDINGS BHD. LOT 100 Fruity Rebrand 2.0 Brand refresh for the gummy loved by all
Slide 24: NONA provides reliable convenience you can count on
FRASER & NEAVE HOLDINGS BHD. NONA provides reliable convenience you can count on…
Slide 25: F&NDT Carnation Campaigns
FRASER & NEAVE HOLDINGS BHD. F&NDT Carnation Campaigns Nationwide Reward Campaign Food Campaign
Slide 26: Delivering Care for Communities
FRASER & NEAVE HOLDINGS BHD. Delivering Care for Communities
Slide 27: 100PLUS: Cultivating local sports and athletes
FRASER & NEAVE HOLDINGS BHD. 100PLUS: Cultivating local sports and athletes 100PLUS Extends Partnership with BAM until 2028 SAM-100PLUS Awards 2024 100PLUS extends partnership with KPM 100PLUS Extends Partnership with FAM Srixon 100PLUS Junior Golf
Slide 28: Water Conservation Project at Bung Jagoi Heritage Village
Water Conservation Project at Bung Jagoi Heritage Village FRASER & NEAVE HOLDINGS BHD. Providing sustainable water supply to Jagoi Bidayuh community at Kuching, Sarawak Supported the Jagoi Bidayuh community by installing a new water pump system and repairing storage tanks, boosting eco-tourism and e
Slide 29: F&N School Recycling Programme
F&N School Recycling Programme FRASER & NEAVE HOLDINGS BHD. Programme expanded to engage >3,000 students through school outreach roadshow NATIONWIDE SCHOOL >10 MILLION KG OF Expanded this year to engage COMPETITION (PERKISS) RECYCLABLES >3,000 students through covering ALL 14 STATES collected by >1,
Slide 30: Long-term Partnership with Food Banks & Soup Kitchens
Long-term Partnership with Food Banks & Soup Kitchens FRASER & NEAVE HOLDINGS BHD. To distribute surplus or short-dated products to the community in need >20,000 kg of products channeled to community in need this year! LONG-TERM PARTNERSHIP WITH ESTABLISHED NGOS ▶ Yayasan Bursa Malaysia ▶ The Lost F
Slide 31: Empowering Children with Education
Empowering Children with Education FRASER & NEAVE HOLDINGS BHD. Nurturing young minds with essential skills and scholarships for future readiness >600 students from Montfort Boys Town equipped with essential IT literacy and culinary skills 40 elementary school students in Rojana, Thailand empowered
Slide 32: Awards & Recognition
FRASER & NEAVE HOLDINGS BHD. Awards & Recognition
Slide 33: Awards and Recognition
FRASER & NEAVE HOLDINGS BHD. Awards and Recognition Celebrating Our Award-Winning Brands and Initiatives The Edge ESG Awards 2025 F&NHB wins GOLD in the Consumer ASEAN Halal Brand Award 2025 Products & Services category Zero Accident Award 2025 By Thailand Institute of Occupational MSA Awards 2025 S
Slide 34: Unlocking Value
FRASER & NEAVE HOLDINGS BHD. Unlocking Value
Slide 35: Unlocking the Value
FRASER & NEAVE HOLDINGS BHD. UNLOCKING THE VALUE OF OUR NON-CORE PROPERTY ASSETS AND TO FOCUS ON OUR CORE BUSINESS: Proposed disposal of 50% equity interest in Vacaron Company Sdn Bhd (Vacaron”) to Tan & Tan Developments Berhad (“TTDB”) (“Proposed Transaction”) • Vacaron is a joint venture company w
Slide 36: Delivering More for the Future
FRASER & NEAVE HOLDINGS BHD. Delivering More for the Future
Slide 37: Highly Flexible Production of SCM and EVAP Milk at Lowest Cost
FRASER & NEAVE HOLDINGS BHD. F&N Foods Cambodia Co., Ltd Plant Construction Progress 90% Oct : Electricity and Water supply Highly Flexible Production of SCM and Nov : Utility Commissioning test Dec : Production line Commissioning EVAP Milk at Lowest Cost Of Manufacturing…
Slide 38: Smart Automation Meets Skilled Workforce: Butterworth Factory
FRASER & NEAVE HOLDINGS BHD. Smart Automation Meets Skilled Workforce: Butterworth Factory Cuts Costs with Lean, Capable Team Plant is now producing F&N Ice Mountain Drinking Water and F&N Carbonated Soft Drinks. Butterworth Plant Opening | 4 August 2025
Slide 39: F&N AgriValley
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley
Slide 40: Building Momentum, Achieving Milestones
FRASER & NEAVE HOLDINGS BHD. Building Momentum, Achieving Milestones… Our infrastructure is complete and fully operational, delivering efficiency across barns, milking parlours, dormitories, dairy factories, and crop fields. We have turned plans into reality and are ready for sustainable growth. BAR
Slide 41: F&N AgriValley
Reservoir 1 FRASER & NEAVE HOLDINGS BHD. Dormitory Dairy Factory Complex Milking Parlour Calf Barns 1&2 Feed Storage, Silage Cow Barns Pits, TMR System Biodigester & Manure Treatment Biogas Generator Crops Complex F&N AgriValley 48 48
Slide 42: F&N AgriValley: Dormitory
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley DORMITORY
Slide 43: F&N AgriValley: Dairy Factory
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley DAIRY FACTORY
Slide 44: F&N AgriValley: Biodigester
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley BIODIGESTER
Slide 45: F&N AgriValley: Reservoir
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley RESERVOIR
Slide 46: F&N AgriValley: Crops Complex
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley CROPS COMPLEX
Slide 47: F&N AgriValley: Milking Parlour
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley MILKING PARLOUR
Slide 48: F&N AgriValley: Corn Farm
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley CORN FARM
Slide 49: F&N AgriValley: Feed Storage
FRASER & NEAVE HOLDINGS BHD. F&N AgriValley FEED STORAGE
Slide 50: Target Achieved: Over 28 Liters Per Cow Daily
Target Achieved: TOTAL HERD LACTATING COWS Over 28 Liters Per Cow Daily +4,400 >2,000
Slide 51: 500+ Hectares Ready for Planting
500+ Hectares Ready for Planting Reducing feed costs is our key success driver, with over 500 hectares in Pasir Besar ready for planting by March, we are moving full speed ahead towards sustainable growth.
Slide 52: More Land, Lower Feed Costs, Londah Development Underway
FRASER & NEAVE HOLDINGS BHD. FRASER & NEAVE HOLDINGS BHD More Land, Lower Feed Costs, Londah Development Underway With over 500 hectares in Pasir Besar ready for planting by March and an additional 500 hectares secured in Londah, we are accelerating efforts to lower feed costs and strengthen sustain
Slide 53: Freshness Perfected: Commercial Run Starts January 2026
Freshness Perfected: Commercial Run Starts January 2026 Our dairy factory is fully licensed and equipped with advanced production lines, ensuring readiness for seamless operations and high-quality output. Dairy Factory HACCP certification
Slide 54: Scaling Up: Second 2,500 cattle to Boost Production
FRASER & NEAVE HOLDINGS BHD. Scaling Up: Second 2,500 cattle to Boost Production To lower fresh milk costs, we are boosting production with 2,500 cattle that arrived yesterday. Quarantine protocols in place; lactation starting January 2026. 50+ Lorries to transfer 2,500 cattle from Pasir Gudang to G
Slide 55: Outlook
OUTLOOK
Slide 56: Outlook
FRASER & NEAVE HOLDINGS BHD. Outlook • As a Group, we remain committed to long-term growth through Strategic strategic investments that broaden our consumer reach and reduce Investments environmental impact. & Roadmap • Strategic initiatives such as F&N AgriValley reflect our ambition to offer Malay
Slide 57: Thank You
Thank You Visit us at www.fn.com.my
Fraser & Neave Holdings — FY2025 Earnings Presentation on 6ix