Heineken Reports Strong H1 2025 Results, Surpassing Expectations
Heineken reported an adjusted operating profit of €2.03 billion for the first half of 2025, exceeding market expectations. The company achieved 2.1% organic net revenue growth and confirmed its full-year profit growth forecast of 4-8%. Its Indian subsidiary, United Breweries Limited, showed significant growth with revenue up 23.35% and net profit increasing by 88.14% year-over-year in Q1 2025-26.

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Heineken, the global brewing giant, has delivered impressive financial results for the first half of 2025, exceeding market expectations and reaffirming its full-year growth forecast. The company's performance demonstrates resilience and operational strength across its business segments.
Financial Highlights
- Adjusted Operating Profit: €2.03 billion, surpassing the expected €2.01 billion
- Organic Net Revenue Growth: 2.1%
- Full-Year Profit Growth Forecast: Confirmed at 4-8%
Operational Performance
Heineken's solid results reflect strong operational execution across its various business segments. The company's ability to deliver growth in a challenging market environment underscores its strategic initiatives and brand strength.
Revenue and Profit Analysis
To provide context for Heineken's global performance, let's examine the financial data of its Indian subsidiary, United Breweries Limited (UBL):
Metric (in ₹ crore) | Q1 2025-26 | Q4 2024-25 | YoY Change |
---|---|---|---|
Revenue | 2,875.40 | 2,331.00 | 23.35% |
EBITDA | 322.00 | 194.70 | 65.38% |
Net Profit | 184.00 | 97.80 | 88.14% |
EPS (in ₹) | 6.95 | 3.69 | 88.35% |
United Breweries Limited has shown remarkable growth in the first quarter of the 2025-26 financial year compared to the previous quarter. The company's revenue increased by 23.35% year-over-year, while its EBITDA saw a significant jump of 65.38%. Net profit nearly doubled with an 88.14% increase, and earnings per share (EPS) grew by 88.35%.
Market Outlook
Heineken's confirmation of its full-year profit growth forecast of 4-8% signals confidence in its business model and market position. This outlook suggests that the company expects to maintain its growth trajectory despite potential market challenges.
The strong performance of both Heineken globally and its Indian subsidiary, United Breweries Limited, indicates a robust recovery in the beer market and effective execution of business strategies across different regions.
As Heineken continues to navigate the global beverage market, investors and industry observers will be keen to see if the company can maintain this momentum in the second half of 2025.
Historical Stock Returns for United Breweries
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.06% | -5.34% | -1.30% | -13.91% | -3.82% | +103.43% |