Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
28,753.00
29,821.00
30,362.00
28,719.00
21,941.00
19,715.00
23,969.00
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
28,753.00
29,821.00
30,362.00
28,719.00
21,941.00
19,715.00
23,969.00
Raw Material Cost
17,845.00
18,687.00
19,565.00
17,471.00
13,639.00
12,583.00
14,139.00
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
4,386.00
4,407.00
4,259.00
4,132.00
3,526.00
3,375.00
3,796.00
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
620.00
680.00
640.00
458.00
462.00
497.00
529.00
Selling and Distribution Expenses
7,108.00
7,403.00
7,450.00
7,098.00
5,112.00
5,018.00
6,054.00
Other Expenses
-500.60
-508.70
-489.90
-459.00
-398.80
-387.20
-432.50
Total Expenditure (Excl Depreciation)
24,953.00
26,090.00
27,015.00
24,569.00
18,751.00
17,601.00
20,193.00
Operating Profit (PBDIT) excl Other Income
3800
3731
3347
4150
3190
2114
3776
Other Income
183.00
-3.00
-4.00
217.00
1,411.00
-39.00
144.00
Operating Profit (PBDIT)
6,173.00
6,047.00
6,019.00
6,245.00
6,504.00
3,800.00
5,731.00
Interest
620.00
680.00
640.00
458.00
462.00
497.00
529.00
Exceptional Items
-524.00
-106.00
-199.00
173.00
-128.00
-1,242.00
-195.00
Gross Profit (PBDT)
10,908.00
11,134.00
10,797.00
11,248.00
8,302.00
7,132.00
9,830.00
Depreciation
2,289.00
2,549.00
2,876.00
2,013.00
1,840.00
1,873.00
1,887.00
Profit Before Tax
2,740.00
2,712.00
2,304.00
3,947.00
4,074.00
188.00
3,120.00
Tax
857.00
846.00
121.00
1,131.00
799.00
245.00
910.00
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
952.00
498.00
1,174.00
1,343.00
1,663.00
-102.00
1,087.00
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
952.00
498.00
1,174.00
1,343.00
1,663.00
-102.00
1,087.00
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
1,186.00
663.00
1,227.00
1,696.00
1,872.00
14.00
1,287.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
2,138.00
1,161.00
2,401.00
3,039.00
3,535.00
-88.00
2,374.00
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
1.6
1.6
1.6
1.6
1.6
1.6
1.6
Reserves
8,630.00
9,546.00
9,733.00
9,694.00
8,593.00
6,604.00
7,993.00
Earnings per share (EPS)
3.39
1.76
4.13
4.67
5.78
-0.35
3.78
Diluted Earnings per share
3.39
1.76
4.13
4.67
5.78
-0.35
3.78
Operating Profit Margin (Excl OI)
12.87%
11.74%
10.36%
13.98%
14.83%
9.97%
15.44%
Gross Profit Margin
17.49%
17.64%
17.06%
20.75%
26.95%
10.45%
20.89%
PAT Margin
3.31%
1.67%
3.87%
4.68%
7.58%
-0.52%
4.54%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is -3.58% vs -1.78% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 84.15% vs -51.65% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is -0.99% vs 0.45% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -8.82% vs 6.25% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Heineken Holding NV With
Figures in Million
Consolidate Annual Results
Change(EUR)
Change(%)
Net Sales
28,753.00
28,753.00
0.00
Other Operating Income
0.00
0.00
0.00
Total Operating income
28,753.00
28,753.00
0.00
Raw Material Cost
17,845.00
17,927.00
-82.00
-0.46%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
4,386.00
4,478.00
-92.00
-2.05%
Power Cost
0
0
0.00
Manufacturing Expenses
620.00
635.00
-15.00
-2.36%
Selling and Distribution Expenses
7,108.00
6,972.00
136.00
1.95%
Other Expenses
-500.60
-511.30
10.70
2.09%
Total Expenditure (Excl Depreciation)
24,953.00
24,899.00
54.00
0.22%
Operating Profit (PBDIT) excl Other Income
3,800.00
3,854.00
-54.00
-1.40%
Other Income
183.00
198.00
-15.00
-7.58%
Operating Profit (PBDIT)
6,173.00
6,200.00
-27.00
-0.44%
Interest
620.00
635.00
-15.00
-2.36%
Exceptional Items
-524.00
-578.00
54.00
9.34%
Gross Profit (PBDT)
10,908.00
10,826.00
82.00
0.76%
Depreciation
2,289.00
2,247.00
42.00
1.87%
Profit Before Tax
2,740.00
2,740.00
0.00
Tax
857.00
857.00
0.00
Provisions and contingencies
0
0
0.00
Profit After Tax
952.00
1,885.00
-933.00
-49.50%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
952.00
1,885.00
-933.00
-49.50%
Share in Profit of Associates
0
0
0.00
Minority Interest
1,186.00
253.00
933.00
368.77%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
2,138.00
2,138.00
0.00
Equity Capital
0
0
0.00
Face Value
1.60
1.60
0.00
Reserves
8,630.00
17,978.00
-9,348.00
-52.00%
Earnings per share (EPS)
3.39
3.38
0.01
0.30%
Diluted Earnings per share
3.39
3.38
0.01
0.30%
Operating Profit Margin (Excl OI)
12.87%
13.06%
0.00
-0.19%
Gross Profit Margin
17.49%
17.34%
0.00
0.15%
PAT Margin
3.31%
6.56%
0.00
-3.25%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 2,875.30 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -3.58% vs -1.78% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 213.80 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 84.15% vs -51.65% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 599.00 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -0.99% vs 0.45% in Dec 2024
Annual - Interest
Interest 62.00 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -8.82% vs 6.25% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 12.87%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






