Well-balanced performance in challenging market conditions
| IFRS Measures | BEIA Measures | |||||||||
| (in € million) | Total growth | (in € million) | Organic growth | |||||||
| Revenue | 34,257 | -4.7% | Revenue (beia) | 34,395 | 0.2% | |||||
| Net revenue | 28,753 | -3.6% | Net revenue (beia) | 28,890 | 1.6% | |||||
| Operating profit | 3,406 | -3.2% | Operating profit (beia) | 4,385 | 4.4% | |||||
| Operating profit margin | 11.8% | 5 bps | Operating profit (beia) margin | 15.2% | 41 bps | |||||
| Net profit | 1,885 | 92.7% | Net profit (beia) | 2,662 | 4.9% | |||||
| Diluted EPS | 3.38 | 94.3% | Diluted EPS (beia) | 4.78 | 3.6% | |||||
| Free operating cash flow | 2,602 | |||||||||
| Net debt / EBITDA (beia) | 2.2x |
Unless stated otherwise, all comments and figures in this announcement refer to BEIA metrics, and growth % or bps indicate organic growth, except for Diluted EPS (beia) which is calculated on a constant currency basis.
Growth: Quality volume and mix with market share gains in subdued market conditions
Profitability: Strong productivity gains enabling margin expansion
| Strategie | Hebel | |||
| Steigender Kurs |
Call
|
5
|
10
|
20
|
| Fallender Kurs |
Put
|
5
|
10
| |
Capital Efficiency: Another year of solid cash flow generation, with improved ROIC
2026: Accelerating the disciplined execution of EverGreen 2030, integrating FIFCO
DOLF VAN DEN BRINK, CEO, COMMENTED:
“In 2025, we delivered a resilient and well-balanced performance. We gained share, drove cost and cash productivity, and increased investment behind our brands. Combined with agility and our advantaged footprint, this helped us navigate volatility and deliver within our guidance range. We reinforced our footprint through the acquisition of FIFCO in Central America, our largest acquisition in more than a decade, positioning us even more strongly for growth in the future.
As EverGreen 2025 concludes, we have made meaningful progress and advanced major transformations that strengthen our fundamentals. EverGreen 2030 builds on this with a sharper strategy, clearer resource allocation, and a stronger focus on value creation.
Now we pivot to the disciplined execution of EverGreen 2030. Our first priority is to accelerate growth, funded by stepped up productivity and operating model changes that will involve a significant cost intervention over the next two years. This will unlock stronger people productivity and enable greater speed and efficiency. At the same time, we remain prudent in our near‑term expectations for beer market conditions.”
Annual Report 2025
Today we published our Heineken N.V. ("HEINEKEN") Annual Report, providing an overview of our performance, future direction and progress on sustainability. You can access the full report here: https://www.theheinekencompany.com/2025results/
ENQUIRIES
| Media | Investors | |
| Christiaan Prins | Tristan van Strien | |
| Director of Global Communication | Global Director of Investor Relations | |
| Marlous den Bieman | Lennart Scholtus / Chris Steyn | |
| Head of Media | Investor Relations Manager / Senior Analyst | |
| E-mail: pressoffice@heineken.com | E-mail: investors@heineken.com | |
| Tel: +31-20-5239355 | Tel: +31-20-5239590 |
CONFERENCE CALL DETAILS
HEINEKEN will host an analyst and investor video webcast about its 2025 FY results today, 11 February 2026, at 10:00 CET/ 09:00 GMT/ 04:00 EST. The live video webcast will be accessible via the company’s website:
https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations.
An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:
| United Kingdom (local): +44 20 3936 2999 |
| Netherlands (local): +31 85 888 7233 |
| United States: +1 646 233 4753 |
| All other locations: +44 20 3936 2999 |
| For the full list of dial in numbers, please refer to the following link: Global Dial-In Numbers |
| Participation password for all countries: 375706 |
Attachment

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.