Revenue fell by 6.4% y-o-y to $1.14 billion as beverages and dairies revenue fell. Beverages revenue was down by 12.2% y-o-y to $376.9 million mainly from an adverse currency impact of $65.8 million for the group’s beer operations in Myanmar after the adoption of the Singapore Financial Reporting Standards (International) or SFRS(I) 1-21. Excluding the foreign exchange (forex) impact, beverages revenue would have increased by 3.1% driven by price increases for beer and better volumes for soft drinks sales.
Fraser and Neave (F&N) has reported earnings of $81.6 million for the 1HFY2026 ended March 31, 2.9% lower y-o-y.
Earnings per share (EPS) before exceptional items dipped to 5.6 cents on a fully diluted basis, compared to 5.8 cents in the 1HFY2025.
