Heineken FY2025 EPS $2.84 ADR, plans 6,000 job cuts to offset slump
Heineken reported FY2025 adjusted EPS of $2.84 per ADR, organic revenue up 0.2% to €34.4 billion, operating profit +4.4% to €4.4 billion and net profit +4.9% to €2.7 billion, boosting margin to 15.2%. The brewer will cut up to 6,000 jobs (7% workforce) using AI after a 2.4% volume slump.
1. FY2025 Financial Performance
Heineken delivered adjusted EPS of $2.84 per ADR, matching analyst forecasts, with organic revenue rising 0.2% to €34.4 billion. Net revenue excluding excise taxes reached €28.9 billion, operating profit climbed 4.4% to €4.4 billion and operating margin improved by 41 basis points to 15.2%. Net profit increased 4.9% to €2.7 billion, supported by over €500 million in gross savings, free cash flow of €2.6 billion and a net debt to EBITDA ratio of 2.2x.
2. Workforce Reductions and Productivity Plan
The company will reduce its headcount by up to 6,000 roles, equivalent to 7% of its workforce, through AI-driven productivity initiatives following a 2.4% decline in total beer volumes during 2025. Despite 2.7% own-volume growth and a 1.9% rise in global brands volume, overall volume weakness prompted these cuts to safeguard margins and profitability.