Heineken NV 2025 BEIA Revenue +0.2% to €34.4B and Net Profit +4.9% to €2.66B
Heineken NV reported 2025 BEIA organic revenue growth of 0.2% to €34.4 billion, operating profit up 4.4% to €4.39 billion and margin up 41 bps to 15.2%. Net profit rose 4.9% to €2.66 billion, diluted EPS climbed 3.6% to €4.78 and free operating cash flow reached €2.60 billion.
1. Revenue and Organic Growth
Heineken NV’s full-year BEIA revenue reached €34.395 billion, reflecting 0.2% organic growth despite a 4.7% decline under IFRS at €34.257 billion. Net revenue rose 1.6% organically to €28.890 billion under BEIA measures, cushioning underlying volume pressures.
2. Profitability Improvement
Operating profit under BEIA metrics climbed 4.4% to €4.385 billion, lifting the BEIA margin by 41 basis points to 15.2%. IFRS operating profit fell 3.2% to €3.406 billion, constrained by higher input costs and unfavorable currency impacts.
3. Net Profit and EPS Growth
BEIA net profit rose 4.9% to €2.662 billion, alongside a 3.6% increase in diluted BEIA EPS to €4.78. Under IFRS, net profit surged 92.7% to €1.885 billion and diluted EPS jumped 94.3% to €3.38, driven by non-recurring gains.
4. Cash Flow and Leverage
Free operating cash flow reached €2.602 billion, supporting a net debt/EBITDA ratio of 2.2x under BEIA metrics. Robust cash generation provides flexibility for debt reduction and potential shareholder distributions.