Heineken N.V. reports on 2025 third quarter trading

Rhea-AI Summary

Heineken (OTCQX: HEINY) reported third-quarter 2025 trading with quarter revenue €8,712m and year-to-date revenue €25,636m. Net revenue (beia) was organically down 0.3% in Q3 and up 1.3% YTD. Beer volume was organically down 4.3% in Q3 and down 2.3% YTD, while premium beer volume was down 2.2% in Q3 but up 0.4% YTD. Heineken® volume was down 0.6% in Q3 and up 2.7% YTD. Management expects 2025 organic operating profit (beia) growth towards the lower end of 4%–8% guidance and targets €0.5bn gross savings for 2025.

Regional strength in Southern Africa, Vietnam and China partly offset weakness in Europe and the Americas; a FIFCO transaction in Central America was announced as earnings accretive.

Positive

• YTD revenue €25,636 million
• Heineken® volume +2.7% year-to-date
• Premium beer volume +0.4% year-to-date
• €0.5 billion gross savings target for 2025
• Reported FIFCO transaction in Central America described as earnings accretive

Negative

• Q3 net revenue (beia) organically down 0.3%
• Q3 beer volume organically down 4.3%
• Q3 premium beer volume down 2.2%
• Full-year 2025 organic operating profit (beia) growth now expected toward lower end of 4%–8% guidance
• Weakness reported in Europe and the Americas

 

Amsterdam, 22 October 2025 – Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces

Staying the course while navigating a challenging quarter

Key Quarterly Highlights

• Revenue €8,712 million for the quarter, €25,636 million year to date

• Net revenue (beia) organically down 0.3% for the quarter, up 1.3% year to date

• Beer volume organically down 4.3% for the quarter, down 2.3% year to date

• Premium beer volume organically down 2.2% for the quarter, up 0.4% year to date

• Heineken^® volume down 0.6% for the quarter, up 2.7% year to date

• 2025 organic operating profit (beia) growth anticipated to be towards the lower end of the 4% to 8% guidance

CEO Statement

Dolf van den Brink, Chairman of the Executive Board / CEO, commented:
"Macroeconomic volatility persisted as anticipated and became more pronounced in the third quarter, creating a challenging environment, resulting in a mixed performance. We expect consumer confidence and demand to recover when conditions normalise. 

Our advantaged geographical footprint helped us adapt, amongst others with solid beer volume growth in Southern Africa, gains across the portfolio in Vietnam, and continued strong growth for Heineken^® and Amstel in China, partially offsetting some of the weakness in Europe and the Americas. We are also excited about the announced FIFCO transaction in Central America, which will further strengthen our growth footprint and be earnings accretive.

Staying the course on our EverGreen strategy, our portfolio continues to evolve positively, with market share gains in a substantial majority of our markets, and Heineken^® and premium volume growing year-to-date. Furthermore, we are future-proofing the business by accelerating digital investments and reshaping our organisation.

Taking into account the challenging quarter, we remain confident in delivering €0.5 billion gross savings for 2025, and anticipate our full year organic operating profit (beia) growth to be towards the lower end of our 4% to 8% guidance."

Enquiries
Media		Investors
Christiaan Prins		Tristan van Strien
Global Communications Director		Investor Relations Director
Marlie Paauw		Lennart Scholtus / Chris Steyn
Global Media Lead		Investor Relations Manager / Senior Analyst
E-mail: pressoffice.heineken@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 conference call with Harold van den Broek, Chief Financial Officer, in relation to its Third Quarter 2025 Trading Update today at 09:30 CET/08:30 GMT. The call will be audio cast live via the company’s website: www.theheinekencompany.com. An audio replay service will also be made available after the conference call at the above web address. Analysts and investors can dial-in using the following telephone numbers:
United Kingdom (Local): 020 3936 2999
Netherlands (Local): 085 888 7233
USA (Local):  646 664 1960

For the full list of dial in numbers, please refer to the following link: Global Dial-In Numbers

Participation password for all countries: 776757.

On Thursday 23 October 2025 HEINEKEN is hosting a Capital Markets Event. To join virtually please refer to the following link: HEINEKEN CME 2025

Attachment

• HEINEKEN NV Q3 2025 Trading Update

FAQ

What revenue did Heineken (HEINY) report for Q3 2025?

Heineken reported Q3 2025 revenue of €8,712 million.

How did Heineken's volumes perform in Q3 2025 and year-to-date (HEINY)?

Beer volume was -4.3% organically in Q3 and -2.3% year-to-date; Heineken® volume was -0.6% in Q3 and +2.7% year-to-date.

What guidance did Heineken give for 2025 organic operating profit (beia)?

Management expects 2025 organic operating profit (beia) growth towards the lower end of 4%–8%.

What cost savings did Heineken announce for 2025 (HEINY)?

Heineken reiterated a target of €0.5 billion gross savings for 2025.

Which regions helped offset weakness for Heineken in Q3 2025?

Solid beer volume growth in Southern Africa, gains in Vietnam, and strong Heineken® and Amstel growth in China partially offset weakness.

Did Heineken announce any transactions in the Q3 2025 trading update (HEINY)?

Yes, Heineken announced a FIFCO transaction in Central America described as earnings accretive.