Asahi Group Holdings H1 2025 Financial Results
- Revenue grew +0.6% YoY and declined -1.4% YoY on an actual currency basis.
- Core operating profit decreased -3.2% YoY and -5.4% YoY on an actual currency basis.
- Total sales volume of all five of our global brands grew +1% YoY.* Asahi Super Dry saw a +11% increase, while Peroni Nastro Azzurro grew +2%.
- Sales unit price in the beer, beer-like beverages, and non-alcohol adult beverages (beer-taste) categories rose +2% YoY.
- Sales volume in Beer Adjacent Categories, including non-alcohol adult beverages, ready-to-drink (RTD) alcohol beverages, and adult soft drinks, grew +1% YoY.
- Full-year forecast revised: revenue growth has been revised downward to +2.4% YoY, while core operating profit growth has been revised upward to +4.1% YoY. On an actual currency basis, revenue growth has been revised downward to +0.4% YoY, while core operating profit growth has been revised upward to +1.7% YoY.
“Revenue exceeded the prior year’s on a constant currency basis, supported by steady progress in prudent pricing strategies, particularly in Japan and Europe. Although core operating profit declined, we have revised our full-year profit forecast upward based on strong performance in the alcohol business in Japan and East Asia, outlook for other regions and continued improvements in cost efficiency.
Asahi Super Dry, a top priority in our global brand portfolio, achieved strong growth, with sales volumes increasing 11% YoY outside Japan, supported by rising brand awareness through global partnerships and strong performance in markets such as China and the UK. Beer Adjacent Categories, a key part of our growth strategies, continued to expand steadily, led by the ready-to-drink (RTD) alcohol beverages and non-alcohol adult beverages (beer taste) in Japan.
Going forward, we will continue to make strategic growth investments to further strengthen our competitive advantage, while accelerating earnings structure reforms to ensure the achievement of our full-year plan. In addition, toward achieving our key indicator guidelines through 2030, we aim to enhance corporate value by allocating capital to both growth investments and shareholder returns, including share buybacks.”
Asahi Super Dry, a top priority in our global brand portfolio, achieved strong growth, with sales volumes increasing 11% YoY outside Japan, supported by rising brand awareness through global partnerships and strong performance in markets such as China and the UK. Beer Adjacent Categories, a key part of our growth strategies, continued to expand steadily, led by the ready-to-drink (RTD) alcohol beverages and non-alcohol adult beverages (beer taste) in Japan.
Going forward, we will continue to make strategic growth investments to further strengthen our competitive advantage, while accelerating earnings structure reforms to ensure the achievement of our full-year plan. In addition, toward achieving our key indicator guidelines through 2030, we aim to enhance corporate value by allocating capital to both growth investments and shareholder returns, including share buybacks.”