BRIEF: San Miguel records revenue, profit growth in first half of 2025

San Miguel Brewery Hong Kong Ltd. (0236.HK) said on Monday its revenue rose 3.2% year-on-year in the first half of 2025 to $390 million, while its profit rose 31.9% to $49.6 million, as revenue growth in Mainland China and the Philippines offset a decline in Hong Kong.

Looking ahead, the company said it remains “cautiously optimistic” about its prospects for sustained growth in its key markets.

“While economic indicators in Hong Kong and South China suggest continued recovery, we are mindful of the challenges that persist, including tight financial conditions, evolving consumer behavior, and geopolitical uncertainties that may impact both domestic demand and export performance,” the company said.

The company’s stock opened higher on Tuesday, and was up 25% in early trade at HK$1.25. The stock is up about 50% year-to-date.

By Doug Young

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