F & N's net profit for the first quarter of the 2026 fiscal year fell 8.9% to 47.4 million yuan | Lianhe Zaobao

F & N (Fraser and Neave) reported a net profit of SGD 47.4 million for the first quarter of the 2026 fiscal year, a year-on-year decline of 8.9%, with revenue decreasing by 4% to SGD 592.9 million, and earnings per share of 3.3 cents. Although the revenue decline was mainly due to weak market demand, profit before interest and tax (PBIT) increased by 8% year-on-year to SGD 98.8 million, benefiting from strong performance in the beverage sector. The group's leverage ratio is 27.5%, up from 21.8% last year. In addition, F & N plans to increase its stake in Vietnam's Vinamilk and improve supply chain efficiency after the new dairy facility in Cambodia becomes operational