---
title: "San Miguel Brewery Hong Kong Swings Back to Profit in 2025"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276914035.md"
description: "San Miguel Brewery Hong Kong Limited reported a net profit of HK$78.4 million for the year ended December 31, 2025, a turnaround from a loss in 2024. Revenue increased to HK$737.3 million, with gross profit rising to HK$295.6 million. Operating profit reached HK$96.9 million, and earnings per share improved to 20 Hong Kong cents. The company maintains a Hold rating with a price target of HK$1.00. San Miguel Brewery operates in the beer and beverage industry, generating revenue from beer production and sales."
datetime: "2026-02-25T15:29:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276914035.md)
  - [en](https://longbridge.com/en/news/276914035.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276914035.md)
---

# San Miguel Brewery Hong Kong Swings Back to Profit in 2025

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San Miguel Brewery HK Ltd. ( (HK:0236) ) has issued an announcement.

San Miguel Brewery Hong Kong Limited reported a solid turnaround for the year ended 31 December 2025, with revenue rising to HK$737.3 million from HK$711.2 million and gross profit improving to HK$295.6 million. The group swung from a loss to a net profit of HK$78.4 million, driven by higher sales, better cost of sales, and the absence of the HK$90 million impairment on non-current assets booked in 2024.

Operating profit reached HK$96.9 million compared with a loss of HK$21.3 million a year earlier, while selling, distribution, and administrative expenses were kept broadly stable. Earnings attributable to equity shareholders climbed to HK$76.1 million, translating into basic earnings per share of 20 Hong Kong cents versus a loss per share of 5 cents in 2024, signaling a significant recovery for shareholders and an improved financial footing for the brewery.

The most recent analyst rating on (HK:0236) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on San Miguel Brewery HK Ltd. stock, see the HK:0236 Stock Forecast page.

**More about San Miguel Brewery HK Ltd.**

San Miguel Brewery Hong Kong Limited is a Hong Kong-incorporated brewer listed on the local stock exchange. The company, together with its subsidiaries, operates in the beer and beverage industry, generating revenue primarily from the production and sale of beer and related products across its regional markets.

**Average Trading Volume:** 33,715

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$463.2M

Find detailed analytics on 0236 stock on TipRanks’ Stock Analysis page.

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