Higher tax drags F&N’s profit by 13% to $64m in Q1
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Fraser & Neave, Limited (F&N) reported a 13.6% decline in profit after tax to $64.1 million for Q1 ending December 2025, attributed to an increased effective tax rate of 29.4%. Profit attributable to shareholders fell 8.9% to $47.4 million. Revenue also decreased by 4% to $592.9 million, impacted by festive timing effects and softer demand in certain markets, particularly in food and beverage sectors. Dairy revenue was affected by weaker demand in Indochina, while P&P's revenue rose 4% due to the Education segment.
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