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Starbucks Malaysia’s Parent Company Suffers Losses of RM291.9 Million Due to “Middle East conflict sentiments”

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Source: Fortune & Business Today

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Berjaya Food Bhd (BFood) recorded a bigger loss for the financial year that ended on June 30, 2025, with a reported net loss of RM291.9 million as compared to RM90.9 million in the previous year.

According to a report by Berita Harian, the company’s full-year revenue declined by 36.5% to RM476.8 million, from RM750.7 million in the financial year of 2024.

Berjaya 1

 

BFood experienced losses of RM219.9 million and revenue decline of 36.5%

“The decline in revenue was mainly due to the ongoing impact of sentiment related to the conflict in the Middle East, which has affected market dynamics and consumer spending patterns,”

“Therefore, based on this, management has had to make provisions for depreciation on plant and equipment (PPE) assets and right-of-use assets (ROU) following the reduction in Starbucks Malaysia operations,” they shared.

Loss per share for the period was 10.49 cents as compared to 2.16 cents.

 

What’s next for BFood? 

They explained that this year, the group focused on diversifying into the local and overseas markets, while restructuring store operations in the local market to strengthen core operations and build a strong foundation for sustainable growth.

Berjata 2

“With these steps, we are well-positioned to drive strategic growth and seize opportunities in new markets. The encouraging signs of recovery, especially in the local market, reflect the effectiveness of our approach and commitment to operational excellence,”

“We will continue to strengthen our core businesses, build resilience, achieve sustainable growth, enhance brand equity and improve financial performance while driving international expansion to unlock more value for shareholders,” they added.

What do you think about this? Do feel free to share your thoughts in the comment section.

 

Also read: Wellness Centre Shuts All Branches in M’sia, Over 1,000 Customers Left with RM500k in Unclaimed Massages

My Post 1 2025 05 13T140550.641

Source: Fortune

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



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