Connect with us

News

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

Published

My Post 1 2025 08 28T140126.870
Source: Fortune & Business Today

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

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.



Just In

Dd Ft 28 Dd Ft 28
News33 minutes ago

M’sian Reportedly Killed After Being Stabbed 13 Times By Husband Over Jealousy, Suspect Turns Himself In

A 39-year-old woman was stabbed to death at a house in Taman Tiram, Kulim Hi-Tech, Kedah, yesterday (14 September). According...

Kyan Ft 51 Kyan Ft 51
News18 hours ago

15yo Boy Accused of Stabbing Female Student at PJ School Acquitted of Murder, Will Undergo Psychiatric Treatment

A 15-year-old boy has been freed from a murder charge after the Shah Alam High Court found that he was...

Dd Ft 26 Dd Ft 26
News19 hours ago

PAS Says Najib Razak’s Pardon Delay “Couldn’t Happen On Its Own”, Calls For Govt Explanation

Previously, The Federal Territories Pardons Board was expected to consider Dato’ Sri Mohd Najib Razak’s pardon application over his SRC...

Dd Ft 25 Dd Ft 25
News21 hours ago

Netflix Raises Subscription Prices for M’sian Users, With Monthly Fees Up By RM1 to RM7

Brace your wallets, Netflix has raised its subscription prices in Malaysia once again, with monthly fees going up by between...

Dd Ft 24 Dd Ft 24
News1 day ago

Pahang Fisheries Department Probes Viral Claim After Angler Allegedly Catches Piranha At Klau Dam

A viral claim has been circulating online alleging that an angler caught a piranha at Klau Dam in Raub, Pahang....

Dd Ft 23 Dd Ft 23
News4 days ago

51yo Thai Man Arrested After Allegedly Sexually Abusing Koi Fish At Private Pond

A 51-year-old Thai man was arrested on 10 September 2026 after he was allegedly caught entering a private fish pond...

Kyan Ft 1 1 Kyan Ft 1 1
News4 days ago

Selangor Declares Public Holiday on 25 Oct for Sultan’s Silver Jubilee

The Selangor state government has officially declared 25 October, 2026 (Sunday) as a state public holiday in conjunction with the...

Dd Ft 20 Dd Ft 20
News4 days ago

FDS Crash: Sarawak Govt Gives RM100k to Each Victim’s Family & Covers Their Children’s Education Fees

On 8 September, a Flying Doctor Service (FDS) helicopter (BO-105) carrying five people, including the pilot, was reported to have...

Announcement

Latest Videos



TRENDING TODAY