The company's fourth-quarter revenue slipped 11.2% to RM115.9mil.
PETALING JAYA: Berjaya Food Bhd
(BFood), which posted a wider net loss for its financial year ended June 30 (FY25), says it remains committed to creating long-term value in the year ahead through innovation, digital transformation and stronger customer engagement.
“Our strategy focuses on expanding our digital and social presence, complemented by vibrant physical store experiences that deepen consumer connections.
“We will continue to strengthen our core business, build resilience, and deliver sustainable growth, enhanced brand equity, and improved financial performance while driving international expansion to unlock greater shareholder value,” BFood said in a filing with Bursa Malaysia.
BFood operates brands including Starbucks Malaysia, Kenny Rogers Roasters, Paris Baguette, Joybean and Kelava.
In its fourth quarter ended June 30, BFood posted a net loss of RM185.8mil against RM38.2mil a year earlier.
The higher loss was largely attributed to impairments on property, plant and equipment and right-of-use assets of non-performing stores.
Quarterly revenue slipped 11.2% to RM115.9mil from RM130.5mil, mainly due to fewer stores in operation.
For FY25, BFood reported a net loss of RM291.9mil compared with RM90.9mil a year earlier, as revenue dropped 36.5% to RM476.8mil from RM750.7mil in FY24.
Prior to its results announcement, analysts had said that they expected the company to continue facing a challenging operating environment as the lingering effects of geopolitical and trade tensions show no clear signs of abating even as competition in coffee chains continued to mount locally
