Heineken Holding N.V. (HKHHY)

Heineken Holding Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	29,177	29,821	30,362	28,719	21,941	19,715
Revenue Growth (YoY)	-4.84%	-1.78%	5.72%	30.89%	11.29%	-17.75%
Cost of Revenue	18,530	18,969	19,659	18,322	13,326	12,250
Gross Profit	10,647	10,852	10,703	10,397	8,615	7,465
Selling, General & Admin	4,470	4,527	4,392	4,139	3,586	3,466
Other Operating Expenses	136	136	156	124	-78	109
Operating Expenses	6,688	6,960	6,839	6,356	5,359	5,486
Operating Income	3,959	3,892	3,864	4,041	3,256	1,979
Interest Expense	-633	-680	-640	-458	-462	-497
Interest & Investment Income	131	128	97	81	55	50
Earnings From Equity Investments	170	-705	218	223	250	-31
Currency Exchange Gain (Loss)	-217	-217	-323	-121	-78	-
Other Non Operating Income (Expenses)	29	-92	-117	82	100	-143
EBT Excluding Unusual Items	3,439	2,326	3,099	3,848	3,121	1,358
Merger & Restructuring Charges	-96	-96	-130	-70	-4	-343
Impairment of Goodwill	-	-	-559	-	-	-39
Gain (Loss) on Sale of Investments	-	-	23	76	1,270	-
Gain (Loss) on Sale of Assets	37	37	329	71	55	56
Asset Writedown	-551	-305	-214	220	-108	-924
Other Unusual Items	64	45	-26	25	-	49
Pretax Income	2,893	2,007	2,522	4,170	4,334	157
Income Tax Expense	825	846	121	1,131	799	245
Earnings From Continuing Operations	2,068	1,161	2,401	3,039	3,535	-88
Minority Interest in Earnings	-1,142	-663	-1,227	-1,696	-1,872	-14
Net Income	926	498	1,174	1,343	1,663	-102
Net Income to Common	926	498	1,174	1,343	1,663	-102
Net Income Growth	72.44%	-57.58%	-12.58%	-19.24%	-	-
Shares Outstanding (Basic)	283	283	284	288	288	288
Shares Outstanding (Diluted)	283	283	284	288	288	288
Shares Change (YoY)	-0.11%	-0.39%	-1.41%	-	-	-
EPS (Basic)	3.28	1.76	4.13	4.66	5.77	-0.35
EPS (Diluted)	3.27	1.76	4.12	4.66	5.77	-0.36
EPS Growth	73.66%	-57.28%	-11.59%	-19.24%	-	-
Free Cash Flow	2,991	3,319	1,996	2,705	2,857	1,635
Free Cash Flow Per Share	10.58	11.73	7.03	9.39	9.92	5.68
Dividend Per Share	1.910	1.860	1.730	1.730	1.240	0.700
Dividend Growth	10.41%	7.51%	-	39.52%	77.14%	-58.33%
Gross Margin	36.49%	36.39%	35.25%	36.20%	39.26%	37.87%
Operating Margin	13.57%	13.05%	12.73%	14.07%	14.84%	10.04%
Profit Margin	3.17%	1.67%	3.87%	4.68%	7.58%	-0.52%
Free Cash Flow Margin	10.25%	11.13%	6.57%	9.42%	13.02%	8.29%
EBITDA	5,844	5,746	5,549	5,682	4,736	3,494
EBITDA Margin	20.03%	19.27%	18.28%	19.79%	21.58%	17.72%
D&A For EBITDA	1,885	1,854	1,685	1,641	1,480	1,515
EBIT	3,959	3,892	3,864	4,041	3,256	1,979
EBIT Margin	13.57%	13.05%	12.73%	14.07%	14.84%	10.04%
Effective Tax Rate	28.52%	42.15%	4.80%	27.12%	18.44%	156.05%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.