香港生力啤二零二五年年报

Stock Code00236 2025Annual Report San Miguel Brewery Hong Kong Ltd.Annual Report 2025 CORPORATE INFORMATION BOARD OF DIRECTORS CHAIRMAN Ramon S. Ang(Non-executive Director) DEPUTY CHAIRMAN Carlos Antonio M. Berba(Non-executive Director) EXECUTIVE DIRECTOR Chan Weng Kheong NON-EXECUTIVE DIRECTORS Aurora T. Calderon稲 Aurora T. Calderon (appointed effective 24 February 2025) May (Michelle) W. M. ChanYoshinori Inazumi (resigned effective 1 September 2025)Tatsuya Nagafuji (appointed effective 1 September 2025)Katsuhisa NoseFumiaki Ozawa INDEPENDENT NON-EXECUTIVE DIRECTORS Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoMaria Aileen A. SazonGBM, JP Alonzo Q. Ancheta (resigned effective 28 July 2025) Thelmo Luis O. CunananDavid K.P. Li,GBM, JPReynato S. PunoMaria Aileen A. Sazon (appointed effective 28 July 2025) Sum Li, Alternate to David K.P. Li,GBM, JP AUDIT COMMITTEE GBM, JPAlonzo Q. AnchetaThelmo Luis O. CunananReynato S. Puno David K.P. Li,GBM, JP,ChairmanAlonzo Q. Ancheta (resigned effective 28 July 2025) Thelmo Luis O. CunananReynato S. Puno (appointed effective 28 July 2025) REMUNERATION COMMITTEE Reynato S. PunoAurora T. CalderonThelmo Luis O. CunananGBM, JP Reynato S. Puno,ChairmanCarlos Antonio M. BerbaAurora T. Calderon (appointed effective 24 February 2025) Thelmo Luis O. CunananDavid K.P. Li,GBM, JP NOMINATION COMMITTEE Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoMaria Aileen A. Sazon Alonzo Q. Ancheta,Chairman (resigned effective 28 July 2025) Thelmo Luis O. Cunanan,Chairman(appointed as Chairman effective 28 July 2025)David K.P. Li,GBM, JPFumiaki OzawaReynato S. PunoMaria Aileen A. Sazon (appointed effective 28 July 2025) CORPORATE INFORMATION COMPANY SECRETARY Lo Chi Yip AUDITOR KPMGPublic Interest Entity Auditorregistered in accordance with theAccounting and Financial Reporting Council Ordinance Certified Public Accountants8th Floor, Prince’s Building10 Chater RoadCentralHong Kong SOLICITORS Gallant, Solicitors & Notaries5th Floor, Jardine House,1 Connaught Place,Hong Kong REGISTERED OFFICE 9th FloorCitimark Building28 Yuen Shun CircuitSiu Lek YuenShatin, New TerritoriesHong Kong SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong PRINCIPAL BANKERS Agricultural Bank of China LimitedAustralia and New Zealand Banking Group LimitedBank of China (Hong Kong) LimitedBank of China LimitedChina Construction Bank (Asia) Corporation LimitedGuangdong Shunde Rural Commercial Bank Company LimitedIndustrial and Commercial Bank of China (Asia) LimitedStandard Chartered Bank (Hong Kong) LimitedThe Bank of East Asia (China) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited San Miguel Brewery Hong KongLimited registered a consolidatedprofit HK$78.4 million in 2025. 7,840 THE YEAR’S HIGHLIGHTS CHAIRMAN’S STATEMENT Ramon S. Ang啓Chairman To our shareholders, FINANCIAL RESULTS San Miguel Brewery Hong Kong Limited (the “Company”) and its subsidiaries(the “Group”) reported a consolidated net profit of HK$78.4 million in 2025,compared with the consolidated net loss of HK$18.9 million in 2024 whichincluded a one-time, non-cash impairment charge of HK$90.0 million anda deferred tax impact of HK$14.9 million on its non-current assets in 2024.Excluding the impairment loss in 2024, the Group’s consolidated net profit in2025 was still a significant 39% improvement compared to 2024. Net profitattributable to equity shareholders for 2025 was HK$76.1 million, against anet loss of HK$20.1 million in 2024. 7,8401,8909,0001,49039%7,6102,010 The Group’s consolidated revenue was HK$737.3 million in 2025, 3.7% higherthan in 2024. Gross profit was at HK$295.6 million, 11.1% higher than theHK$266.1 million in 2024. 7,3733.7%2.962.6611.1% The Group maintained a healthy cash position, with cash and bank balancestotaling HK$285.7 million as of 31 December 2025 (HK$216.5 million as of 31December 2024). 2.862.17 As of 31 December 2025, loans were at HK$3.6 million (HK$3.5 million as of 31December 2024). Total net assets were at HK$696.6 million (HK$634.8 millionas of 31 December 2024), and the loan-to-equity ratio was 0.01 (31 December2024: 0.01). 3603506.976.350.010.01 CHAIRMAN’S STATEMENT DIVIDENDS On 25 February 2026, the Board of Directors approved a proposal to declarea final dividend of HK$0.06 per share for the year ended 31 December 2025,payable to shareholders of record as of 30 April 2026. The proposal is subjectto shareholder approval at the forthcoming annual general meeting. 0.06 BUSINESS REVIEW HONG KONG OPERATIONS Hong Kong’s economic recovery in 2025 unfolded against a backdrop ofpersistent structural challenges, with GDP improvement largely buoyedby stronger external demand. Although business sentiment improved andinflation remained modest, shifting consumer behavior continued to weighheavily on