Worst FY2025 Earnings for Berjaya Food

Berjaya Food Bhd ended their 2025 financial year with their worst quarterly and annual earnings since their 2011 listing, hit by impairments on Starbucks Malaysia’s outlets amid a widespread consumer boycott due to the prolonged Middle East conflict. 

Net loss for their fourth quarter ended June 30, 2025, jumped to RM185.79 million, nearly five times the RM38.2 million they incurred in the fourth quarter of the previous year, as revenue fell 10% to RM115.9 million from RM130.57 million.

According to theedgemalaysia.com, their bottom line was primarily dragged by impairment charges on property, plant and equipment (PPE) and right-of-use (ROU) assets, which amounted to RM149.88 million, following the downsizing of their Starbucks Malaysia operations.

The group's annual net loss for FY2025 widened to RM291.99 million – more than triple the RM90.92 million net loss it recorded for FY2024 – as revenue dropped 36.5% to RM476.77 million from RM750.7 million. 

Berjaya Food, which operate the Starbucks Coffee brand in Malaysia, Brunei and in the Nordic countries, specifically Iceland, Denmark, and Finland; Kenny Rogers Roasters in Malaysia; and Paris Baguette in Malaysia and the Philippines, said they remain focused on consolidating their local store network while diversifying into overseas markets to strengthen their foundation for sustainable growth. 

Whatever. It's not only in Malaysia but Starbucks is currently facing global difficulties, evidenced by a 36% drop in brand value in 2025 from its peak in 2024, declining revenues in the US and China, and falling profits despite accelerated investments and promotions.

I don't dare to assert that Starbucks is a dying brand – but for sure, it is slipping badly!

School shootings have become a grim fact of life in the US. 

On Wednesday, two children aged eight and 10 have been killed and 17 others (including 14 children) were injured, when a gunman opened fire on schoolchildren attending Mass at Annunciation Catholic School in Minneapolis, Minnesota. 

Local authorities have not yet discerned a motive for the attack and said the 23-year-old shooter identified as Robin Westman – armed with a rifle, a shotgun and a pistol – took his own life and appears to have acted alone. The FBI said that they are probing the attack as a potential act of terrorism. 

FYI, the attack is the 146th such attack of its type since January, according to the K-12 School Shooting Database.