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Multi Bintang First-Half Profit Climbs on Lager, Premium Beer Sales

Faisal Maliki Baskoro
August 15, 2025 | 8:56 pm
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Bintang beer on display. ulti Bintang Indonesia (IDX: MLBI), the Heineken-owned brewer, posted solid first-half 2025 results, driven by flagship brand Bintang. (Investor Magazine Photo/Uthan Rachim)
Bintang beer on display. ulti Bintang Indonesia (IDX: MLBI), the Heineken-owned brewer, posted solid first-half 2025 results, driven by flagship brand Bintang. (Investor Magazine Photo/Uthan Rachim)

Jakarta. Multi Bintang Indonesia (IDX: MLBI), the Heineken-owned brewer, posted solid first-half 2025 results, driven by lager market leadership, premium brand expansion, and ongoing digital transformation.

The company booked net revenue of Rp 1.47 trillion ($95 million), up 6 percent from a year earlier, while gross profit rose 5 percent to Rp 867 billion. Growth was supported by flagship brand Bintang, strong demand for flavored variants such as Bintang Anggur Merah and Radler, and double-digit gains for Heineken in the premium segment.

“We’re proud of our performance amid global economic challenges, reflecting our iconic brands, agile execution, and long-term growth focus,” said President Director Roland Bala.

Bintang maintained a leading position in Indonesia’s beer market, while Heineken benefited from targeted marketing in Batam and wider distribution. The brewer also introduced new products, including Bintang Arak Jeruk & Madu, to attract both regular and new alcohol consumers.

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Multi Bintang advanced its “Digital Backbone” program, a Heineken global initiative, integrating over 300 business processes with real-time analytics to boost productivity. Its eB2B platform and order management system have expanded to most distributors, generating significant revenue and active users.

Sustainability remained a priority. The brewer maintained 100 percent water balance for a second consecutive year at its Tangerang and Mojokerto facilities and achieved a 157 percent positive water-return rate in key river basins. Solar panels and renewable energy adoption continue to move the company toward net-zero emissions.

On governance, Multi Bintang appointed Rolando Saenz, Strategy and Business Control Manager – APAC at Heineken, to its Board of Commissioners, replacing Radovan Sikorsky, who moved to a new strategic role within the group.

“With strong performance, innovation, and sustainability as our foundation, we’re well-positioned for continued growth in a rapidly evolving market,” Bala said.

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