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San Miguel Brewery Hong Kong Limited logo

San Miguel Brewery Hong Kong Limited

0236.HK

HKSEConsumer DefensiveBeverages - Alcoholic

Open in GoAI

Latest quote

HK$1.00

−HK$0.09 · -8.26%

Aug 24, 3:08 PM HKTData delayed

0236.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

San Miguel Brewery Hong Kong Limited (SMBHK) engages in the production and distribution of various beer formats, including bottled, canned, and draught, across Hong Kong, mainland China, the Philippines, and other international markets. The company's product lineup features well-known brands such as San Miguel Pale Pilsen, San Mig Light, San Miguel Cerveza Negra, and San Miguel Cerveza Blanca. Founded in 1948, SMBHK maintains its primary operational base in Shatin, Hong Kong, and functions as a subsidiary of Neptunia Corporation Limited.

Industry
Beverages - Alcoholic
Sector
Consumer Defensive
Headquarters
HK
CEO
Weng Kheong Chan
Listed since
Jan 6, 2000
Employees
236

Market position

52-week range

Current HK$1.00

Open
HK$1.00
Previous close
HK$1.09
Volume
2K
0.04× average
Average volume
49.1K
Average daily volume
Market cap
373.57M HKD
Beta
0.22
Market reference 1
50-day average
HK$1.1224
-10.91% below average
200-day average
HK$1.2042
-16.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
10.14×
P/B (TTM)
0.53×
P/S (TTM)
0.56×
Dividend yield
6.00%

Profitability & efficiency

Gross margin
38.62%
Operating margin
3.68%
Net margin
5.54%

Financial health

Debt / equity
0.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%28%10%-7%Gross margin, FY2021: 40.81%Gross margin, FY2022: 36.27%Gross margin, FY2023: 38.49%Gross margin, FY2024: 37.42%Gross margin, FY2025: 40.08%Operating margin, FY2021: 3.95%Operating margin, FY2022: 5.30%Operating margin, FY2023: 9.01%Operating margin, FY2024: -2.99%Operating margin, FY2025: 13.14%Net margin, FY2021: 3.25%Net margin, FY2022: 4.74%Net margin, FY2023: 11.58%Net margin, FY2024: -2.83%Net margin, FY2025: 10.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.81%. Gross margin FY2022 36.27%. Gross margin FY2023 38.49%. Gross margin FY2024 37.42%. Gross margin FY2025 40.08%. Operating margin FY2021 3.95%. Operating margin FY2022 5.30%. Operating margin FY2023 9.01%. Operating margin FY2024 -2.99%. Operating margin FY2025 13.14%. Net margin FY2021 3.25%. Net margin FY2022 4.74%. Net margin FY2023 11.58%. Net margin FY2024 -2.83%. Net margin FY2025 10.32%.

Income trends

Revenue

737.32M HKD+3.68%

Operating income

96.92M HKD+118.21M HKD

Net income

76.12M HKD+96.22M HKD
Income trends across reported periods817.91M HKD512.75M HKD207.58M HKD−97.58M HKDRevenue, FY2021: 595.62M HKDRevenue, FY2022: 681.16M HKDRevenue, FY2023: 741.62M HKDRevenue, FY2024: 711.16M HKDRevenue, FY2025: 737.32M HKDOperating income, FY2021: 23.55M HKDOperating income, FY2022: 36.07M HKDOperating income, FY2023: 66.78M HKDOperating income, FY2024: −21.29M HKDOperating income, FY2025: 96.92M HKDNet income, FY2021: 19.36M HKDNet income, FY2022: 32.31M HKDNet income, FY2023: 85.9M HKDNet income, FY2024: −20.1M HKDNet income, FY2025: 76.12M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 595.62M HKD. Revenue FY2022 681.16M HKD. Revenue FY2023 741.62M HKD. Revenue FY2024 711.16M HKD. Revenue FY2025 737.32M HKD. Operating income FY2021 23.55M HKD. Operating income FY2022 36.07M HKD. Operating income FY2023 66.78M HKD. Operating income FY2024 −21.29M HKD. Operating income FY2025 96.92M HKD. Net income FY2021 19.36M HKD. Net income FY2022 32.31M HKD. Net income FY2023 85.9M HKD. Net income FY2024 −20.1M HKD. Net income FY2025 76.12M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue737.32M HKD711.16M HKD741.62M HKD681.16M HKD595.62M HKD
Cost of goods sold441.77M HKD445.02M HKD456.18M HKD434.09M HKD352.57M HKD
Gross profit295.55M HKD266.13M HKD285.44M HKD247.08M HKD243.04M HKD
Selling, general, and administrative251.19M HKD252.01M HKD250.32M HKD239.19M HKD238.37M HKD
Operating expenses198.64M HKD287.42M HKD218.66M HKD211.01M HKD219.49M HKD
Interest income7.5M HKD7.21M HKD3.91M HKD1.27M HKD937K HKD
Interest expense232K HKD361K HKD339K HKD1.08M HKD1.54M HKD
Depreciation and amortization8.25M HKD24.5M HKD24.25M HKD18.08M HKD18.38M HKD
Operating income96.92M HKD−21.29M HKD66.78M HKD36.07M HKD23.55M HKD
Net income76.12M HKD−20.1M HKD85.9M HKD32.31M HKD19.36M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.07

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.170.05-0.07-0.19Q4 '21Q2 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 0.049, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 0.012, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 28, 2023: actual 0.074, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Jul 25, 2023: actual 0.13, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 22, 2024: actual 0.1, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 30, 2024: actual 0.101, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 24, 2025: actual -0.154, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 0.071, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates432.47M387.1M341.72M296.35MQ4 '21Q2 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 329.22M HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 312.98M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 28, 2023: actual 368.18M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Jul 25, 2023: actual 415.84M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 22, 2024: actual 325.78M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 30, 2024: actual 378.09M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 24, 2025: actual 333.06M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 347.04M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.02

2014 complete year-84.6% since 2000

2026 partial: HK$0.06

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Apr 24, 2026

HK$0.06

Annual

Record Apr 27, 2026 · Payment May 12, 2026

Dividend

Ex-dividend Apr 25, 2025

HK$0.05

Annual

Record Apr 28, 2025 · Payment May 15, 2025

Dividend

Ex-dividend Apr 24, 2024

HK$0.05

Annual

Record Apr 25, 2024 · Payment May 13, 2024

Dividend

Ex-dividend Apr 26, 2023

HK$0.01

Annual

Record Apr 27, 2023 · Payment May 12, 2023

Dividend

Ex-dividend Apr 21, 2015

HK$0.01

Special

Dividend

Ex-dividend Aug 22, 2014

HK$0.01

Annual

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