Heineken NV

HEIA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Heineken Earnings: Decent Profitability Improvement With Savings Execution; Maintain Fair Value

Verushka Shetty

Feb 11, 2026

Heineken’s 2025 results included organic net revenue growth of 1.6%, with total volume down 1.2%, and operating margin expansion of 41 basis points. Gross savings for the year were above EUR 500 million, boosting profitability. Shares rose around 4% at the market opening on Feb. 11.

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Heineken NV

Heineken Earnings: Decent Profitability Improvement With Savings Execution; Maintain Fair Value

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