Haacht brewery owner Co.Br.Ha posts bigger loss but sees early signs of recovery
Co.Br.Ha, the listed parent company of Belgian brewer Brouwerij Haacht, reported a net loss of 11.4 million euros for 2025, widening from 8.2 million a year earlier. Despite this, the group says its restructuring plan is starting to show “first signs of improvement”.
Revenue fell by around 3 per cent to 109.1 million euros, while the loss was driven mainly by restructuring costs linked to job cuts (49 roles) and asset write-downs. Shareholders will again receive no dividend, for the third year in a row.
On the operational side, there were clearer positives. Sales volumes of beer and soft drinks rose by 0.8 per cent in 2025, reversing part of the previous year’s decline. The group also improved its recurring operating cashflow and underlying earnings before interest, tax, depreciation and amortisation (EBITDA), which rose by 19 per cent to 10.2 million euros.
The company’s Horizon 2030 turnaround plan, led by CEO Nils Van Dam, focuses on fewer core brands, more alcohol-free products and major cost savings. The goal is to lift profit margins to 20 per cent by 2030, up from 7 per cent in 2024.
Early 2026 trading has also shown modest growth, with volumes up 0.2 per cent and revenue up 1 per cent, alongside improved operating results. Co.Br.Ha expects further cost-driven improvements this year and a positive cash flow.
#FlandersNewsService | © BELGA PHOTO JULIEN WARNAND
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