Our Purpose
A Better Tomorrowโข means Building a Smokeless World.
A Smokeless World built on Smokeless products where, ultimately, cigarettes have become a thing of the past.
A world where smokers have migrated from cigarettes to smokeless alternatives.
A world where Tobacco Harm Reduction is both understood and accepted.
A world where smokers make a switch to better.
A Year at a Glance
Revenue
Basic Earnings Per Share
Net Dividend Per Share
Market Share of Legal Combustible
Profit Before Tax
Net Profit
Shareholdersโ Fund
Net Returns on Shareholdersโ Fund
1
Top Employer Award
- Top Employer in Malaysia for the 7th consecutive year
- Top Employer in the Asia Pacific and Global categories
2
Bursa Malaysia FTSE Russell ESG Ratings
- Maintained a 4-Star rating in the index with a FTSE4Good ESG Rating of 3.7 or higher categories
3
Graduates' Choice Award
- 2025 Graduates' Choice of Employer to Work for in the tobacco category
- No. 1 ranking in Malaysia at Talentbank's Graduates' Choice Award
4
Malaysian Occupational Safety and Health Practitionersโ Association (MOSHPA) Award
- Diamond Award in the FMCG category
- 6th consecutive year that BAT Malaysia has been awarded by MOSHPA
5
Life at Work Awards
- No. 1 ranking in the Technology for Inclusion category
6
GRADUAN Brand Awards
- 2nd runner-up in the Most Preferred Employer in the FMCG sector
7
Minority Shareholders Watch Group (MSWG) โ National Corporate Governance & Sustainability Awards (NACGSA)
- 1st place in the Industry Excellence category for Consumer Products and Services
- 6th place in the Overall Excellence category in the FMCG sector
Joint Message from
Our Chairman and
Our Managing Director
Dear Shareholders,
On behalf of the Board of Directors, we are pleased to present BAT Malaysiaโs Annual Report and Financial Statements for the financial year ended 31 December 2024.
2024 has been a pivotal year for BAT Malaysia, marked by resilience in overcoming challenges and seizing opportunities to strengthen our leadership position in the market. Despite external challenges, we achieved significant progress in delivering our purpose of building A Better Tomorrowโข and continuing to deliver sustainable value for shareholders.
Nedal Louay Salem
(Managing Director)
Tan Sri Datoโ
Seri Dr. Aseh
bin Haji Che Mat
(Chairman)
Management
Discussion &
Analysis
BAT Malaysia will continue growing its revenue through combustibles. This will enable us to allocate sufficient investments to develop New Category products that will fulfil our aim of providing greater choice and reduced-risk*โ products to our consumers.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk-free and are addictive.
โ Our vapour product Vuse (including Alto, Solo, Ciro, and Vibe), and certain products, including Velo,Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and noreduced-risk claims will be made as to these products without agencyย clearance.
Five-Year Performance History
REVENUE
(RM million)
2020
2021
2022
2023
2024
PROFIT FROM
OPERATIONS
(RM million)
2020
2021
2022
2023
2024
NET TOTAL DIVIDEND
PER SHARE (sen)
2020
2021
2022
2023
2024
RETURN ON EQUITY
2020
2021
2022
2023
2024
Sustainability
Sustainability is at the forefront of our business as we aim to create long-term value for our stakeholders through a holisticย approach.
Tobacco Harm Reduction
We have a clear purpose โ to create A Better Tomorrowโข by Building a Smokeless World โ anchored in reducing the health impact of our business. This purpose drives us to provide adult consumers with scientifically substantiated reduced-risk*โ Smokeless alternatives backed by science and tested to meet or exceed industry-leading standards.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk-free and are addictive.
โ Our vapour product Vuse (including Alto, Solo, Ciro, and Vibe), and certain products, including Velo,Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and noreduced-risk claims will be made as to these products without agencyย clearance.
Environmental
At BAT Malaysia, we continue to advance in our commitment to environmental sustainability. Our efforts are centered on reducing our environmental footprint by reducing resource consumption, waste and emissions. We continue to identify and implement measures to reduce our impact on the environment.
Our Environmental Management System is grounded in the Environmental Quality Act(EQA) 1974 and is the foundation for our environmentalย initiatives.
Social
We are dedicated to driving meaningful social impact through our operations. This section of the report highlights our efforts to create value by prioritising the well-being and needs of our employees, local communities and other stakeholders across our supply chain and business network. By fostering inclusive practices and addressing each stakeholder groupโs unique challenges, we aim to build a sustainable future for all our stakeholders.
Governance
Responsibility and integrity are fundamental to how we run our business operations. Corporate governance is key to ensuring sustainable, long-term growth of our business in Malaysia.
64th
Annual General Meeting
Time
09.30 a.m.
Date
Tuesday,
29 April 2025
Venue
Connexion Conference & Event Centre,
Nexus 2 & 3, Level 3A,
Nexus, Bangsar South City,
No. 7, Jalan Kerinchi,
59200 Kuala Lumpur
