IFBH (HKG:6603) expects a year-over-year decline of between 27% and 32% in net profit for the year 2025, according to a Friday Hong Kong bourse filing.

The beverage maker's adjusted net profit is also expected to slip 20% to 25% from the prior-year period.

The firm attributed the forecast to lower revenue from strategic marketing investments in its brand Innococo, as well as the adverse effects of foreign exchange movements on gross margin.