Octopus (APAC) Warns of SG$5 Million Revenue Hit After Corona, Budweiser Distribution Deal Termination

MT Newswires

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Octopus (APAC) (SGX:43A) said the termination of its distribution deals for the Corona and Budweiser brands is expected to reduce group revenue by about SG$4.9 million for the financial year ending March 2027.

The estimated impact covers the period from Sept. 15, 2026, to March 31, 2027, and is based on average historical sales of the brands from January to August 2026.

The company said the reduction is related to revenue and does not represent an equivalent reduction in profit, as related costs will also no longer be incurred.

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