October 2026
Largest Food & Beverages Public Companies in Malaysia
Benchmark revenue and EBITDA valuation multiples for public comps like
Nestlé Malaysia, Farm Fresh, United Malacca, Life Water Industries and Swang Chai Chuan.
 | Nestle Malaysia Bhd is a Malaysian investment holding company owned by Nestle. The business activities of the group are functioned through Food and beverages and Others segments. The products offered by the group are related to dairy, beverages, food, Nestle Professional, Nestle Ice Cream, confectionery, chilled dairy, infant nutrition, and health science. The main geography is the domestic market, representing approximately 80% of total sales. The known brands are Nescafe, Maggi, Nespray, Kit Kat, and Milo. | $24 | -11% | $5.6B | $5.7B | 3.4x | 25.0x | ||
| Farm Fresh Berhad is a Malaysian dairy products company that rears dairy cattle and produces and sells fresh milk, yoghurt and whipping cream. It was founded in 2009 by Loi Tuan Eee and is based in Sedili, Johor, with factories in Bandar Muadzam Shah, Pahang and in Larkin, Johor. The company is listed on Bursa Malaysia and had a market capitalisation of about RM3.9 billion in August 2026. It earns its revenue mainly from sales of dairy products to retailers and consumers and reported revenue of RM810.9 million for 2024. Khazanah Nasional, through Agrifood Resources, was a substantial shareholder until it divested its shares in September 2025. In 2023 it bought 65 percent of the ice cream chain The Inside Scoop, and in 2026 it agreed to raise that stake to 85 percent. | $0 | -- | $885M | $994M | 3.6x | 19.2x | ||
| United Malacca Berhad is a Malaysian plantation company listed on Bursa Malaysia, incorporated in 1910 by Tun Tan Cheng Lock as The United Malacca Rubber Estates. It began with rubber estates and moved into oil palm from 1966. Its core business is oil palm cultivation and crude palm oil milling, with estates in Melaka, Negeri Sembilan, Johor, Pahang and Sabah in Malaysia, and an Indonesian plantation subsidiary in Central Kalimantan, PT Lifere Agros Kapuas, acquired in 2016. It operates its own palm oil mills and sells crude palm oil and palm kernel to refiners and traders. The group is headquartered in Taman Melaka Raya, Melaka. | $1 | -- | $312M | $235M | 1.2x | 3.9x | ||
| Life Water Bhd is an investment holding company. The company, through its subsidiaries, is principally engaged in the manufacturing, sales and marketing of drinking water, carbonated drinks and other drinks, polyethylene terephthalate (PET) containers and related products, manufacturing of preforms and caps, provision of leasing service of motor vehicles and collection of recyclable materials. The company’s core business segments are: Bottled Drinking Water, Carbonated Drinks, and Other Products and Packaging. The majority of its revenue is derived from the Bottled Drinking Water segment. | $0 | +44% | $174M | $170M | 3.4x | 10.1x | ||
| Swang Chai Chuan Ltd is an investment holding company and its subsidiaries are principally engaged in the distribution and sales of food and beverages (F&B) and provision of logistics services, warehousing and other services in Malaysia. The company has one reportable segment, which is the whole business of distribution and sales of F&B and provision of logistics services, warehousing and other services. | $0 | +22% | $64M | $73M | 0.3x | 6.2x | ||
| Agape ATP Corp through its subsidiaries is engaged in providing health and wellness products and health solution advisory services. The principal activities of the company is to supply high-quality health and wellness products, including supplements to assist in cell metabolism, detoxification, blood circulation, anti-aging and products designed to improve the overall health system of the human body and various wellness programs. Its segments include: Skin care, health and wellness segment includes the provision of health and wellness products and health solution advisory services; and Green energy segment includes providing renewable energy products, technical solutions, installations and maintenance services. It derives maximum revenue from Skin care, health and wellness segment. | $2 | -97% | $2M | $2M | 1.0x | (0.7x) | ||
| Median | $1 | +6% | $243M | $203M | 2.3x | 8.2x |
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