San Miguel Food and Beverage Inc. (SMFB) said Wednesday it began 2025 with strong momentum, posting robust first-quarter results driven by sustained demand, improved efficiencies and disciplined cost management.
Consolidated revenues rose 4 percent year-on-year to P98.9 billion. Gross profit grew 11 percent to P28.6 billion, while income from operations rose 16 percent to P15.2 billion.
Net income reached P11.6 billion, up 16 percent, with EBITDA increasing to P19.6 billion, translating into a 20-percent EBITDA margin.
“Our results this quarter reflect the strength of our diversified portfolio and our continued focus on execution,” SMFB chairman Ramon Ang said in a statement.
“We are optimistic about the rest of the year. Our continued investments in key growth areas, from expanding production capacities to strengthening our distribution network, are designed to meet the evolving needs of the Filipino consumer. With our strong brands and disciplined execution, we are well-positioned to sustain our growth trajectory in 2025 and beyond,” Ang said.
San Miguel Foods reported revenues of P46.3 billion, up 8 percent from the previous year. The business delivered a strong start to 2025, driven by high-teens growth in poultry and steady performance across the Purefoods processed meats, Magnolia dairy and coffee, and flour.
Gross profit rose 22 percent to P10.6 billion, reflecting improved efficiencies and a favorable mix. Operating income grew 70 percent to P4.4 billion, while net income surged 83 percent to P3.0 billion.
San Miguel Brewery Inc generated sales of P36.3 billion, with domestic revenues at P32.0 billion and international sales at $74.9 million.
Despite tempered market conditions, the beer business sustained healthy earnings through improved operating performance. Gross profit reached P13.9 billion. Operating income rose 1 percent to P8.2 billion, while net income improved to P6.6 billion.
Ginebra San Miguel Inc posted revenues of P16.3 billion, up 8 percent year-on-year, supported by sustained consumer demand and efforts to reach a broader base of customers. Gross profit increased 10 percent to P4.1 billion.
