Sales of the food giant, which makes Jack ’n Jill chips and C2 iced tea, reached P118.9 billion, a 1 percent increase year-on-year, with volume-led growth tempered by product mix and currency fluctuations.
Operating income was P12.3 billion, a 3 percent decline, driven by lower profits in the sugar and renewables segment as sugar prices eased.
Management’s view
“As we begin to see early signs of a resurgent Philippine shopper in 2025, we will continue to offer the best value to our consumers through our wide portfolio of quality brands while delivering the best value to our stakeholders by sustaining the company’s strong performance,” Irwin Lee, URC president and CEO, said on Tuesday.
“We will continue providing accessible choices to everyone across price points and trade channels, as we believe that everyone deserves to be delighted with good food choices,” he added.
Business segments
Excluding its commodities business, URC saw operating income surge 22 percent, supported by easing commodity costs and optimization initiatives.
The branded consumer foods group posted P81.8 billion in sales, up 2 percent, as growth in beverages and bakery offset weaker coffee and confectionery sales.
Agro-industrial and commodities revenues rose 2 percent to P36.2 billion, though hog feed volumes remained pressured by disease outbreaks.
