• Full-year net income climbs 5.4 percent to P10.9 billion
• Full-year operating income rises 19.3 percent to P20.1 billion
• Fourth quarter operating income jumps 41.9 percent to a record P4.1 billion
• Systemwide sales grow 16.6 percent in 2025
• Company opens 1,126 stores, its largest annual expansion
Tycoon Tony Tan Caktiong’s Jollibee Foods Corp. delivered a record fourth quarter operating performance that capped a year of steady sales expansion, even as higher financing costs tempered bottom line growth.
Full-year net income attributable to equity holders rose 5.4 percent to P10.9 billion in 2025, while operating income climbed a faster 19.3 percent to P20.1 billion, reflecting stronger restaurant demand and tighter cost management across its global store network.
Record fourth quarter powers annual results
Sales momentum accelerated late in the year. Fourth quarter operating income surged 41.9 percent year on year to P4.1 billion, the highest fourth quarter operating profit in the company’s history. Margin expanded by 110 basis points as revenue growth combined with improved spending discipline.
Management’s view
JFC CEO Ernesto Tanmantiong said the operating profit surge reflected sustained consumer demand across markets.
“Our strong fourth quarter sales momentum translated into an even more meaningful expansion in operating income, which grew by 41.9 percent for the quarter — marking our strongest fourth-quarter operating performance in JFC’s history.”
Margins in focus
Despite the strong operating gains, net income growth lagged due to higher financing costs and tax provisions during the year.
“While quarterly margins may vary depending on the investment timing and business mix, we remain focused on sustaining healthy profitability through balanced revenue growth and prudent expense management over the long term,” said Richard Shin, chief financial officer at JFC.
JFC expects growth to continue in 2026
The company expects momentum to continue into 2026, projecting systemwide sales growth of 8 percent to 12 percent and operating income growth of 15 percent to 18 percent as expansion and demand remain strong across key markets.
“We remain confident in our ability to build on this momentum and deliver sustainable, profitable growth for our shareholders,” Shin said.
Coffee, Vietnam, store expansion fuel growth
Systemwide sales across the group rose 16.6 percent in 2025, supported by strong growth in both the Philippine and international businesses.
The coffee and tea segment emerged as a major growth engine, posting 44.9 percent systemwide sales growth and contributing significantly to new store openings.
Major store rollout
International markets also delivered strong gains. Vietnam, the company’s largest overseas market by store count, recorded 40.4 percent systemwide sales growth and 23.9 percent same store sales growth.
The expansion push remained aggressive. The company opened 1,126 stores during the year, marking the largest annual store rollout in its history.
—Edited by Miguel R. Camus
