Food

18 May 2025

7:13PM

Fruitas Q1 2025 profit rises 11.5% as Lester Yu expands store network

Fruitas Holdings, led by food kiosk king Lester Yu, grew its consolidated net income by 11.5 percent to P33.3 million in the first quarter of 2025, lifted by stronger store performance and network expansion.

14 May 2025

6:04PM

Monde Nissin profit rises; tycoon Soesanto reaffirms 2025 growth outlook despite soft margins

Monde Nissin Corp. posted a core net income of P2.9 billion in the first quarter of 2025, up 1.5 percent from the same period last year, backed by stable growth in its branded food and beverage business and early gains from its meat alternative turnaround.

7 May 2025

4:38PM

Ramon Ang’s San Miguel Food and Beverage starts 2025 strong with ₱11.6B profit jump

San Miguel Food and Beverage Inc. (FB), the maker of San Miguel beer and Purefoods hotdogs, kicked off 2025 with solid earnings, posting a 16 percent jump in net income to ₱11.6 billion for the first quarter.

21 Apr 2025

2:58PM

Lester Yu’s Balai caps 2024 with double-digit growth in revenue, profit

Balai ni Fruitas Inc., led by Fruitas Holdings founder Lester Yu, closed 2024 with solid financial results, driven by a mix of organic growth and strategic portfolio expansion—including the acquisition of the legacy Sugarhouse brand.

4 Apr 2025

10:22AM

QUICK LOOK: March 2025 inflation slows to 1.8% as food, transport costs ease

The Philippines’ headline inflation eased to 1.8 percent in March 2025, down from 2.1 percent in February and significantly lower than the 3.7 percent recorded in March 2024.

17 Mar 2025

9:27PM

Universal Robina posts 2024 revenue growth, profit lower after previous year’s windfall

Universal Robina Corp. (URC) closed 2024 with P161.9 billion in sales, up 3 percent, as all business divisions saw higher volumes despite a challenging consumer environment.

5 Mar 2025

5:23PM

Maker of Purefoods hotdogs, San Miguel beer posts P400B in 2024 sales; profits grow

San Miguel Food and Beverage Inc. (SMFB) ended 2024 with another year of solid financial performance, growing revenues and profits despite market challenges.

19 Feb 2025

4:00PM

Maker of Lucky Me! hits record sales in 2024, meat alternative struggles persist

Monde Nissin, the maker of Lucky Me! instant noodles and Quorn alternative meat products, ended 2024 with record sales, driven by strong growth in its Asia Pacific Branded Food and Beverage (BFB) segment, keeping it in a position to pay dividends pending board approval.

14 Nov 2024

5:53PM

Lester Yu’s Balai ni Fruitas sees 26% net income jump in 9 months

Businessman Lester Yu’s Balai ni Fruitas Inc. reported a 26 percent increase in net income, reaching P52 million for the first nine months of 2024, up from P41 million in the same period last year.