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.
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.
Monde Nissin Corp. saw a spike in profit margins during the first semester of 2024, pushing up core earnings by 45.5 percent to P5.1 billion, while reported net income rose by 17.4 percent to P4.1 billion.