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.
San Miguel Food and Beverage Inc. (SMFB) ended 2024 with another year of solid financial performance, growing revenues and profits despite market challenges.
Monica L. Ang-Mercado, daughter of tycoon Ramon S. Ang, has been named chief finance officer of San Miguel Food and Beverage, Inc., effective Feb. 5, 2025.
San Miguel Food and Beverage Inc. chair Ramon S. Ang is bullish on the company’s future, citing strategic investments and a strong, diversified portfolio as drivers for growth as net income during the first nine months of 2024 jumped 11 percent to P30.4 billion.
Billionaire Ramon S. Ang’s San Miguel Brewery Inc. (SMB) rebounded in the third quarter with a 3.9 percent rise in beer sales volume, adding 1.9 million cases after a slower start to the year.
San Miguel Food and Beverage Inc. saw total sales increase 4 percent to ₱192.9 billion, with operating income up 16 percent to ₱26.6 billion during the first six months of the year.