Revenues grew 4 percent to P302.9 billion, supported by resilient demand, price discipline, and brand campaigns that offset weather disruptions.
Operating income rose 12 percent to P44.7 billion, with ebitda up 13 percent to P58.4 billion, expanding margins to 19 percent.
Management’s view
“Our performance shows the effectiveness of our strategy to grow across multiple segments and markets,” said SMFB chair Ramon S. Ang.
“We will continue to strengthen our supply chain, improve productivity, and expand capacity to capture more opportunities and deliver long-term value for our consumers and shareholders,” he added.
Headline figures
• The food division led growth, with revenues up 7 percent to P143.5 billion on strong dairy, poultry, and packaged food sales.
• Operating income jumped 32 percent to P12.9 billion, reflecting better cost control and improved efficiency.
• Beer revenues held steady at P110.7 billion, supported by strong exports and stable domestic demand.
• Spirits rose 7 percent to P48.7 billion, driven by brand campaigns and operational gains.
• SMFB said its diversified portfolio and solid cash flow continue to cushion market volatility.
—Edited by Miguel R. Camus
