• Operating income fell 4 percent to P16.7 billion, as the Sugar and Renewables segment corrected from a 2023 windfall.
• Net income declined 2 percent to P12.5 billion, while core net income dipped 3 percent, reflecting margin pressures.
Management’s view
“We delivered strong cash generation and dividend growth while pivoting to stronger volume growth recovery, as consumer sentiment improves after absorbing multi-year inflationary pressures,” said Irwin Lee, URC president and CEO.
“We expect further improvements in URC’s growth momentum going forward as we continue to provide new product innovations and better value offers to delight consumers with quality food choices,” he added.
Segment performance
Branded Consumer Foods sales reached P109.5 billion, up 2 percent, with international sales rising 8 percent despite weaker consumer sentiment in Southeast Asia.
Agro-Industrial & Commodities sales grew 5 percent to P51.3 billion, as higher volumes offset competitive price adjustments. URC declared a P2.00 per share dividend, up 5 percent, reinforcing its focus on shareholder returns while driving product innovation and volume growth.
