Monde Nissin core income eased to P9.7B
Monde Nissin Corp. saw its core net income attributable to shareholders slip to P9.7 billion in 2025, down 0.8 percent from the previous year.
The food manufacturing giant told the exchange on Thursday that the decline came even as consolidated revenues rose 4 percent to P86.5 billion. This was supported by steady growth across its branded food business.
Fourth-quarter results, however, provided some relief. Core net income attributable to shareholders rose 8.1 percent to P2.5 billion, driven by improved gross profit.
Reported net income for the full year climbed to P8.6 billion. This meant a sharp turnaround from P450 million previously, aided by a modest reversal of impairment in its meat alternative segment.
Still, margins remained under pressure. Gross profit for the year dipped 1.8 percent to P25.3 billion. Gross margin contracted due to higher edible oil costs.
The Asia-Pacific branded food and beverage (APAC BFB) segment remained the main driver. Full-year sales rose 4.7 percent to P72.8 billion, buoyed by volume growth in biscuits and other categories.
Meanwhile, the meat alternative business posted mixed results. Revenues declined 2.9 percent for the year, although margins improved due to lower input costs and pricing actions.
Core earnings before interest, taxes, depreciation and amortization for the group slipped 0.9 percent to P15.9 billion. This reflected higher costs and continued investments in the business.
Despite these pressures, the company maintained a solid balance sheet, ending the year with P15.4 billion in cash and cash equivalents and a low net debt-to-equity ratio of 0.13.
Operating cash flow reached P11.3 billion, supporting the firm’s ability to return capital to shareholders and fund future growth initiatives.
The company’s board also approved a cash dividend of P0.24 per share, signaling confidence in the firm’s financial position. Payment is scheduled in May
Monde Nissin said it would continue managing cost pressures while pursuing growth, amid ongoing macroeconomic and geopolitical uncertainties.
Looking ahead, Monde Nissin CFO Jesse Teo said the company is planning around P7.5 billion in capital expenditures (capex) for 2026, largely for its APAC food and beverage business.
This year’s capex is higher after the company trimmed its 2025 capex to about P4 billion from an earlier P7.5-billion plan due to construction adjustments.
“Our biscuit business is on a roll, we need to build new facilities to meet unmet demand,” Teo said, noting that bulk spending will be deployed this year.
He added the company would remain cautious and flexible, adjusting its plans depending on how macroeconomic and geopolitical risks unfold.
