Figaro Coffee Group Inc. announced a 14 percent increase in income for the fiscal second quarter ending December 2024, reporting P222.04 million, up from P194.74 million the year prior. The rise in earnings was attributed to effective management of overhead costs and continued store expansion.
Despite a slight dip in revenue to P1.44 billion from P1.45 billion, the company remains resilient in the face of global inflation pressures on raw materials. CFO Jose Petronio Vicente Español III noted that steady revenue performance was supported by successful cost management and increased operational capacity.
For the first half of fiscal 2025, Figaro’s income rose 15 percent to P325.53 million, compared to P282.93 million the previous year. Revenue for the period was slightly higher at P2.83 billion, up from P2.76 billion.
With total assets reaching P5.47 billion, the company is poised for continued growth, emphasizing its commitment to expansion and operational efficiency. Liquidity also improved, as the current ratio rose to 1.5 times from 1.19 times.
The company’s chairman, Justin Liu, highlighted their ongoing expansion plans and the introduction of new menu items and promotions in 2025. As of 31 December, Figaro operated 216 stores, with 142 under the Angel’s Pizza brand, 63 under Figaro Coffee, and additional outlets under Tien Ma’s, Café Portofino, and Koobideh Kebabs.
In 2024, Figaro opened 34 new stores, including 28 Angel’s Pizza locations, strengthening its market position for the year ahead.
