Monde Nissin Corporation reported strong financial performance for the year ending 31 December 2024, posting a 3.7 percent increase in consolidated revenue reaching P83.1 billion. The company’s fourth-quarter growth was particularly notable, with a 5.1 percent increase in comparable revenue.
The corporation’s gross profit surged 16 percent to P28.7 billion for the full year, driven by improved gross margins, particularly in its Asia-Pacific Branded Food and Beverage (APAC BFB) segment, which saw a 414 basis point improvement due to lower commodity costs. Despite challenges in its meat alternative division, which experienced a decline in revenue, Monde Nissin’s core net income grew 21.3 percent to P2.3 billion in 4Q, contributing to a 28.6 percent increase in annual net income, totaling P9.8 billion.
The company’s APAC BFB business saw significant growth, with net sales up 5.4 percent for the year and 8.7 percent in 4Q, benefiting from volume growth across all categories. This segment’s gross profit increased by 18.7 percent to P25.8 billion for the year. In contrast, the meat alternative division, primarily driven by Quorn Foods, faced declining sales, contributing to a 9.3 percent drop in full-year revenue.
Monde Nissin also declared a P0.15 per share dividend, with a record date of 25 April 2025, and payment scheduled for 22 May 2025. This decision highlights the company’s robust cash flow, which amounted to P12.8 billion for the year. Despite setbacks in its alternative protein segment, Monde Nissin’s solid overall performance underscores its strong position in the branded food and beverage sector.
