San Miguel Food and Beverage Inc. (SMFB) reported a consolidated net income of ₱33.7 billion for the first nine months of 2025, up 11 percent year-on-year, driven by strong performances across its food, beer, and spirits divisions.
Consolidated revenues increased 4 percent to ₱302.9 billion, supported by firm demand and sustained brand initiatives despite weather-related challenges. Operating income rose 12 percent to ₱44.7 billion, while EBITDA climbed 13 percent to ₱58.4 billion, improving margins to 19 percent.
“We will continue to strengthen our supply chain, improve productivity, and expand capacity to capture more opportunities,” said SMFB chairman Ramon S. Ang, highlighting the company’s focus on long-term growth and value creation.
San Miguel Foods posted ₱143.5 billion in revenues, up 7 percent, led by growth in dairy, coffee, poultry, and packaged foods. Operating income jumped 32 percent to ₱12.9 billion, while EBITDA rose 27 percent to ₱20 billion, boosted by margin gains and cost efficiencies.
San Miguel Brewery recorded ₱110.7 billion in revenues, with steady domestic sales and expanding international markets. Operating income edged up 2 percent to ₱23.9 billion, and EBITDA rose 4 percent to ₱30 billion, aided by disciplined cost management and anniversary marketing events.
Ginebra San Miguel Inc. delivered a 7 percent revenue increase to ₱48.7 billion, driven by brand campaigns and operational efficiency. Operating income climbed 19 percent to ₱7.5 billion, and EBITDA also rose 19 percent to ₱8.4 billion, reflecting strong market presence and improved productivity.
SMFB said it remains in a solid financial position, supported by consistent earnings and prudent capital management, ensuring flexibility to pursue future growth and strategic investments.
