Monde Nissin 1Q profit falls 21% amid soft noodle sales, Quorn weakness
Monde Nissin Corp., the maker of Sky Flakes biscuits and Lucky Me! noodles, reported a 21 percent drop in first-quarter net income to ₱2.73 billion, down from ₱3.48 billion a year earlier, citing continued pressure on its meat alternative segment and softness in its core noodle business.
SPAVI 1Q sales hit ₱3.5B, adds 52 new stores
Shakey’s Pizza Asia Ventures, Inc., a leading food service group in the country, reported a 17 percent year-on-year increase in systemwide sales for the first quarter of 2025, reaching P3.5 billion in revenue, a 14 percent uptick.
SMC quadruples 1Q profit to ₱43.4B on asset sale windfall
San Miguel Corp. (SMC) reported a more than four-fold surge in first-quarter net income to ₱43.4 billion, up from ₱8.9 billion a year earlier, driven primarily by a one-time gain from the partial sale of power assets and foreign exchange adjustments, the diversified conglomerate said on Wednesday.
NGCP cuts April transmission rates by 28%
The National Grid Corporation of the Philippines (NGCP) announced a 28.45 percent reduction in transmission rates for the April 2025 billing period, with potential easing effects on electricity costs for millions of consumers.
Branded foods, travel units offset petrochemical drag in JG Summit’s 1Q performance
JG Summit Holdings Inc., the flagship conglomerate of the Gokongwei group, reported a steep 61 percent decline in net income to ₱4.3 billion in the first quarter of 2025, down from ₱11 billion a year ago.
