Corporate
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.
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.
GMA Network delivers strong Q1 on political ads, tight cost control
GMA Network Inc. reported a 293 percent surge in net income for the first quarter of 2025, fueled by a robust recovery in advertising revenue ahead of the May mid-term elections. The broadcasting giant posted a net profit of ₱801.68 million for the January to March period, sharply higher than the ₱204.12 million recorded in the same quarter last year.
