Food and beverage company Balai ni Fruitas Inc. reported that its net income in 2024 grew 16 percent to PhP68 million from PhP59 million in 2023 on improved same store sales and strategic expansion of its retail footprint.
Based on the latest available public disclosures, BALAI once again outperformed all other foodservice companies listed on the Philippine Stock Exchange (PSE) in 2024, leading the sector in both revenue growth and retaining its position as one of only two companies in the sector with double-digit net income.
Year 2024 also marked a milestone year for BALAI, defined by strategic expansion, brand growth, and operational achievements.
In April last year, the Group completed the acquisition of the 40-year-old Sugarhouse brand, along with key operational assets, strengthening BALAI’s portfolio by expanding into the premium cake category and enhancing production capacity. This acquisition not only broadens BALAI’s product offerings but also unlocks synergies across its existing brands Balai Pandesal, Buko Ni Fruitas, and House of Desserts.
In the second half of the year, BALAI further expanded product offering by securing an exclusive distributorship agreement with D’ Famous Red Box Corporation, granting it the sole rights to distribute the well-loved Polland Hopia brand in Cebu and Zamboanga.
This strategic partnership enables BALAI to tap into two key regional markets with strong consumer demand for traditional Filipino delicacies, particularly hopia — a beloved snack across generations. The Polland Hopia brand will be featured in
Balai Pandesal stores, creating synergies with BALAI’s existing product offerings, such as breads and juices, which resonate deeply with Filipino consumers.
Lester C. Yu, President and CEO, Balai ni Fruitas Inc. said that 2024 was a defining year for BALAI, marked by sustained growth, strategic milestones, and strengthened brand equity as they continued to deliver solid performance across its core brands.
“With our store footprint growing year after year, we are more committed than ever to reaching more Filipino households and delivering well-loved, quality products that resonate with our market. As we move forward, we remain focused on sustainable growth, brand innovation, and bringing the BALAI experience closer to every Filipino,” Yu said.
