Monde Nissin Corporation announced its unaudited financial results for the six months ended June 30, 2025, highlighting solid revenue growth and significant strategic progress in key business segments.
The company’s consolidated revenue for the first half of 2025 increased by 3.3% to Php 41.5 billion, with the second quarter showing a 3.8% growth. This performance was primarily driven by the Asia-Pacific Branded Food and Beverage (APAC BFB) business, which saw net sales grow by 4.6% to Php 34.9 billion in the first half, fueled by strong volume growth in the biscuits and culinary categories.
“Our APAC BFB business delivered modest top-line growth in the second quarter, driven by volume growth in biscuits and culinary,” said Henry Soesanto, Chief Executive Officer of Monde Nissin Corporation. “So far this quarter, we have experienced good growth across all our APAC BFB domestic categories, with July being the best month of the year so far.”
While core net income attributable to shareholders for the first half saw a decline of 7.2% to Php 4.7 billion, primarily due to lower gross profit in the APAC BFB business and a foreign exchange loss, the company reported a significant increase in reported net income. Reported net income for the first half grew by 7.8% to Php 4.4 billion. In the second quarter, reported net income surged by 174.8% to Php 1.7 billion, driven by a significantly lower non-cash loss on the fair value of the Meat Alternative guaranty asset.
Mr. Soesanto also provided an update on the company’s Meat Alternative business, noting, “We are pleased to report continued improvement in our Meat Alternative business during the second quarter. Our gross margin expanded over 200 bps, and we achieved positive EBITDA for the quarter after funding A&P investment. In July, we saw a modest year-over-year increase in Meat Alternative sales, which was our first growth after several years of decline.”
Monde Nissin’s financial position remains strong, with Php 11.1 billion in cash and cash equivalents and a stable net debt-to-equity ratio of 0.12. The company’s outstanding debt was at Php 1.2 billion as of June 30, 2025, with operating cash flow at Php 4.3 billion for the first half of the year.
“While we have experienced pressure on our Q2 gross margin, we have implemented a range of pricing and cost-saving initiatives to address this,” Mr. Soesanto concluded. “We expect gross margin will improve in the second half of the year compared to the first half, though full-year gross margin is expected to be lower than last year, reflecting ongoing input cost pressures. We remain focused on stabilizing performance and adapting to evolving consumer preferences.”
