Universal Robina Corporation (URC) announced its financial results for the second quarter and first half of 2026. The Company reported Q2 sales of ₱41.5 billion, representing a 2% increase year-on-year (YoY), bringing total revenue growth for the first half of the year to 4%.
Earnings performance was particularly robust, with net income from continuing operations reaching ₱3.0 billion in the second quarter—a 25% surge YoY. Core net income attributable to the parent company grew 10% to ₱2.9 billion, supported by disciplined financing cost management and sustained operational efficiency.
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Net Sales: ₱41.5 billion in Q2 (Up 2% YoY); First Half 2026 sales up 4% YoY.
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Operating Income: Increased 2% YoY in Q2, driven by strong core performance despite higher oil-related operational costs and expected softness in the Sugar segment.
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Net Income (Continuing Operations): ₱3.0 billion (Up 25% YoY).
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Core Net Income (Attributable to Parent): ₱2.9 billion (Up 10% YoY).
Total branded consumer foods (BCF) sales reached ₱29.4 billion for the quarter, reflecting a 4% increase YoY.
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BCF Philippines: Grew 3% YoY to ₱20.1 billion, led by gains in the Bakery and Powdered Beverages categories. Powdered Beverages benefited from last year’s strategic pricing adjustments and substantial cost-improvement initiatives.
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BCF International: Revenue expanded by 8% in Philippine Peso terms (down 2% in constant currency). Strong performance in Vietnam and Malaysia helped offset market softness in Thailand and business restructuring in Cambodia following recent border conflicts.
Agro-industrial & commodities (AIC)
The AIC segment recorded ₱12.1 billion in sales, down 3% YoY, as double-digit growth in Flour and Animal Health was offset by lower volumes and softer market prices in Sugar.
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Animal Nutrition and Health (ANH): Sales surged 20% YoY, propelled by strong demand in hog feeds, cat pet care, and featherlines.
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Flour & Pasta: Revenues grew 8% YoY, supported by higher volume throughput and capacity utilization at the Sariaya facility. High double-digit profit growth in Flour drove a 7% expansion in total Commodities earnings despite broader industry headwinds in Sugar.
Irwin Lee, President and CEO of URC, stated:
“Our second quarter performance demonstrates the strength and balance of our portfolio. Growth from our Branded Consumer and Animal Nutrition businesses, alongside improving contributions from Flour, enabled us to deliver on our plans despite the anticipated softness in Sugar.
More importantly, we were able to manage disruption and cost impacts triggered by the ongoing conflict in the Middle East. While geopolitical tensions and inflationary pressures remain risks going forward, our strong brands, distribution strength, customer partnerships, and disciplined operational execution provide us with the flexibility to adapt and sustain competitive advantage in a volatile environment.”
