Monde Nissin Corporation announced its unaudited financial results for the first quarter ended March 31, 2026, reporting a consolidated revenue increase of 9.1% to Php 22.8 billion.
The company’s performance was bolstered by robust volume growth in its Asia-Pacific Branded Food and Beverage (APAC BFB) segment and a significant recovery in the profitability of its Meat Alternative business.
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Consolidated Revenue: Increased 9.1% year-on-year to Php 22.8 bn.
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Core Net Income: Grew 11.3% to Php 3.3 bn, driven by improved gross profits.
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Reported Net Income: Rose 34.1% to Php 3.7 bn, aided by a Php 210 mn non-cash gain from fair value adjustments and favorable foreign exchange gains.
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APAC BFB Net Sales: Increased 8.6% to Php 19.1 bn, led by a 9.5% growth in the domestic Philippine market.
The APAC BFB segment maintained its momentum with volume growth across all categories. While the international business saw a slight decline of 5.1%, the domestic market’s 9.5% growth to Php 18.1 bn more than compensated for the dip. Gross margin for the segment showed a strong sequential improvement, rising 236 bps quarter-on-quarter to 37.0%, as pricing actions and cost management initiatives successfully mitigated the impact of elevated input costs.
The Meat Alternative segment reported a stabilizing performance with a 1.4% revenue increase on a constant currency basis (11.7% on a reported basis). Most notably, the segment saw a dramatic expansion in gross margin, which grew by 881 bps year-on-year to 31.8%. This turnaround was driven by strategic transformation benefits, optimized inventory levels, and targeted price increases. Core EBITDA for the segment more than doubled to Php 325 million, even as the company increased marketing investment for its frozen ingredients line.
Henry Soesanto, Chief Executive Officer of Monde Nissin, commented: “Our APAC BFB business delivered robust topline growth in the first quarter, supported by volume growth across all categories. We are particularly encouraged by the sequential improvement in gross margin despite ongoing inflationary pressures.”
Regarding the Meat Alternative business, Mr. Soesanto added: “Sales have stabilized, and we achieved positive EBIT, reflecting steady progress in our ongoing transformation. Our focus on cost reduction and efficiency is yielding clear results.”
Looking ahead, Monde Nissin remains cautious yet optimistic. “Despite a strong start to the year, we remain mindful of ongoing uncertainties and inflationary headwinds,” concluded Mr. Soesanto. “We will continue to manage the business prudently, maintaining a balance between operational efficiency and consumer price sensitivity.”
