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SMFB delivers 16% profit growth in first quarter
San Miguel Food and Beverage Inc. (SMFB) reported a net income of P11.6 billion in the first quarter of 2025, a 16% increase from the previous year.
The company's consolidated revenues reached P98.9 billion, showing a 4% year-on-year growth.
Gross profit increased by 11% to P28.6 billion, while income from operations grew by 16% to P15.2 billion.
SMFB chairman Ramon Ang attributed the strong performance to the company's diversified portfolio and focused execution.
San Miguel Foods, the company's food segment, posted an 83% increase in net income to P3 billion as revenue rose by 8% to P46.3 billion.
Spirits under Ginebra San Miguel Inc. recorded P16.3 billion in revenues, an 8% increase year-on-year, with its net income growing by a tenth to P2.1 billion.
However, tempered market conditions caused a 3% dip in the sales of San Miguel Brewery Inc. to P36.3 billion.
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