SMFB reports 16% net income growth in Q1 2025

San Miguel Food and Beverage Inc. (SMFB) reported a 16% increase in net income for the first quarter of 2025, reaching P11.6 billion with consolidated revenues of P98.9 billion.

Chairman Ramon Ang attributed the results to SMFB's diversified portfolio and focus on execution, expressing optimism for continued growth throughout the year.

The company’s food segment recorded an 8% revenue increase to P46.3 billion, driven by strong performance in poultry and steady sales across other categories like Purefoods processed meats, Magnolia dairy and coffee, and flour.

SMFB's beer business generated revenues of P36.3 billion, with domestic sales at P32.0 billion and international sales amounting to $74.9 million.

Ginebra San Miguel Inc., a subsidiary of SMFB, saw its revenues rise by 8% year-on-year to P16.3 billion, supported by sustained consumer demand and efforts to expand its customer base.

SMFB’s gross profit increased by 11% to P28.6 billion, while income from operations grew by 16% to P15.2 billion.