URC reports 2% net income drop, 3% sales growth

Universal Robina Corporation (URC), a Gokongwei Group subsidiary, reported a two percent decrease in net income to ₱12.5 billion for the year 2024.

Despite this dip, sales increased by three percent to ₱161.9 billion due to volume growth across all divisions.

Operating income fell four percent to ₱16.7 billion primarily because of lower earnings from URC's sugar and renewables business (SURE).

Excluding SURE, URC saw a 20 percent increase in operating income driven by structural margin improvements.

URC declared a dividend of ₱2.00 per share for stockholders on record as of April 11, 2025, with payout scheduled for May 9, 02025.

The company's president and CEO, Irwin Lee, highlighted strong cash generation and expected further improvements in growth momentum due to new product innovations and better value offers.

Sales for URC's Branded Consumer Foods group reached ₱109.5 billion, with international sales up eight percent despite tepid consumer sentiment in Southeast Asia.