HONG KONG SAR - Media OutReach Newswire - 8 July 2025 - Jollibee Group (PSE: JFC), one of the largest Asian food service companies, announced robust first quarter 2025 results, highlighting strong growth in international markets, including Hong Kong and Macau, and continued global momentum across its diverse portfolio of brands.
| Financial Data | Quarter 1 (Unaudited) In PHP Millions Except for Per Share Data | % Change | |
| 2025 | 2024 | ||
| System Wide Sales | 103, 197 (US$ 1,757) | 86,827 (US $1,478) | 18.9 |
| Revenues | 70,226 (US$ 1,196) | 61,304 (US$ 1,044) | 14.6 |
| Operating Income | 4,809 (US$ 81.9) | 4,091 (US$ 69.7) | 17.6 |
| EBITDA | 9,776 (US$ 166.5) | 8,949 (US$ 152.4) | 9.2 |
| Net Income | 2,499 (US$ 42.6) | 2,704 (US$ 46.0) | (7.6) |
| Net Income Attributable to Equity Holders of | | ||
| the Parent Company | 2,406 (US$ 41.0) | 2,617 (US $ 44.6) | (8.1) |
| Earnings Per Share - Basic | 2.069 (US$ 0.035) | 2.244 (US$ 0.038) | (7.8) |
| Earnings Per Share - Diluted | 2.062 (US$ 0.035) | 2.238 (US$ 0.038) | (7.9) |
Jollibee Group posted consolidated revenues of Php 70.2 billion (US$ 1.20 billion) for the quarter that ended 31 March 2025, representing a 14.6% increase versus the same period last year. Global system-wide sales rose 18.9%, reflecting the Group's focused expansion strategy and resilient brand performance in both Philippines and international markets.
International system-wide sales surged by 29.5%, significantly boosted by strategic acquisitions and outstanding results in the Group's Coffee and Tea segment. Compose Coffee, acquired in late 2024, contributed substantially to this segment's performance, accounting for nearly half (49%) of its 62.2% year-on-year growth. The segment now represents 45.4% of the Group's international sales. International business's SWS for the quarter also include Tim Ho Wan which is now 100% owned by the Jollibee Group effective January 2025.
The Jollibee brand achieved global system-wide sales growth of 13.9% in Q1 2025, with particularly strong performance in Southeast Asia (+27.8%), North America (+10.9%), Europe (+10.9%), the Middle East (+12.9%), and China—specifically Hong Kong and Macau—which posted a solid 12.9% increase.
The Group's Hong Kong and Macau operations continued to benefit from steady dine-in recovery and growing brand affinity, reaffirming their importance as key growth markets within Greater China.
Commenting on the results, Ernesto Tanmantiong, Global President and CEO of Jollibee Group said, "We are pleased with our first quarter performance, particularly the continued growth in international markets such as Hong Kong, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world's most dynamic consumer markets and supports our long-term international growth strategy."
The Group also saw growth in its home market, the Philippines, where system-wide sales rose by 11.9%, driven by increased same-store sales across flagship brands. Mang Inasal led with a 15.9% increase, followed by Jollibee (+8.6%), Red Ribbon (+11.1%), and Chowking (+6.2%), with growth largely fueled by volume gains. Transaction count rose by 12.7%, outpacing average check growth, which increased by 2.7%.
The strong results helped offset business challenges of Smashburger and China. Smashburger, a wholly owned brand in the U.S., experienced an 8.0% decline in same-store sales, mainly due to lower transaction volumes. China operations recorded an 8.3% same-store sales decline, but Yonghe King had sequential volume improvements month-on-month within the quarter.
Operating income for the quarter rose 17.6% year-on-year to Php 4.8 billion (US$ 81.9 million), reflecting improved profitability despite a 56.2% increase in advertising and promotions as part of the Group's brand-building initiatives. The gross profit margin improved by 30 basis points, while the operating income margin increased by 10 basis points. The increase in promotional spend reflects the Group's commitment to long-term brand equity in key markets, including Hong Kong.
Net income attributable to equity holders of the parent company (NIAT) stood at Php 2.4 billion (US$ 41.0 million), down 8.1% versus the prior year, mainly due to higher below-the-line expenses. These included increased financing costs and higher non-operating charges. However, both operating income and NIAT improved by double digits on a quarter-on-quarter basis, showing resilience in underlying business performance.
Richard Shin, Jollibee Group Global Chief Financial and Risk Officer, noted, "We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance."
As of 31 March 2025, the Jollibee Group operated 9,935 stores globally, a 44.3% increase year-on-year. This includes 3,393 stores in the Philippines and 6,542 international stores. Within Greater China, the Group operates 560 stores, under the Yonghe King, Hong Zhuang Yuan, and Tim Ho Wan brands, reflecting ongoing expansion and deepening market penetration. Other key international footprints include 361 in North America, 393 in Europe, Middle East, Asia, and Australia (EMEAA), 865 Highlands Coffee locations (mainly in Vietnam), 1,246 The Coffee Bean & Tea Leaf outlets, 340 Milksha stores, 2,700 Compose Coffee shops, and 77 Tim Ho Wan branches.
Corporate Action
The Group continues to expand its presence across Asia, North America, and Europe, while reinforcing its commitment to delivering joyful food experiences rooted in cultural relevance and operational excellence. The Board of Directors approved a regular cash dividend of PHP 1.43 per share (approximately US$ 0.024), which was released on 16 May 2025 to shareholders of record as of 2 May 2025.
Forward-Looking Statement Disclaimer
The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group's expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary statements.
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About Jollibee Group
The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries.
The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology.
The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).
The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List.
www.jollibeegroup.comsource: Jollibee Group
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