JOLLIBEE Foods Corp. (JFC) said it saw stable domestic demand and robust overseas growth within the fourth quarter (Q4) of 2025, led by Vietnam.
“Since our December update, the operating environment and business trends have remained broadly consistent with our prior disclosures,” JFC Chief Financial and Risk Officer Richard Shin said in a press release on Thursday.
“Customer demand has been stable across key markets, and network expansion continues to be supported by strong franchise engagement, reinforcing our asset light growth strategy,” he added.
The corporate said preliminary indicators showed solid system-wide and same-store sales growth in Q4 2025.
Within the Philippines, Jollibee Group’s Champion Brands, including Jollibee, Chowking, and Mang Inasal, drove domestic system-wide and same-store sales growth through brand equity and consumer engagement, with fourth-quarter results showing improving demand amid a difficult operating environment.
Vietnam, Jollibee Group’s largest overseas market by store count, recorded high double-digit system-wide and same-store sales growth that outperformed peers, supported by strong market position and asset-light expansion, the corporate said.
“The Tim Ho Wan (THW) concept continues to emerge as a strategic growth engine for the Jollibee Group, highly complementary to the Group’s portfolio and well positioned for long-term global expansion,” it said.
In January 2025, JFC accomplished its takeover of Tim Ho Wan through its subsidiary Jollibee Worldwide Pte. Ltd., acquiring 166.46 million shares from Titan Dining Group Ltd. for $20.2 million under a share purchase agreement signed in November 2024.
“In Hong Kong, store operations have stabilized and returned to profitability, reinforcing confidence within the brand’s operating model and execution under the Jollibee Group’s stewardship, including the primary THW location opened following the acquisition. Within the US, early customer response to newly opened stores has been encouraging, supporting management’s conviction within the scalability and long-term growth potential of the THW brand across international markets,” it said.
Over the past 4 years, Jollibee Group achieved double-digit growth in system-wide sales, revenues, earnings before interest, taxes, depreciation, and amortization (EBITDA), operating profitability, and store network expansion, the corporate noted.
Its store network growth remained on course, supported by more franchises and its low-asset strategy, which aids scalability and efficiency across markets.
Jollibee recently inaugurated its fourth food commissary in Guinsay, Danao, Cebu, supporting regional expansion and job creation. The power serves Jollibee and 6 of its 13 brands and goals to optimize logistics across the Visayas and Mindanao.
JFC plans to spin off its international business right into a standalone company, which it is going to list on a US stock exchange by late 2027 to support its global expansion.
Jollibee Foods Corp. International (JFCI) would come with all businesses outside the Philippines, while domestic operations will remain listed locally.
Shares of JFC jumped essentially the most in over five years after the announcement.
In a media briefing, Mr. Shin said the proposed transaction seeks to unlock value by providing structural clarity, enabling investors to guage each business independently with greater transparency.
“Each entity will operate as a completely independent entity post-separation. They’re independent corporations now, they’re not subsidiaries anymore. Each entity may have its own board management team and operating model with clear accountability and decision-making authority,” he said.
Mr. Shin added that the setup would make capital allocation and strategy execution smoother, potentially driving sustainable returns and valuation re-rating over time.
He noted that a US listing aligns JFCI with the most important capital market, provides liquidity access, and supports valuation discovery, making it preferable over other indices.
On the local bourse on Thursday, JFC shares rose 0.29% or 60 centavos, closing at P209 each. — Alexandria Grace C. Magno