MONDE NISSIN CORP. reported an 11.34% increase in its first-quarter (Q1) attributable net income to P3.25 billion, driven by higher revenues from its domestic food business and improved performance in its meat alternative segment.
In a press release on Wednesday, the corporate said consolidated revenues rose 9.1% to P22.78 billion, while gross profit increased 8.3% to P7.1 billion.
“Our APAC BFB business delivered robust topline growth in the primary quarter, supported by volume growth across all categories. We’re encouraged by the sequential improvement in gross margin, despite ongoing inflationary pressures,” Monde Nissin Chief Executive Officer Henry Soesanto said.
The corporate’s Asia-Pacific branded food and beverage (APAC BFB) business posted net sales of P19.1 billion, up 8.6% from a yr earlier.
Domestic sales rose 9.5% to P18.1 billion, while international sales declined 5.1%.
Monde Nissin said pricing actions and price management initiatives helped offset higher input costs.
Revenue from meat alternatives under Quorn Foods grew 1.4% in constant currency terms and 11.7% on a reported basis as a consequence of currency effects.
Gross profit for the segment rose 54.4% to P1.2 billion, while gross margin improved to 31.8%.
Reported net income climbed 34.1% to P3.7 billion, supported by a P210-million non-cash fair value gain on the meat alternative guaranty asset and foreign exchange gains.
“Despite a robust begin to the yr, we remain mindful of ongoing uncertainties and inflationary headwinds. We’ll proceed to administer the business prudently, while remaining sensitive to our consumers when price adjustments are mandatory,” Mr. Soesanto said.
As of end-March 2026, Monde Nissin had P16.6 billion in money and money equivalents, while outstanding debt stood at P1.7 billion.
On the stock exchange on Wednesday, Monde Nissin shares rose 2.29% to shut at P6.71 apiece. — Alexandria Grace C. Magno