Balai Profit Soars in 2024

Counter service bakery operator Balai ni Fruitas Inc. booked higher earnings last year following a robust top line growth which was driven by improved same-store sales and strategic expansion of the company's retail footprint.

- — Richmond Mercurio

Balai registered a 16-percent increase in net income to P68 million in 2024 from P59 million in 2023 as revenues climbed by 25 percent to P668 million from P535 million.

Balai president and CEO Lester Yu called 2024 as a defining year for the company, marked by sustained growth, strategic milestones and strengthened brand equity.

"We continued to deliver solid performance across our core brands — Balai Pandesal, Buko ni Fruitas and House of Desserts — while successfully integrating the Sugarhouse brand into our portfolio, allowing us to enter the premium cake segment and expand our production capabilities," Yu said.