SMFB net income rises 13% in '25

San Miguel Food and Beverage Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corp. (SMC), reported a 13-percent increase in consolidated net income to ₱46.3 billion last year.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 10, the firm said growth was driven by a record performance from its food business, continued growth in spirits, and higher international beer sales.

Consolidated revenues improved five percent to ₱419.1 billion, while gross profit grew eight percent to ₱120.4 billion. Operating income increased nine percent to ₱61 billion, and earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 10 percent to ₱80.6 billion.