Jollibee Foods (JFC) investor relations material

Executive summary

• Achieved strong double-digit system-wide sales and revenue growth in Q2 and 1H 2025, driven by robust international and domestic performance, with Compose Coffee contributing 5.1% to Q2 revenues.

• Store network expanded to over 10,100 stores globally, with 473 new stores opened and 178 closures in 1H 2025, outperforming major global peers in topline and network growth.

• Maintained resilience and profitability in the Philippine business, with sustained momentum and value-driven offerings.

• Strategic focus on brand portfolio diversification, asset-light and franchise-driven growth, and disciplined capital allocation.

• Net income for 1H 2025 was ₱5.91B, up 0.4% year-over-year, while net income attributable to equity holders slightly declined by 0.7%.

Financial highlights

• Q2 2025 system-wide sales reached ₱114.5B (+19.6% YoY), revenue at ₱77.6B (+15.5% YoY), and net income at ₱3.4B (+7.2% YoY).

• H1 2025 system-wide sales at ₱217.7B (+19.2% YoY), revenue at ₱147.9B (+15.0% YoY), and net income at ₱5.91B (+0.4% YoY).

• Gross profit margin at 19.1%, NOI/operating margin at 7.8%, and EBITDA margin at 14.4% for Q2 2025.

• Free cash flow margin at 10.3% for Q2 2025.

• Earnings per share (basic) for 1H 2025 was ₱4.86, down 0.2% year-over-year.

Outlook and guidance

• FY2025 guidance targets 8–12% system-wide sales growth, 4–6% revenue growth, 700–800 new store openings, and 10–15% operating income growth.

• CAPEX budget for 2025 is set at ₱18–21B, focused on new stores, renovations, manufacturing, and technology, funded by internal cash and bank loans.

• Moderate, strategic price increases planned for the second half, with further margin improvement expected as cost pressures ease.

• Management expects continued growth from international expansion and coffee/tea brands, but notes potential headwinds from inflation, commodity prices, and consumer spending.