Strong Q3 lifts Jollibee’s 9-month performance

MANILA, Philippines — Solid financial results for the third quarter catapulted earnings of Asian food conglomerate Jollibee Foods Corp. from January to September.

The Jollibee Group recorded a net income attributable to equity holders of the parent company of P8.65 billion during the nine-month period, up by 2.2 percent from P8.47 billion in the same period in 2024.

Attributable net income in the third quarter rose by eight percent year-on-year to P3.03 billion as the company maintained growth across key markets.

The Jollibee Group’s revenues for the nine months expanded by 14.3 percent year-on-year to P224.22 billion.

System-wide sales reached P115.1 billion in the third quarter, up by 16.8 percent from the previous year.

The group’s international business grew by 32.4 percent, while the Philippine business demonstrated continued resilience with 5.5 percent growth.

“Our multi-brand, multi-market strategy remains a key enabler of sustainable and balanced growth across geographies,” Jollibee Group chief executive officer Ernesto Tanmantiong said.

“Our third quarter performance reflects the continued strength of our diversified brand portfolio and disciplined execution across geographies. We remain focused on long-term value creation, expanding our global footprint and delivering consistent sustainable returns to our shareholders,” he said.

Through September, the Jollibee Group opened 754 new stores, of which 583 or 77 percent were franchised.

Its total store network grew to 10,304 stores composed of 3,445 branches in the Philippines and 6,859 abroad.

Jollibee Group chief financial and risk officer Richard Shin said  the group continues to optimize its capital allocation and enhance asset efficiency through franchising and selective investments.

He said the strategy enables accelerated network growth while minimizing capital outlay and improving profitability, driving steady EBITDA expansion and margin resilience.