Store network expansions boost Fruitas, Balai earnings
Fruitas President and CEO Lester Yu
Both Fruitas Holdings, Inc., a leading operator of multi-format food and beverage stores, and its baked goods subsidiary, Balai ni Fruitas Inc., delivered higher profits driven by store network expansions and higher same-store sales.
In a disclosure to the Philippine Stock Exchange, Fruitas said its net income improved 11.6 percent to ₱72.2 million compared to the same period of the prior year of ₱64.7 million, driven by the increase in revenues due to business expansion and leaner cost structure.
The Group generated revenues of ₱1.44 billion for the first half of 2025, a 4.07 percent increase from the same period in 2024, which closed at ₱1.38 billion. The increase was driven by the continuous store network expansion and stronger performance of the stores.
“We continued to grow our revenues in the first half of 2025 while focusing on improving margins. Despite the continued challenges in the market, the loyalty of our customers and hard work of our employees allowed us to post another good result for the semester,” said Fruitas President and CEO Lester Yu in a text message.
He added that, “We remain steadfast in strengthening our network enhancing our product offerings, and delivering value to both our shareholders and the communities we serve.”
Meanwhile, Balai posted an 11.15 percent improvement in net income for the first half of 2025 to ₱35.9 million compared to the same period of the prior year of ₱32.3 million, driven by the increase in revenue due to business expansion and continued same-store sales growth.
The Company generated revenues of ₱358.1 million for the first half of 2025, a 13.64 percent increase from the same period in 2024, which closed at ₱315.1 million. The increase was driven by the expansion of Balai Pandesal stores and the stronger performance of the stores.