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Manila Bulletin devider Business devider The Stock Market devider SMFB revenue climbs 4% as pricing, demand offset disruptions

SMFB revenue climbs 4% as pricing, demand offset disruptions

Published Nov 10, 2025 06:42 pm
San Miguel Food and Beverage Inc. (SMFB), a core unit of diversified conglomerate San Miguel Corp., reported an 11 percent growth in consolidated net income to ₱33.7 billion for the first nine months of 2025, driven by strong performances across its food, beer, and spirits divisions.
Consolidated revenues improved four percent to ₱302.9 billion, the firm said in a statement, supported by firm demand, efficient pricing, and sustained brand initiatives despite weather-related disruptions.
Operating income grew 12 percent to ₱44.7 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 13 percent to ₱58.4 billion, improving margins to 19 percent.
“Our performance shows the effectiveness of our strategy to grow across multiple segments and markets,” SMFB Chairman Ramon S. Ang said.
Ang added the company “will continue to strengthen our supply chain, improve productivity, and expand capacity to capture more opportunities and deliver long-term value for our consumers and shareholders.”
San Miguel Foods posted ₱143.5 billion in revenues, up seven percent year-on-year, as volumes and demand rose across key categories including dairy and coffee, poultry, and prepared and packaged food.
The food division’s operating income grew 32 percent to ₱12.9 billion, while EBITDA increased 27 percent to ₱20.0 billion, aided by margin improvements and cost discipline.
San Miguel Brewery reported ₱110.7 billion in revenues, supported by growth in international markets and stable domestic sales. The brewery’s operating income inched up two percent to ₱23.9 billion, while EBITDA was up four percent to ₱30 billion amid sustained profitability and effective cost management.
Ginebra San Miguel Inc. posted a seven percent rise in revenues to ₱48.7 billion, supported by brand campaigns, efficiency gains, and disciplined execution.
Operating income for the spirits unit climbed 19 percent to ₱7.5 billion, and EBITDA also rose by 19 percent to ₱8.4$ billion, driven by stable volumes and improved efficiency.
SMFB maintains a solid financial position, supported by steady earnings and prudent capital management, while keeping flexibility to pursue growth opportunities and strategic investments, the company stated.

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San Miguel Food and Beverage Inc. Ramon S. Ang Ginebra San Miguel Inc. San Miguel Foods Inc. San Miguel Brewery
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