San Miguel Brewery Inc. (SMB) reported a year-to-date net income of ₱23.4 billion from its Philippine operations, a 36.7% increase over last year. This growth includes dividends of ₱7.4 billion from SMB’s international subsidiary.
As of September 30, 2024, domestic revenues reached P98.8 billion, up 2.7% from the previous year due to better third quarter performance.
In the third quarter alone, beer sales volume increased by 3.9%, or 1.9 million cases, recovering from a slower first half. This growth was driven by targeted sales and marketing efforts, along with volume-boosting programs.
“San Miguel Brewery’s strong performance reflects our dedication to keeping consumers engaged with our iconic brands and making sure there’s a San Miguel beer for every occasion and preference,” said SMB Chairman Ramon S. Ang. “We will build on this momentum to drive continued growth, support San Miguel’s mission to help boost the economy, and make a positive impact on the lives of more Filipinos.”
