San Miguel Food and Beverage Inc. (SMFB) posted a strong performance for the first nine months of 2025, reporting net income of ₱33.7 billion, up 11% from the same period last year. Consolidated revenues rose 4% to ₱302.9 billion, supported by firm demand and effective pricing across its food, beer, and spirits businesses.
Operating income climbed 12% to ₱44.7 billion, while EBITDA grew 13% to ₱58.4 billion, boosting overall margins to 19%.
Food Leads the Way
San Miguel Foods recorded ₱143.5 billion in revenues, up 7% year-on-year, driven by higher demand for dairy, coffee, poultry, and packaged foods. Operating income surged 32% to ₱12.9 billion, while EBITDA jumped 27% to ₱20.0 billion. The company celebrated Magnolia’s 100th anniversary with nationwide campaigns highlighting its legacy.
Beer Holds Steady
San Miguel Brewery reported ₱110.7 billion in revenues, supported by stable domestic sales and international growth. Operating income edged up 2% to ₱23.9 billion, and EBITDA rose 4% to ₱30.0 billion. The brewery marked its 135th anniversary with Oktoberfest events and a limited-edition San Miguel Pale Pilsen 135th Heritage can.
Spirits Continue Strong Performance
Ginebra San Miguel saw revenues climb 7% to ₱48.7 billion, backed by brand campaigns and operational efficiency. Operating income rose 19% to ₱7.5 billion, while EBITDA increased 19% to ₱8.4 billion. Key initiatives included Kabayani Kita sa One Ginebra Nation and nationwide Ginumanfest events.
SMFB emphasized that its strong earnings and prudent capital management provide flexibility to pursue further growth and strategic investments.
Tags: SMFB, San Miguel Food and Beverage, San Miguel Foods, San Miguel Brewery, Ginebra San Miguel, Q3 2025 earnings, Philippines, revenue growth, EBITDA, food and beverage industry.