SMFB net income jumps on strong food, beer and spirits businesses

by Philippine Chronicle

Richmond Mercurio – The Philippine Star

November 12, 2025 | 12:00am

MANILA, Philippines — San Miguel Food and Beverage Inc. (SMFB) saw its net income rise by 11 percent to P33.7 billion from January to September on the back of strong performances across its food, beer and spirits divisions.

SMFB generated revenues of P302.9 billion during the nine-month period, up by four percent year-on-year, fueled by firm demand, efficient pricing and sustained brand initiatives despite weather-related disruptions.

“Our performance shows the effectiveness of our strategy to grow across multiple segments and markets,” SMFB chairman Ramon Ang said.

“We 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,” he said.

San Miguel Foods led the growth for the nine-month period, posting a seven-percent year-on-year jump in revenues to P143.5 billion as volumes and demand expanded across key categories including dairy and coffee, poultry and prepared and packaged food.

Growth in international markets and stable domestic sales, meanwhile, enabled San Miguel Brewery to register revenues of P110.7 billion.

Ginebra San Miguel Inc., for its part, delivered a seven-percent improvement in revenues to P48.7 billion, buoyed by brand campaigns, efficiency gains and disciplined execution.

SMFB said it remains in a solid financial position, supported by steady earnings and prudent capital management, while keeping flexibility to pursue growth opportunities and strategic investments.

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