13 Aug 2025

Poultry help power San Miguel Foods’ strong H1 2025 performance

San Miguel Food and Beverage Inc posts strong H1 gains, with poultry helping to drive growth and profitability.

Isa Tan

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San Miguel Food and Beverage Inc (SMFB) has reported a robust financial performance for H1 2025, with its food segment including poultry playing a pivotal role in driving growth.

The company’s consolidated net income surged 15% year-on-year to USD 402 million, fueled by steady sales and enhanced cost management.

Food segment highlights

San Miguel Foods, the company’s food division, posted USD 1.65 billion in revenues from January to June 2025, marking a 7% increase from the previous year.

This growth was largely attributed to higher volumes and favorable pricing across key categories, with chicken leading the charge alongside canned meats, spreads, and coffee.

Key metrics

Operating income for the food segment soared 41% to USD 150 million.
Net income jumped 53% to USD 105 million.
EBITDA rose 34% to USD 229 million, reflecting improved margins and operational efficiencies.

The poultry category stood out as a major contributor to the segment’s success. Increased demand and strategic pricing helped lift volumes, while operational improvements ensured better cost control and profitability. This aligns with SMFB’s broader strategy to invest in capacity and efficiency, making everyday food more accessible to Filipino families.

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Leadership perspective

“Our first-half performance shows the strength of our operations and our ability to execute on long-term strategic goals,” said SMFB Chairman Ramon Ang.

“We will continue to invest in capacity, improve efficiency, and expand our reach to deliver lasting value to our customers and stakeholders, while making everyday food accessible to Filipino families.”

With poultry at the forefront, San Miguel Foods is well-positioned to sustain its momentum and meet growing consumer demand in H2 2025.

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