Food manufacturer Universal Robina Corp. (URC) said Friday its net income attributable to equity holders of the parent for the first half of 2025 decreased by 4.9 percent to P6.27 billion from P6.59 billion a year ago as cost grew faster than sales.
First-half consolidated revenues climbed 6.4 percent to P85.88 billion, URC said in a disclosure to the stock exchange Friday.
“We are encouraged by our first half 2025 results, notwithstanding various external challenges. The strong volume-driven growth across our branded consumer food business thus far is a testament to the strength of our portfolio. We expect to sustain this momentum for the balance of the year as we continue to provide the best value to our customers and generate healthy returns for our shareholders,” said URC president and chief executive Irwin Lee.
Cost of sales increased 9.1 percent P62.96 billion on higher material costs, particularly coffee.
The 6-percent increase in consolidated revenues was driven by higher sales across its key business units.
Total Branded Consumer Foods (BCF) revenues grew 5 percent versus the same period last year.
Domestic operations posted a 4.6-percent increase in net sales to P39.59 billion in the first half of 2025 on higher volume. Snacks and ready-to-drink beverages delivered double-digit growth, while challenges in coffee and noodles persisted amid stiff competition.
International operations reported a 6.6-percent increase in net sales to P18.21 billion in the first half of 2025, driven by strong volume growth in Malaysia and Indonesia.
Agro-industrial and commodities recorded P21.7 billion in sales in the first half, up by 16 percent from a year earlier.
