Monde Nissin Corp., the Philippines’ largest maker of instant noodles and biscuits, said Wednesday its net income in the first nine months of 2025 grew 9.6 percent to P6.7 billion, boosted by higher gross profit, lower operating costs in its meat alternative business and foreign exchange gains.
Third-quarter net income climbed 13.4 percent year-on-year to P2.3 billion, the company said in a disclosure to the stock exchange.
Consolidated revenues in the nine-month period increased 3.5 percent to P63.3 billion, while third-quarter revenue grew 3.8 percent year-on-year to P21.8 billion.
Monde Nissin chief executive Henry Soesanto attributed the bulk of the third-quarter revenue growth to the group’s Asia-Pacific Branded Food and Beverage (APAC-BFB) segment, supported by volume growth in biscuits and other categories.
APAC-BFB’s net sales in the first nine months grew 4.4 percent to P53.3 billion, with third-quarter revenues up 4 percent. The domestic business posted a 5.2 percent increase for the first nine months and 5.1 percent growth in the third quarter.
Revenues from the meat alternative business declined 3.9 percent for the first nine months and by 1.1 percent in the third quarter.
Soesanto noted that while a strong start to October with record domestic sales was encouraging, the company remains cautious about uncertainties in the fourth quarter.
“While higher edible oil costs continue to put pressure on our gross margins, we are beginning to see the benefits of our pricing adjustments and cost-saving initiatives, such as reformulation,” Soesanto said.
“We expect these efforts to drive gradual gross margin recovery in the succeeding quarters, though full year gross margin is still expected to be lower than last year,” he said.
Despite the challenging market environment, Soesanto said the company is on track to achieve its mid-single growth in revenues for the year.
“We will continue to focus on driving efficiency and supporting a gradual recovery as we navigate the current market environment,” he said.
