Food manufacturer Universal Robina Corp. (URC) on Friday reported a 55-percent net income growth to P2.2 billion in the third quarter of 2025 from P1.42 billion in the same period last year.
The strong quarterly performance contributed to a solid nine-month result, with net income rising 5.6 percent year-on-year to P8.47 billion.
Consolidated revenues in the third quarter inched up by 1.5 percent to P38.73 billion from P38.13 billion a year ago, while nine-month revenues reached P124.623 billion, a 4-8 percent increase from the previous year.
Sales from URC’s branded consumer foods (BCF) segment rose 4.3 percent to P85.763 billion from P82.234 billion in 2024.
Domestic operations were a key driver, posting a 4.8-percent increase in net sales to P58.994 billion, fueled by strong volume growth in snacks and ready-to-drink beverages.
International operations also saw a growth of 3.2 percent to P26.769 billion from P25.950 billion, led by resilient volumes in Malaysia and Indonesia.
The commodities business delivered strong results, with revenues increasing 11.4 percent to P28.959 billion from P25.989 billion.
This was led by its sugar and renewables segments. The sugar business saw a 21.6-percent jump in revenue to P17.529 billion, while renewables climbed 5.5 percent to P5.326 billion. The flour business grew 2.1 percent to P4.706 billion from P4.608 billion on the back of higher volume.
The animal feeds business declined 7.1 percent, with sales falling to P9.902 billion from P10.661 billion on lower volumes in hog feeds and dog food.
The company’s gross profit increased 2.1 percent to P33.040 billion from P32.365 billion. This was achieved despite a 5.9-percent increase in the cost of sales, which rose to P91.583 billion from P86.520 billion, mainly attributable to higher material costs, particularly coffee.
URC also reported a net foreign exchange gain of P608 million, a significant increase from P164 million in the previous year, resulting from fluctuations in the Philippine peso and the depreciation of the Vietnamese dong.
