Monde off to strong start in Q1

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May 8, 2026 | 12:00am

MANILA, Philippines — Snack food giant Monde Nissin Corp. started the year strong, with core net income attributable to shareholders climbing by 11.3 percent to P3.3 billion in the first quarter on the back of robust revenue growth.

Reported net income for the period surged by 34.1 percent to P3.7 billion from a year ago, driven by a P210-million non-cash gain from the fair value adjustment of the meat alternative guaranty asset as well as foreign exchange gains.

Volume growth across all categories boosted Asia-Pacific branded food and beverage (APAC BFB) net sales by 8.6 percent to P19.1 billion.

Meat alternative revenue, meanwhile, improved by 1.4 percent in the first quarter on a constant currency basis.

“Our APAC BFB business delivered robust topline growth in the first quarter, supported by volume growth across all categories. We are encouraged by the sequential improvement in gross margin, despite ongoing inflationary pressures,” Monde chief executive officer Henry Soesanto said.

In the meat alternative business, Soesanto said sales stabilized at constant currency during the quarter, with gross margin expanding year-on-year.

“We achieved positive EBIT, reflecting steady progress in our ongoing transformation, supported by continued cost reduction and efficiency initiatives,” he said.

Despite a strong start to the year, Soesanto said Monde remains mindful of ongoing uncertainties and inflationary headwinds.

“We will continue to manage the business prudently, while remaining sensitive to our consumers when price adjustments are necessary,” he said.

Monde has recalibrated its capital expenditures for this year to P6.49 billion, from the previous budget allocation of P7.53 billion.

Of the company’s  2026 capex, P5.5 billion will go to its APAC BFB business, while the remaining P988 million will support its meat alternative business.

Monde off to strong start in Q1

Mercurio

MANILA, Philippines — Snack food giant Monde Nissin Corp. started the year strong, with core net income attributable to shareholders climbing by 11.3 percent to P3.3 billion in the first quarter on the back of robust revenue growth.

Reported net income for the period surged by 34.1 percent to P3.7 billion from a year ago, driven by a P210-million non-cash gain from the fair value adjustment of the meat alternative guaranty asset as well as foreign exchange gains.

Volume growth across all categories boosted Asia-Pacific branded food and beverage (APAC BFB) net sales by 8.6 percent to P19.1 billion.

Meat alternative revenue, meanwhile, improved by 1.4 percent in the first quarter on a constant currency basis.

“Our APAC BFB business delivered robust topline growth in the first quarter, supported by volume growth across all categories. We are encouraged by the sequential improvement in gross margin, despite ongoing inflationary pressures,” Monde chief executive officer Henry Soesanto said.

In the meat alternative business, Soesanto said sales stabilized at constant currency during the quarter, with gross margin expanding year-on-year.

“We achieved positive EBIT, reflecting steady progress in our ongoing transformation, supported by continued cost reduction and efficiency initiatives,” he said.

Despite a strong start to the year, Soesanto said Monde remains mindful of ongoing uncertainties and inflationary headwinds.

“We will continue to manage the business prudently, while remaining sensitive to our consumers when price adjustments are necessary,” he said.

Monde has recalibrated its capital expenditures for this year to P6.49 billion, from the previous budget allocation of P7.53 billion.

Of the company’s  2026 capex, P5.5 billion will go to its APAC BFB business, while the remaining P988 million will support its meat alternative business.