Record Q4 performance sets up Jollibee for sustained expansion

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March 11, 2026 | 12:00am

MANILA, Philippines — A strong performance in the fourth quarter of 2025 has provided Asian food conglomerate Jollibee Foods Corp. (JFC) the impetus to spend as much as P16 billion to support its expansion initiatives and sustain growth momentum this year.

JFC said it plans to expand its network by 1,200 to 1,300 stores for 2026, with capex ranging between P13 billion and P16 billion.

After finishing 2025 on a high note, the company is projecting full year system-wide sales growth to be in the range of eight to 12 percent this year, with same-store sales growth of four to six percent and store network increase of five to 10 percent.

Operating income growth is targeted to be in the range of 15 to 18 percent.

“For 2026, we are targeting continued top-line momentum and further operating income expansion, supported by strong cash generation and disciplined capital allocation. We remain confident in our ability to build on this momentum and deliver sustainable, profitable growth for our shareholders,” JFC chief financial and risk officer and Jollibee Group international business chief executive officer Richard Shin said.

JFC capped off 2025 with a healthy profit as the company delivered its highest fourth-quarter operating income in its history amid sustained growth across its Philippine and international businesses.

The company saw its net income attributable to equity holders of the parent company jump by 5.4 percent to P10.87 billion last year from P10.32 billion in 2024.

Full year revenues accelerated by 13 percent year-on-year to P305.11 billion on the back of sustained consumer demand and continued strength across the group’s core markets.

“Our strong fourth quarter sales momentum translated into an even more meaningful expansion in operating income, which grew by 41.9 percent for the quarter – marking our strongest fourth-quarter operating performance in JFC’s history,” JFC chief executive officer Ernesto Tanmantiong said.

“We closed 2025 with 16.6 percent systemwide sales (SWS) growth and healthy performance across both our Philippine and International businesses, reflecting the continued relevance of our brands in a dynamic consumer environment,” he said.

The Jollibee Group’s SWS performance and new store openings exceeded its 2025 guidance, while same store sales growth remained within the guided range.

Throughout 2025, Tanmantiong said JFC continued to scale across key markets, reinforcing the depth and resilience of its global platform.

“We opened 1,126 stores during the year, the highest annual store opening level in our company’s history, further strengthening our long-term growth runway,” he said.

JFC expanded its footprint by 5.9 percent to 10,341 as of end–2025, having 3,504 stores in the Philippines and 6,837 abroad.

“As we enter 2026, we remain focused on sustaining profitable growth, enhancing operational efficiency and creating long-term value for our stakeholders,” Tanmantiong said.