Jollibee Group CEO Highlights Record 2024 Results and Positive 2025 Start at the Annual Stockholders’ Meeting

MANILA, Philippines. 27 June 2025 – The Jollibee Group sustained its growth momentum in Q1 2025, following a third straight year of record-breaking performance in 2024—marked by its highest-ever Net Income and System-wide Sales (SWS).

At the Annual Stockholders’ Meeting, Jollibee Group Global President and CEO Ernesto Tanmantiong reported double-digit growth in Q1 2025: Revenue up 14.6%, System-wide Sales up 18.9%, and Operating Income up 17.6%. Both the Philippine and International businesses posted strong performances, growing by 11.9% and 29.5%, respectively.

A Record-Breaking 2024

Building on a strong 2023, 2024 set new records for the Jollibee Group. Net Income Attributable to Equity Holders of the Parent Company surpassed the Php10 billion mark for the first time, reaching Php 10.3 billion, while SWS hit an all-time high of Php 390.3 billion.

SWS grew 13% year-over-year, driven by same-store sales growth of 7.5% in the Philippines and 2.8% internationally, underpinned by sustained customer demand and disciplined market execution.

“From the start, we’ve dared to dream big—dreams that have shaped our journey and pushed us to reach higher,” said Tanmantiong. “Each milestone brings us closer to our bold goal of tripling Net Income after Tax and reaching a 20% Return on Invested Capital by 2028 and standing among the Top 5 restaurant companies in the world.”

Operational and Global Expansion

Operating profit increased 17.2% to Php16.9 billion, with the gross profit margin expanding by 60 basis points to 19.2% and the operating income margin improving to 6.3%.

The Group continued expanding its global footprint, opening 674 new stores in 2024—536 of them overseas—bringing the total store network to over 9,700 outlets worldwide. Franchisees operate 69% of these, reflecting the scalability and appeal of its business model.

The coffee and tea segment saw major growth with the acquisition of Compose Coffee in August 2024. The segment now spans 5,000+ stores globally, 78% franchised, and delivered 37% growth in SWS —Compose Coffee contributing 22.6%.

Focused on the Future

For 2025, the Jollibee Group plans to open 700–800 new stores, supported by capital expenditures of Php18–21 billion. It projects SWS growth of 8–12%, driven by 4–6% same-store sales growth and 4–8% expansion in store footprint, with a continued focus on North America, Europe, the Middle East, Asia, and Australia.

As its global footprint grew in 2024, the Jollibee Group also deepened the foundation that unites its diverse brands. Anchored on its evolved corporate identity and purpose—Spreading joy through superior taste—the company reinforced brand cohesion and strategic alignment across markets.

“This purpose guides our actions and decisions and inspires us to do our best. We are committed to bringing the joy of taste to our consumers with every meal, creating moments of happiness through superior flavors,” said Tanmantiong.

Advancing its sustainability journey, the Jollibee Group reaffirmed its commitment through its Joy for Tomorrow agenda. In 2024, it conducted over 11,700 food safety audits to uphold the highest standards of quality and consistency.

The Jollibee Group commissary sites in the Philippines achieved notable environmental milestones: a 32% cut in energy use, 33% reduction in water consumption, and 44% decrease in waste per metric ton of product compared to 2020. Around 62% of waste was diverted from landfills through sustainable disposal methods, with Mang Inasal’s Marilao Commissary maintaining its zero-waste-to-landfill status. In partnership with local government units and through employee volunteerism, Jollibee Group also planted 21,500 mangrove propagules to support coastal restoration.

Recognized for its people-first culture, the Jollibee Group earned its third Gallup Exceptional Workplace Award, was named among TIME’s Best Companies of the Year for the second time, and received Employer of the Year honors from the People Management Association of the Philippines.

The Jollibee Group impact extended to communities through the Jollibee Group Foundation’s Farmer Entrepreneurship Program, which earned several regional distinctions, including the Entrepreneurship Development Programme Award, Social Welfare Award, and inclusion in the 2024 Steward Leadership 25.

“As we move forward, we carry with us the unwavering confidence that our solid foundation, remarkable teams, and clear sense of purpose will continue to drive us toward our ambitious long-term goals. Together, we will seize new opportunities, delight countless consumers, and extend the joy of superior taste to even more communities across the globe,” said Tanmantiong.

To read the full Annual Report and Annual Stockholders Meeting, visit www.jollibeegroup.com/annual-reports/.