Jollibee Foods Corp. (JFC) said it saw stable domestic demand and strong overseas growth in the fourth quarter (Q4) of 2025, led by Vietnam.
“Since our December update, the operating environment and business trends remain broadly consistent with our prior disclosures,” JFC Chief Financial and Risk Officer Richard Shinn said in a statement Thursday.
“Customer demand in key markets has remained stable, and network expansion is supported by strong franchisee engagement, underpinning our asset light growth strategy,” he said.
The company said early indicators show solid growth in system-wide and same-store sales in the fourth quarter of 2025.
In the Philippines, Jollibee Group's champion brands, including Jollibee, Chowking and Mang Inasal, grew domestic system-wide and same-store sales through brand equity and consumer engagement, with the fourth quarter results seeing improved demand amid a challenging operating environment.
Vietnam, Jollibee Group's largest overseas market by store count, recorded high double-digit growth in system-wide and same-store sales, supported by strong market position and asset-light expansion, the company said.
It added, “The Tim Ho Wan (THW) concept is emerging as a strategic growth engine for Jollibee Group, highly complementary to the group's portfolio and well positioned for long-term global expansion.”
In January 2025, JFC completed the acquisition of Tim Ho Wan through its subsidiary Jollibee Worldwide Pte. Ltd. acquired 166.46 million shares from Titan Dining Group Ltd. for $20.2 million under a share purchase agreement signed in November 2024.
“In Hong Kong, store operations have stabilized and returned to profitability, strengthening confidence in the brand's operating model and execution under Jollibee Group's leadership, including the first THW location opened following the acquisition. In the US, early customer response to the newly opened stores has been encouraging, supporting management's conviction in the scalability and long-term growth potential of the THW brand in international markets.”
The company reported that over the past four years, Jollibee Group has achieved double-digit growth in system-wide sales, revenue, earnings before interest, taxes, depreciation and amortization (EBITDA), operating profitability and store network expansion.
The growth of its store network remained on track, supported by more franchisees and its low-asset strategy, which aids scalability and efficiency across markets.
Jollibee recently inaugurated its fourth food commissary in Guinsay, Danao, Cebu, supporting regional expansion and job creation. The facility serves Jollibee and six of its 13 brands and aims to optimize logistics in the Visayas and Mindanao.
JFC plans to spin off its international business into a standalone company, which it will list on the US stock exchange by the end of 2027 to support its global expansion.
Jollibee Foods Corp. International (JFCI) will include all businesses outside the Philippines, while the domestic operations will remain locally listed.
JFC's shares jumped the most in five years following the announcement.
At a media briefing, Mr Shin said the proposed transaction seeks to unlock value by providing structural clarity, enabling investors to independently evaluate each business with greater transparency.
“Each entity will operate as a completely independent entity post demerger. They are now independent companies, they are no longer subsidiaries. Each entity will have its own board management team and operating model with clear accountability and decision-making authority,” he said.
Mr Shin said the setup will simplify capital allocation and strategy execution, potentially leading to sustainable returns and valuation re-rating over time.
He said the US listing links JFCI with the largest capital markets, provides liquidity access, and supports valuation discovery, giving it an edge over other indices.
In the local market on Thursday, JFC shares rose 0.29% or 60 centavos to close at P209 each. — Alexandria Grace C. Magno