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Jollibee Group Reports 19.6% Systemwide Sales Growth in Quarter 2 2025

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U.S. Growth Highlights Include New Jollibee Store Openings and Chickenjoy’s #1 Ranking

WEST COVINA, US – Media OutReach Newswire – 15 September 2025 – Jollibee Foods Corporation (PSE: JFC), also known as Jollibee Group and one of the largest Asian food service companies, recently reported its financial results of operations for the second quarter ended June 30, 2025, based on its Unaudited Consolidated Financial Statements.

In the United States, the company’s flagship brand, Jollibee, continued its rapid expansion, strengthening its presence in key metropolitan areas and driving brand affinity among both Filipino-American communities and mainstream consumers. The brand also celebrated a milestone as its flagship product, Jollibee Chickenjoy fried chicken, was ranked #1 on USA Today’s 10Best Fast Food Fried Chicken list for the second consecutive year.

Jollibee Group Chief Executive Officer, Ernesto Tanmantiong gave the following statement on the Jollibee Group’s performance for the second quarter:

“The Jollibee Group delivered strong financial results for the second quarter, with both revenue and profit growth accelerating compared to the first quarter – reflecting our continued business momentum and improved operational execution.

In the U.S. market, Jollibee Chickenjoy and our Coffee and Tea portfolio remain powerful growth drivers, building brand love among diverse consumer groups. Smashburger also continues its path toward stronger performance through operational enhancements, franchising, and menu innovation.

On a year-on-year basis, our consolidated revenues rose by 15.5%, driving a 19.1% growth in operating income. This growth reflects the strength of our Coffee and Tea segment and sustained contributions from Jollibee International, which includes North America, underscoring the effectiveness of our multi-brand and muti-market strategy.

The Jollibee Group achieved a record-high system-wide sales (SWS) of Php114.5 billion (approximately US$2.035 billion) for the quarter, marking a 19.6% increase year-on-year. Our international business delivered a robust 32.6% growth in SWS, fueled by a 68.8% surge in the Coffee and Tea segment, largely driven by Compose Coffee which accounted for 56.6% of the growth. Jollibee international continued its strong momentum, with SWS increasing by 15.4% versus the same quarter last year.

I am pleased to share that our Jollibee Chickenjoy has once again secured the #1 spot in USA Today’s 10Best Fast Food Fried Chicken list for the second consecutive year—a milestone that reflects our growing brand love and the passion of our teams in the U.S. and around the world.

My sincere thanks to our teams for their unwavering commitment and exceptional effort. I look forward to building on this momentum as we continue to pursue excellence across all markets.”

Quarter 2 (Unaudited)

% Change

1H 2025 (Unaudited)

% Change

Financial Data
In Php Millions Except for Per Share Data 2025 2024 2025 2024
System Wide Sales 114,542 (US$2,035.5) 95,799 (US$1,655.9) 19.6 217,738 (US$3,812.2) 182,626 (US$3,209.2) 19.2
Revenues 77,626 (US$1,379.5) 67,216 (US$1,161.8) 15.5 147,852 (US$2,588.6) 128,520 (US$2,258.4) 15.0
Operating Income 6,037 (US$107.3) 5,069 (US$87.6) 19.1 10,846 (US$189.9) 9,160 (US$161.0) 18.4
EBITDA 11,153 (US$198.2) 9,823 (US$169.8) 13.5 20,929 (US$366.4) 18,772 (US$329.9) 11.5
Net Income 3,416 (US$60.7) 3,187 (US$55.1) 7.2 5,914 (US$103.6) 5,891 (US$103.5) 0.4
Net Income Attributable to Equity Holders of
the Parent Company 3,211 (US$57.1) 3,041 (US$52.6) 5.6 5,617(US$98.3) 5,658 (US$99.4) (0.7)
Earnings Per Share – Basic 2.788 (US$0.050) 2.622 (US$0.045) 6.3 4.857 (US$0.085) 4.866 (US$0.086) (0.2)
Earnings Per Share – Diluted 2.780 (US$0.049) 2.618 (US$0.045) 6.2 4.843 (US$0.085) 4.858 (US$0.085) (0.3)

Apart from its demonstrated growth in the second quarter, Jollibee Group also grew by 19.2% in the first half compared to the same periods last year. Same-Store Sales Growth (SSSG) for the quarter was 5.5% with AC and TC growth of 2.7% and 2.8%, respectively.

SSSG of the international business grew by 4.1% led by strong results from North America (NA) Asian Brands posting +7.8%, Europe, Middle East, Asia (EMEA) +7.7%, The Coffee Bean and Tea Leaf (CBTL) +4.9%, Milksha +4.7%, Highlands Coffee +4.4% and China +3.9%. SSSG of the Philippine business increased by 6.4% driven by Mang Inasal (+12.0%), Red Ribbon (+8.4%), Yoshinoya (+7.9%), Panda Express (+7.8%) and Jollibee (+7.0%).

Operating income rose by 19.1% to Php6.0 billion (approximately US$ 107.3 million) with margin improving by 30 bps to 7.8% in Q2 2025. Net income attributable to equity holders of the Parent Company increased by 5.6% to Php3.2 billion (approximately US$ 57.1 million), reversing the decline seen in Q1 2025. Earnings per share (basic) grew by 6.3% to Php2.788 (approximately US$ 0.050).

Jollibee Group Chief Financial and Risk Officer, Richard Shin gave the following statement:

“Our strong operating results this quarter reflect not only the positive impact of our strategic acquisition but also the underlying resilience of our business. Disciplined execution of both our cost optimization initiatives and portfolio innovation efforts helped stimulate growth and profitability. The expansion in operating margin and earnings underscores the effectiveness of our strategy.

I am particularly pleased with the successful expansion of our international business, which is now making a meaningful contribution to the overall performance.

  • Jollibee international is delivering strong growth despite softness in the broader US market.
  • The Coffee and Tea segment continues its upward trajectory, emerging as one of the fastest-growing segments. Expansion across key geographies is driving incremental revenue and margin enhancement.
  • Compose Coffee is set to surpass 3,000 stores and remains on track to deliver a 36% Return on Invested Capital (ROIC) in 2025, demonstrating the value-creating potential of this acquisition.
  • Smashburger has a clearly defined path toward improving financial performance, supported by operational improvements, product innovations and conversion of company-owned stores to franchised stores.
  • China is showing early signs of recovery, marking a potential turnaround in performance.

Our strategic shift toward franchising, combined with disciplined capital allocation, is enhancing asset efficiency and ROIC. Today 69% of our stores operate under a franchised model, reflecting our ongoing transition to a more capital-light structure.

We also continue to deploy capital expenditures selectively, with a focus on supporting the growth in the U.S., Philippines, Jollibee international and coffee and tea brands. This balanced approach ensures that our investments are aligned with both strategic priorities and return objectives.

We remain confident in our direction and capabilities, and we are reaffirming our full-year guidance.”

At the end of June 2025, the Jollibee Group’s store network increased by 45.5% to 10,119 compared to a year ago: Philippines (3,424) and International (6,695) – 547 in China, 357 in North America, 400 in EMEA, 896 with Highlands Coffee mainly in Vietnam, 1,261 with CBTL, 346 with Milksha, 2,809 with Compose Coffee, and 79 with Tim Ho Wan.

Forward-Looking Statement Disclaimer

The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement and JFC gives no assurance that such forward-looking statements will prove to be correct or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from JFC’s expectations. All subsequent written and oral forward-looking statements attributable to JFC or person acting on behalf of JFC expressly qualified in their entirety by the above cautionary statements.
Hashtag: #JollibeeGroup

The issuer is solely responsible for the content of this announcement.

About Jollibee Group

Jollibee Foods Corporation (PSE: JFC) (the “Company”) is one of the world’s fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. It manages and operates a portfolio which includes 19 brands (the “Jollibee Group”) with over 10,000 stores and cafés across 33 countries.

The Jollibee Group’s portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology.

The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).

The Company has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a four-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List

To learn more about Jollibee Group, visit

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Tanoto Foundation Convened Global and National Leaders to Strengthen the Early Childhood Education and Development (ECED) Ecosystem at the 2025 International Symposium on ECED

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SINGAPORE – Media OutReach Newswire – 29 December 2025 – Tanoto Foundation convened government leaders, international organisations, researchers, and civil society at the 2025 International Symposium on Early Childhood Education and Development (ECED), in Jakarta under the theme “ECED Ecosystem Synergy in Promoting the Best Start in Life.

The symposium comes at a critical moment, as shared challenges across health, nutrition, education, and caregiving continue to shape early childhood development outcomes in Indonesia and globally, where many young children continue to face barriers to healthy development, from gaps in nutrition and care to limited access to quality early learning.

These challenges highlight the need for closer coordination across health, education, parenting, and social protection to ensure children receive holistic and equitable support from the earliest years.

Without strong cross-sector collaboration, Indonesia risks losing momentum in building its human capital and realising its demographic dividend towards Indonesia Emas 2045.

In partnership with key government ministries and cross-sector organisations, Tanoto Foundation convened the symposium as a platform to align policy, practice, and evidence across sectors, bringing together representatives from central and local government, international organisations, academia, civil society, and philanthropy.

The symposium featured two main discussion tracks focused on health and education, and parenting in early childhood.

The morning segment, “Synergising Health and Education for ECED”, focused on integrating health, nutrition, and early learning services, highlighting innovations in growth and development monitoring, nutrition interventions, and early stimulation within primary service systems.

The afternoon session, “Parenting and Early Learning”, placed families and caregivers at the centre of the ECED ecosystem, exploring responsive caregiving, interaction-based learning, and policy support to strengthen parents’ capacity to nurture children’s development.

Indonesian Minister of Health Budi Gunadi Sadikin officially opened the symposium, emphasising the decisive importance of early childhood for national development.

“The age of 0 to 5 years is a highly decisive phase in determining whether a person will grow into a healthy, intelligent adult who can contribute to the nation, including to increase per capita income,” the Minister said.

“If we do not act quickly, we risk missing Indonesia’s demographic dividend. This is our responsibility to our children.”

The Government of Indonesia has reaffirmed early childhood development as a national priority through the Long-Term National Development Plan 2025 to 2045 and the Medium-Term National Development Plan 2025 to 2029, with Holistic and Integrated Early Childhood Development (PAUD-HI) designated as a key performance indicator.

Opening the afternoon session, Indonesian Minister of Women Empowerment and Child Protection, Arifatul Choiri Fauzi, highlighted the symposium’s contribution to policy strengthening.

“This forum brings together strategic cross sector perspectives. We encourage the resulting recommendations to be used to strengthen policies, regulations, and service innovations for early childhood development,” she said.

Indonesian Deputy Minister of Higher Education, Science, and Technology, Prof. Stella Christie, underscored the importance of science-based parenting and high-quality interaction.

“Caregiving with optimal interaction between children and caregivers has the greatest potential to maximise child development,” she said. “No technology, including artificial intelligence, can replace the power of human interaction.”

She added that children learn through curiosity, imitation, and everyday experiences, making responsive and evidence-based parenting critical for brain development and lifelong learning.

CEO of Tanoto Foundation Benny Lee reaffirmed the Foundation’s long-term commitment to early childhood development as a cornerstone of human potential.

“The early years are when the foundations of brain development, health, and character are formed,” Benny said.

“This is not the work of one institution. It requires a truly supportive ecosystem built through collaboration among government, civil society, academia, and philanthropy.”

He emphasised that Tanoto Foundation, founded by Sukanto Tanoto, Founder and Chairman of Royal Golden Eagle (RGE), views early childhood development as a primary investment, where collective action can deliver lasting and sustainable impact. “This symposium is about ensuring that every child receives the strongest possible start in life, every parent receives the support they need, and every sector moves forward together,” he said.

The symposium brought together up to 200 participants, with speakers from government, development organisations, academia, research institutions, and philanthropy.
Hashtag: #RGE #TanotoFoundation #Philanthropy #Indonesia #ECED #EarlyChildhood #Healthcare

The issuer is solely responsible for the content of this announcement.

About Tanoto Foundation

At Tanoto Foundation, we unlock human potential, help communities thrive, and create lasting impact. Founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto, we are an independent family foundation that believes in providing every person with the opportunity to realise his or her full potential. To do so, we catalyse systems change in education and healthcare. Our approach is impact-first, collaborative, and evidence-based. We invest for the long term and strive to develop leaders who can drive sustained, positive outcomes.

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Can Gio Awakens as Ho Chi Minh City’s Next Growth Frontier

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After decades of quiet, Can Gio is awakening on Vietnam’s southern coast, as fresh investment and grand designs breathe new life into the once-remote district of Saigon.

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 27 December 2024 – Six months after the groundbreaking of a 2,870-hectare coastal urban project backed by Vingroup, Vietnam’s largest private conglomerate, Can Gio, once seen as a forgotten corner of Ho Chi Minh City, is now emerging as a new growth engine for Vietnam’s southern metropolis.

Vinhomes Green Paradise: A Hidden Gem Poised to Shine in Vietnam’s Real Estate Market.

Breaking Isolation

For years, Can Gio was often left out of the city’s rapid development. Surrounded by dense forests and accessible mainly by ferry, it remained a world apart. Now, that is beginning to change.

Six months ago, the large-scale land reclamation project officially started construction. Locals call it a “game changer” that awakened a land long left behind. Along the coast that once lay quiet, a vast construction site has emerged, with heavy machinery working day and night. “I was very surprised by the speed,” said Prof. Pham Van Song, president of the Mien Dong University of Technology, noting that hundreds of hectares have already been filled and stabilized within months.

The project, developed by Vingroup through its real estate arm Vinhomes, represents one of the group’s most ambitious coastal developments, part of a long-term vision to extend Ho Chi Minh City’s urban footprint toward the sea. With billions of U.S. dollars in investment, it combines housing, tourism, and modern infrastructure within a single master plan that anchors Can Gio’s transformation.

Complementing this project, a series of major infrastructure works are also reshaping the district. By the end of 2025, the Phu My Hung–Can Gio high-speed railway, designed to reach 350 kilometers per hour, is expected to begin construction, linking the area to the city’s southern urban core. In 2026, the long-awaited Can Gio Bridge will break ground, cutting the journey to the city center to around 45 to 60 minutes.

At the same time, the Rung Sac interchange, with an investment of 3,000 billion VND (about 120 million U.S. dollars), will connect Can Gio directly with the Ben Luc–Long Thanh Expressway. Expected to be completed in 2028, it will link Can Gio with both the Southwest and Southeast regions, including Long Thanh International Airport.

In addition, a sea-crossing expressway between Can Gio and Vung Tau, 50 meters wide and proposed by Vingroup, would stretch across the sea for more than 10 kilometers. The plan envisions a wide eight-lane road that could reduce travel between Can Gio and Vung Tau to under 15 minutes, creating a strategic connection between the two coastal economies.

These efforts fit within a broader regional plan that combines road, rail, water, and sea transport. Another key project is the Can Gio International Transshipment Port, covering 571 hectares with an investment of 50,000 billion VND. The port is designed to become a new symbol of Vietnam’s maritime economy, with its first phase scheduled to begin operations in 2027 and full completion before 2045.

“A Single Project Ignites the South”

According to Prof. Pham Van Song, the rise of Can Gio is a natural development, especially with the involvement of Vingroup through its Vinhomes Green Paradise project. He believes that Can Gio is moving from an ecological area on the fringe of development to a new center of growth. “All modes of transportation will be available in Can Gio,” he said. “The district’s GRDP will grow rapidly in line with ongoing construction and investment. Both the number of residents and visitors will surge. Local people will be the first to directly benefit from these projects, and their lives will become increasingly prosperous.”

The changes are already drawing attention from investors. Dinh Minh Tuan, southern regional director of Batdongsan.com.vn, said the number of searches related to Can Gio has tripled since the beginning of the year. After the Vinhomes Green Paradise project broke ground, property interest in the district doubled again. “Just one single project has heated up the entire southern market,” he said.

Experts say this follows a familiar pattern. In the 1990s, Nguyen Van Linh Boulevard helped turn southern Ho Chi Minh City into a thriving area and drew nearly two million residents. In the 2010s, the completion of the Thu Thiem Tunnel and Bridge attracted more than one million people to the city’s east. “Investors who followed the infrastructure development wave then saw huge gains,” Tuan noted. “Can Gio now stands at a similar starting point, but with a stronger push.”

With a population of about 80,000, Can Gio has long faced a single challenge: lack of connectivity. But, “with the series of large-scale investments now under way, Can Gio is expected to grow faster than many of the city’s earlier new urban areas,” said Tuan.
Hashtag: #Vinhomes

The issuer is solely responsible for the content of this announcement.

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Z.ai Open-Sources GLM-4.7, a New Generation Large Language Model Built for Real Development Workflows

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SINGAPORE – Media OutReach Newswire – 26 December 2025 – Z.ai has released GLM-4.7, the latest version of its open-source large language model, ahead of Christmas, as the company steps up efforts to position its models for real-world software development and production use.

The new model is designed around practical engineering workflows, with a focus on long-running task execution, stable tool calling, and multi-step reasoning, capabilities that have become increasingly important as developers deploy large language models in complex, agent-based systems.

Compared with its predecessor, GLM-4.6, GLM-4.7 shows notable gains in code generation, complex reasoning, and agent execution. According to Z.ai, the model delivers more consistent and controllable performance over extended tasks, while producing cleaner and more concise language output, addressing a common weakness in many open-source models.

To evaluate performance in realistic settings, Z.ai tested GLM-4.7 on 100 practical programming tasks in production-like environments such as Claude Code, spanning front-end, back-end, and command-execution scenarios. The company said GLM-4.7 achieved higher task completion rates and greater stability than GLM-4.6, and has since been adopted as the default model for its GLM Coding Plan.

Benchmark results also place GLM-4.7 among the strongest open-source models currently available. It scored 67.5 on BrowseComp and 87.4 on τ²-Bench, the latter marking a new high for open-source systems. In coding-focused evaluations, including SWE-bench Verified and LiveCodeBench v6, its overall performance approaches that of Claude Sonnet 4.5. In Code Arena’s large-scale blind evaluation, which aggregates votes from more than one million comparisons, GLM-4.7 ranked first among open-source models.

The model is available through the BigModel.cn API and has been integrated into Z.ai’s full-stack development platform, according to the company. As open-source models take on a more prominent role in the global technology ecosystem, Z.ai’s progress offers a clear indication of how such systems may continue to evolve, and what they might enable next.

Default Model for Coding Plan: https://z.ai/subscribe
Try it now: https://chat.z.ai/
Weights: https://huggingface.co/zai-org/GLM-4.7
Technical blog: https://z.ai/blog/glm-4.7

Hashtag: #ZAI

The issuer is solely responsible for the content of this announcement.

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