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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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Hong Kong Company Formations Surge 40.5% in 2025, Outpacing Regional Competitors

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1 day ago

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15/05/2026

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Air Corporate data reveals 9 in 10 founders incorporated in Hong Kong do so remotely, driven by a 20% surge in Middle Eastern entrepreneurs seeking cost-effective operational alternatives to Dubai.

HONG KONG SAR – Media OutReach Newswire – 15 May 2026 – Air Corporate registered a 40.5% increase in Hong Kong incorporations in 2025, with the first quarter of 2026 already up 48% year-over-year. This data indicates that Hong Kong is reasserting itself as the leading Asian jurisdiction for company formation, fueled by a new wave of remote founders from the Middle East, North Africa, and Europe.

The prevailing narrative over the past five years suggested that Singapore was eclipsing Hong Kong; however, recent incorporation volumes challenge this. According to city-wide official figures cited by Vivian, Founder of Air Corporate, approximately 195,000 companies were registered in Hong Kong in 2025, compared to around 77,000 in Singapore.

“There was a lot of fuss about Singapore taking over Hong Kong as preferred jurisdiction over the last few years, but for 2025 alone, around 195,000 companies were formed in HK, vs around 77,000 for Singapore,” said Vivian. While city-wide registrations rose roughly 35% in 2025, incorporations at Air Corporate specifically grew by 40.5%. Vivian added, “With a 35% increase in the number of companies registered in 2025, Hong Kong is definitely back in the game as the top jurisdiction to start a company.”

The reality of Hong Kong company formation is increasingly global, lean, and founder-led. Nine in ten founders incorporated in Hong Kong with Air Corporate do not live there.

Key demographic and operational insights from Air Corporate’s client base include:

  • Approximately 90% of founders operate remotely from abroad, while 10% or less are based in Hong Kong.
  • Entrepreneurs aged 35 to 44 represent the largest age cohort at 38%, demonstrating that Hong Kong attracts founders in their prime career years rather than just younger digital nomads.
  • Serial entrepreneurs make up 60% of Air Corporate’s client mix, utilizing Hong Kong as an operational base for multiple companies, while first-time founders account for the remaining 40%.
  • A total of 89% of new companies are launched by solo founders (58%) or small teams of two to five individuals (31%).
  • Mainland China, Hong Kong, Turkey, India, the UAE, Australia, France, and Morocco rank among the top source markets for these founders.

Furthermore, 73% of new Hong Kong incorporations are directly tied to physical goods trade with China. This consists of e-commerce and dropshipping businesses (38%) and the trading of goods (35%). The recovery of in-person trade flows, including events, such as the Canton Fair and various industrial fairs, is pulling foreign founders back into the Greater China orbit and establishing Hong Kong as the natural entry point and financial layer over the world’s largest manufacturing base.

Air Corporate’s data recorded a 20% year-over-year growth in founders originating from the Middle East. This shift highlights a reverse migration where founders previously incorporated in Dubai are now choosing Hong Kong. Based on Vivian’s observations, founders often arrive in Dubai expecting fast incorporation and low costs, but discover that incorporation and maintenance are significantly more expensive than in Hong Kong, and banking remains difficult. Consequently, many founders move to Hong Kong after 12 to 24 months in the UAE, a trend accelerated by the Hong Kong government’s strategic outreach to the region.

For lean, remote-first businesses, speed-to-market is a critical factor. A founder located anywhere in the world can incorporate in Hong Kong and open a working bank account in approximately 7 days using digital banking partners. Currently, 90% of Air Corporate’s clients utilize these digital banking partners.

“Hong Kong and Singapore are the only places in Asia where you can set up your company, get a corporate account, and be in business in less than a week,” concluded Vivian.

Air Corporate is a service provider facilitating company formation and incorporation in Hong Kong for serial entrepreneurs, first-time founders, and remote-first business owners operating globally.

Media Inquiries
To learn more about Hong Kong company formation, visit Air Corporate’s website or contact their team directly.

Hashtag: #AirCorporate

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

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Natural Diamonds Sparkle on The Red Carpet at The 2026 Met Gala Celebrating “Costume Art”

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1 day ago

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15/05/2026

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Today’s biggest stars express individuality and confidence with natural diamonds

NEW YORK, US – Media OutReach Newswire – 15 May 2026 – The 2026 Met Gala celebrating “Costume Art” took place May 4th at the Metropolitan Museum of Art in New York City, bringing together leading figures from across the globe for an unforgettable evening. These tastemakers showcased the most classic, refined and distinctive diamond jewelry looks of the season. Below, A Diamond is Forever highlights the standout trends from the event.

Desert diamonds

Desert diamonds emerged as a striking throughline on the Met Gala carpet, with a range of hues in distinctive settings taking focus.

Rihanna led the trend in a pair of exceptionally rare old Moghul Golconda fancy brown-yellow diamond earrings by Glenn Spiro, featuring two pear-shaped natural diamonds totaling 51.9 carats. Doja Cat offset her all nude look with a pair of large Leviev Diamonds floral-shaped earrings while Paloma Elsesser made a statement in a 29.5-carat diamond necklace by Bernard James, centered around a 15-carat fancy light yellow pear-shaped natural diamond. Cara Delevingne wore a De Beers London Forces of Nature High Jewelry ring, featuring marquise yellow diamonds set as eyes, while Emma Chamberlain opted for yellow and white diamond earrings by Chopard, underscoring the continued allure of warm diamond hues.

Magnificent Diamond Earrings

A wide variety of captivating silhouettes defined the natural diamond earrings on the Met Gala carpet. Zoë Kravitz delivered a modern twist with oversized diamond flower earrings by Jessica McCormack. Chase Sui Wonders opted for Jean Schlumberger by Tiffany & Co. Sea Fan earrings, bringing an element of sculptural artistry to the look. Gracie Abrams selected gently dangling Chanel earrings, adding understated fluidity, while Connor Storrie selected simple hoop earrings from Tiffany & Co., reinforcing the clean and enduring appeal of natural diamonds.

Standout Diamond Moments

Natural diamonds appeared in personal, unconventional and eye-catching ways, offering moments of surprise and awe. Power couple Beyoncé and Jay-Z embodied this trend with Beyoncé wearing Chopard’s Queen of Kalahari necklace, named after the rare 342-carat diamond that provided 23 stones for Chopard’s Garden of Kalahari collection. Jay-Z contributed to the narrative with a vintage diamond brooch by Briony Raymond worn at the collar as an unexpected placement that underscored the piece’s versatility. Isha Ambani made the styling of diamonds an art form in itself, wearing her own diamond jewelry featuring approximately 150 carats of old mine-cut diamonds, including a three-strand necklace and chandelier earrings, while also incorporating diamonds sewn directly into the bodice of her sari to represent significant moments in her life.

Together, these looks highlighted a shift toward natural diamonds as vessels of personal expression, styled with intention, individuality, and a sense of the unexpected.

Hashtag: #MetGala #RedCarpet #ADiamondisForever #NaturalDiamonds #Diamonds





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

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Turn Your Savings into a Front-Row Experience: HL Bank Singapore Offers Exclusive Passes to AsiaTop Music Festival 2026

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1 day ago

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14/05/2026

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The premier music festival will play host to 16 K-pop, regional and Malaysian stars including, in performance order: Day 1 – NexT1DE, Aina Abdul, Belle Sisoski, Win Metawin, NMIXX, WINNER, DAESUNG, KUN. Day 2 – Uriah See, Firdhaus, Butterbear, 82MAJOR, STAYC, CRAVITY, TWS, CxM

SINGAPORE – Media OutReach Newswire – 14 May 2026 – Your next major K-pop experience is just a savings goal away as HL Bank Singapore (“HLB Singapore”) bridges the gap between financial wellness and the front row. In an exclusive collaboration designed for the ultimate music enthusiast, the bank is offering fans the chance to secure a pair of sought-after AsiaTop Music Festival 2026 tickets, valued at up to RM1,098 (approx. S$355), simply by growing their wealth.

HL Bank Singapore is giving music fans the chance to redeem exclusive passes to the AsiaTop Music Festival 2026, featuring top Asian acts, through its iSavings Reward Campaign.

This unique initiative stems from the regional synergy between Hong Leong Bank (“HLB”) and Tencent Music Entertainment Group (JOOX and QQ Music). By aligning with Visit Malaysia Year and Visit Selangor Year 2026, HLB is transforming the traditional banking experience into a gateway for premium entertainment. Scheduled for 30 and 31 May 2026 at the iconic Sepang International Circuit, the festival promises a high-octane weekend featuring an elite lineup of Asian superstars, including the largest K-pop showcase in the ASEAN region.

Securing a spot at the heart of the action has been streamlined through the iSavings Reward Campaign, running from 9 May 2026 to 18 May 2026. To participate, fans first decide on their preferred festival experience, selecting either a pair of Standard Passes with a S$5,000 deposit or the high-energy, nearer-to-the-stars Rockzone Passes with a S$8,282 deposit for their chosen day.

Once a tier is selected, customers can register by depositing the qualifying funds into an iSavings account via FAST or Links transfer. To validate their entry, customers must include the specific Comment Code, such as PALLIR1 for Day 1 Rockzone, within the funds transfer description. The qualifying balance must be maintained within the account for a six-month (182 days) earmarked period.

With only 88 pairs of tickets available for this exclusive campaign, the stakes are high. Allocation is limited to 22 pairs per day for each ticket category and will be awarded strictly on a first-come, first-served basis. Fans are encouraged to act quickly to ensure their savings work as hard as they do while securing a premier seat at the musical event of the year.

For full terms & conditions, and further details, please visit: www.hlbank.com.sg/AsiaTop2026

Hashtag: #HLBankSingapore

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

HL Bank Singapore

HL Bank Singapore is the Singapore branch of Hong Leong Bank Berhad, a leading digital-centric Malaysia-based financial services institution with a rooted heritage in the country spanning over 120 years. Operating under a Full Bank Licence in Singapore, HL Bank offers a comprehensive range of financial services to our business, retail and high networth customers through our 4 core business segments – Business & Corporate Banking, Personal Financial Services, Private Wealth Management and Global Markets.

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