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Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth
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Financial Data |
Quarter 1 (Unaudited)
In PHP Millions Except for Per Share Data |
% Change |
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| 2025 | 2024 | ||
| System Wide Sales | 103, 197 (US$ 1,757) | 86,827 (US $1,478) | 18.9 |
| Revenues | 70,226 (US$ 1,196) | 61,304 (US$ 1,044) | 14.6 |
| Operating Income | 4,809 (US$ 81.9) | 4,091 (US$ 69.7) | 17.6 |
| EBITDA | 9,776 (US$ 166.5) | 8,949 (US$ 152.4) | 9.2 |
| Net Income | 2,499 (US$ 42.6) | 2,704 (US$ 46.0) | (7.6) |
| Net Income Attributable to Equity Holders of | |||
| the Parent Company | 2,406 (US$ 41.0) | 2,617 (US $ 44.6) | (8.1) |
| Earnings Per Share – Basic | 2.069 (US$ 0.035) | 2.244 (US$ 0.038) | (7.8) |
| Earnings Per Share – Diluted | 2.062 (US$ 0.035) | 2.238 (US$ 0.038) | (7.9) |
For the quarter ending March 31, 2025, the Jollibee Group reported system-wide sales (SWS) of Php 103.2 billion (US$ 1.76 billion), an increase of 18.9% compared to Php 86.8 billion (US$ 1.48 billion) in the same period last year. Consolidated revenues grew by 14.6% year-over-year to Php 70.2 billion (US$ 1.20 billion). This growth was driven by a combination of 5.5% same store sales growth (SSSG), mainly from volume growth and new store contributions.
Same-Store Sales Growth (SSSG) in the Philippines rose by 8.5%, led by Mang Inasal (+15.9%), Red Ribbon (+11.1%), Jollibee (+8.6%), and Chowking (+6.2%). This drove an 11.9% increase in system-wide sales in Q1 2025, primarily fueled by higher transaction volumes. International SSSG grew slightly by 0.7%, with strong contributions from Europe, Middle East, Asia, and Australia (EMEAA) at +5.3%, North American operations of Asian brands—such as Jollibee, Chowking, and Red Ribbon—at +4.8%, Highlands Coffee +4.4%, Milksha +3.1%, and The Coffee Bean & Tea Leaf (CBTL) +2.8%. The China business declined by 8.3%, although Yonghe King showed sequential improvement in transaction count. Smashburger also posted an 8.0% decline in SSSG, mainly due to lower transaction volumes.
Jollibee Group Global President and CEO Ernesto Tanmantiong commented, “We are pleased with our first quarter performance, particularly the continued growth in international markets such as Singapore, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world’s most dynamic consumer markets and supports our long-term international growth strategy.”
Jollibee Group’s international business saw system-wide sales (SWS) increase by 29.5%. This performance was significantly supported by the acquisition of Compose Coffee, which contributed 17.8% to the international business’ SWS growth. The Group’s Coffee and Tea segment—now comprising 45.4% of its international SWS—recorded a 62.2% increase, with Compose Coffee accounting for 49% of this growth.
Tim Ho Wan, now 100% owned by the Jollibee Group effective 02 January 2025, contributed to the international business’ growth in the quarter.
Flagship brand Jollibee system-wide sales rose by 13.9% globally, with standout performances in several international markets. The Philippines recorded 13.3% growth, China (Hong Kong and Macau) 12.9%, North America 10.9%, Southeast Asia 27.8%, the Middle East 12.9%, Europe 10.9%, and Guam 20.2%.
These results underscore the Jollibee brand’s growing global appeal and its positioning to win with consumers across diverse international markets. Singapore alongside other Southeast Asia markets continue to play an important role in the Group’s expansion, reflecting increased brand recognition and strong operational performance in the region.
Operating income grew by 17.6% to Php 4.8 billion (US$ 81.9 million), despite a 56.2% increase in advertising and promotions aimed at building brand equity and expanding market reach. The corresponding margin improved by 10 basis points due to higher gross profit levels and a modest rise in general and administrative expenses.
Net income attributable to equity holders of the Parent Company (NIAT) decreased by 8.1% to Php 2.4 billion (US$ 41.0 million), driven by higher below-the-line items. However, quarter-on-quarter, both operating income and NIAT increased by double digits. The year-over-year NIAT decline was largely due to non-operational factors.
Jollibee Group Global Chief Financial and Risk Officer Richard Shin commented, “We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance.”
As of March 2025, the Jollibee Group’s global store network increased by 44.3% year-over-year to 9,935 stores. This includes 3,393 stores in the Philippines and 6,542 stores internationally, comprising 560 in China, 361 in North America, 393 in EMEAA, 865 with Highlands Coffee primarily in Vietnam, 1,246 with CBTL, 340 with Milksha, 2,700 with Compose Coffee, and 77 with Tim Ho Wan.
The Jollibee Group’s performance in Q1 2025 reflects its focused execution and the strength of its global portfolio. The continued success in Southeast Asia, including Singapore, supports its ambition to become one of the top five restaurant companies in the world.
Corporate Action
On the corporate governance front, the Jollibee Group’s Board of Directors approved the declaration of a regular cash dividend of Php 1.33 (US$ 0.024) per share of common stock on April 14, 2025. The dividend was released on May 16, 2025, to shareholders of record as of May 2, 2025.
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 the Jollibee Group 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 the Jollibee Group’s expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group 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
The Jollibee Group (PSE: JFC) is one of the world’s fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores 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 Jollibee Group 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 three-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.
www.jollibeegroup.com 
The result is a range built to dominate anything from AAA gaming at 4K to AI workloads and content creation, regardless of which form factor suits you best.
Choosing the right Razer Blade laptop in 2026 between the Blade 14, Blade 16 and Blade 18 comes down to what kind of gamer, creator or AI developer you are and what you want out of your laptop: portability or maxed out performance.
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- Razer Blade 14: The ideal pick if you game anywhere and value portability and battery life above all else. Built for gamers with things to do and places to be.
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2026 Razer Blade 14 vs 16 vs 18 Laptop Comparison at a Glance: Specs, Use Cases and More
| Spec | Razer Blade 14 (2026) | Razer Blade 16 (2026) | Razer Blade 18 (2026) |
| Graphics | Up to NVIDIA® GeForce RTX™ 5070 (Up to 115W TGP) | Up to NVIDIA® GeForce RTX™ 5090 Laptop GPU, 24GB GDDR7 (Up to 165W TGP) | Up to NVIDIA® GeForce RTX™ 5090 Laptop GPU, 24GB GDDR7 (Up to 175W TGP) |
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| Storage | Installed
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Installed
Expandable
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Installed
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Expandable Supports PCIe SSDs, each slot upgradeable to 8 TB SSD (Dual Sided M.2)
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| Weight | 1.63 kg / 3.59 lbs | 2.14 kg / 4.71 lbs |
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| Price | From US$2,299 – US$2,899 | From US$2,399 – US$5,599 | From US$3,499 – US$6999 |
| Best For | Gamers on the move who want flagship-tier portability and battery life without giving up serious GPU power. | Gamers and creators who want flagship performance and a class-leading 240 Hz OLED in a chassis they can still commute with | Hardcore gamers, AI developers and pro creators who want desktop-class performance, upgradeable RAM and storage in a portable form factor |
*Spec ranges reflect the highest configurations available at the time of writing. Razer rotates configurations periodically, so please confirm your exact build before buying.
Razer Blade 14: For Gamers on the Move
The Blade 14 is built for the gamer who refuses to choose between portability and proper gaming performance. Daily commuters, students, frequent travellers and creators who want to work and play from anywhere are the natural fit. If your laptop spends real time in a bag, this is the Blade for you.
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Explore the Razer Blade 14.
Razer Blade 16: The Travel-Ready All-Rounder
The Blade 16 is for the user who wants flagship performance without committing to a desktop replacement form factor. Streamers running OBS alongside competitive titles, creators handling 4K video and AI-accelerated workflows and gamers chasing a true 240 Hz OLED experience on the go all fit the profile. It’s the model that gets recommended most often, and the 2026 generation strengthens the case.
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Explore the Razer Blade 16.
Razer Blade 18: Desktop-Class Performance for Power Users
The Blade 18 is built for users who want desktop-class performance without completely trading mobility. The natural audience includes professional creators editing 4K footage, hardcore gamers chasing high frame rates and developers running VMs or AI training jobs. It’s the right pick if you’d rather have one machine that handles everything than maintain a desktop and a separate laptop.
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Pick Your Razer Blade for 2026
The 2026 Razer Blade lineup offers three distinct paths: maximum portability with the Blade 14, balanced flagship power with the Blade 16 and desktop-class performance with the Blade 18. Whichever fits your style of play, there’s a Blade with your name on it.
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Hashtag: #razer #razerblade #razerblade14 #razerblade16 #razerblade18 #gaminglaptop
The issuer is solely responsible for the content of this announcement.
About Razer
Razer™ is the world’s leading lifestyle brand For Gamers. By Gamers.
The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.
Razer’s award-winning hardware includes high-performance gaming peripherals and Blade gaming laptops.
With over 200 million users, Razer’s software platform includes Razer Synapse (an Internet of Things platform), Razer Chroma RGB (a proprietary RGB lighting technology system supporting thousands of devices and hundreds of games/apps), and Razer Cortex (a game optimizer and launcher).
Razer also offers payment services for gamers, youth, millennials and Gen Z. Razer Gold is one of the world’s largest game payment services, and Razer Fintech provides fintech services in emerging markets.
Founded in 2005, Razer is dual headquartered in Irvine, California and Singapore, with regional headquarters in Hamburg and Shanghai and 19 offices worldwide.
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OneGrowth 2026: Shared AI Token Era Ahead China Telecom Global Partner Conference Held
Global Industry Leaders Convene, Charting a New Chapter for the Intelligent Era
Liu Ying, Executive Vice President of China Telecom, stated in her speech that China Telecom closely align with the high-quality joint construction of the Belt and Road Initiative, promoting the deep integration of mature domestic technological capabilities with global cloud and network resources, and steadily enhancing its international operational strength. Through continuous cultivation, China Telecom has built an AI Token international operation capability system, consolidating the foundation for expanding the global market and deepening ecosystem cooperation. Based on the new stage of the AI Token era, China Telecom is committed to leveraging Token operations as a bond to share the new global computing network, co-create a new paradigm of AI services, jointly govern the new cross-border compliance order, and collectively embrace the new value of the digital intelligence wave.
OneGrowth 2026, Upgraded, Annual Milestones Revisited
At the conference, China Telecom Global (CTG) officially launched the AI-powered and upgraded OneGrowth 2026 Global Cooperation Initiative. This upgrade centers on the three core dimensions of capabilities, applications, and cooperation. Leveraging on the AI Token empowerment system, it accelerates the standardization, commercialization, and global promotion of core AI capabilities.
Looking back at the past year, the key cooperation achievements of the China Telecom OneGrowth blueprint have gradually been put into practice. The “main artery” of the computing power network is smoother, the “2+5+X” global AIDC layout is accelerating, the ALC international submarine cable successfully landed in Hong Kong, and international submarine and terrestrial cables have increased to 185, with a capacity exceeding 304T. The “new engine” of platform capabilities is fully activated; the all-scenario Vision Network platform “OmanEye” officially commenced commercial trial provisioning, the International Seelink Vison Network Platform successfully put into service, and the global traffic platform operation has cumulatively served millions of customers. Four lightweight quantum products, including eSurfing Quantum Secret, took the lead in landing in the Asia-Pacific region. The “experimental field” of industry applications landed at scale; the Satellite Direct-to-PhoneService successfully landed in Hong Kong and Laos, and the global Internet of Vehicles (IoV) “One Card” capability covers more than 230 countries and regions. The “ecosystem” of cloud-intelligence integration continues to prosper, connecting to over 300 mainstream large models via more than 230 global cloud nodes.
United Through Tokens, Cultivared the AI Ecosystem
China Telecom comprehensively implementing the corporate strategy “Cloudification, Digital Transformation, and AI for good” and actively promotes Token-based operations, sincerely inviting global partners to activate the infinite potential of AI Tokens jointly defining a brand-new map for the intelligent era with OneGrowth initiative.
1. Capabilities Fully Upgraded, Building a “Five-in-One” Token Operation System
China Telecom deepens the “Five-in-One” Intelligent Cloud System, builds an “L-shaped” capability layout, and continuously enhances capabilities in compute, platforms, data, models, and applications, externally launching a one-stop comprehensive Token service platform—XINGCHEN TokenHub.
The Xingchen Super Intelligent Agent TeleAgent enables one-click access to mainstream global large models, creating a lightweight and highly efficient AI Token experience for various customers. The platform provides large model access and public cloud cooperation for leading customers in the industry, and providing standard and customized packages for SME customers in subdivided industries, achieving full-chain value management of “Production—Orchestration & Distribution—Application.”
2. Layout of Four AI Sectors, Building a Token Value Community
Building on the comprehensive layout of four core AI business sectors, and simultaneously opening up all platform resources of XINGCHEN TokenHub, differentiated cooperation schemes are launched for each track, joining hands with global partners to build a Token value community.
AI+ New Connectivity:
With cloud-network integration and computing-network unity as its foundation, and relying on intelligent dedicated lines, it achieves one-point cloud access, proximate high-speed connection, and ubiquitous coverage, providing low-latency, highly stable compute-network support for the high-speed flow of Tokens. It can provide partners with full-process services from technology to deployment, realizing intelligent connections that are manageable, controllable, and security-compliant.
AI+ Vision Network:
Jointly building an open and collaborative vision network platform with 30+ global partners. The international visual platform has deployed across multiple sites in Oman, the UAE, and the Asia-Pacific region, boasting over 10 landing scenarios. Driven by the twin engines of “platform + terminal” and “standards + operations”, creating a Token operation gateway to support overseas operators in achieving breakthrough growth and value-driven operations.
AI+ IoT:
Empowered by mature eSIM technology and an AI+ unified management platform, the business covers 230+ countries and regions, accumulating overseas service cases from 30+ leading automotive enterprises. The cooperation model has upgraded to a joint-operation framework, providing DMP platform customization, joint laboratory R&D, AIoT operation upgrades, and automotive industry eco-partnerships to enhance global user experience.
AI+ Digital Life:
Building the core AI entrance for families based on “one all-optical network, one intelligent cloud, and one Better Home.” It empowers externally by leveraging mature domestic experiences of 290 million users of Xiao Yi Guan Jia (Wing Butler) and 580 million ubiquitous smart terminal connections. Centering on overseas market demands, it opens up international cooperation for core products such as the eSurfing Smart Screen and eSurfing Cloud Drive, together with partners explore brand-new business models and empower global smart families.
Alliance Inaugurated, Consolidating the Foundation for Intelligent Upgrades
During the conference, the AI Token Global Service Ecosystem Alliance was officially inaugurated. Co-initiated by leading enterprises in domestic and overseas computing power supply, large model R&D, and vertical industry applications, the alliance is dedicated to unblocking the full-link synergy of AI Tokens from production and scheduling to application and monetization, jointly building an open, interoperable, and value-sharing globalized AI comprehensive service network to provide a solid foundation for the intelligent upgrade of global industries.
Outstanding Partners Honored, Embarking on a New Journey Together
The conference concluded with an awards ceremony. China Telecom presented the OneGrowth Best Innovative Carrier Partner, OneGrowth Best Product Innovative Partner, OneGrowth Best Strategic Partner, and OneGrowth Best Benchmark Partnership to partners who have shown outstanding performance in global cooperation. This accolades recognize partners walking alongside China Telecom, synergizing deeply in industrial layout planning, tackling cutting-edge technologies, and expanding overseas markets, thereby gathering industrial synergy to consolidate the foundation for digital industry development and jointly boosting the global digital intelligent transformation process.
This conference marks the strategic progression of the OneGrowth Global Cooperation Initiative from ecosystem construction to deep cultivation of sub-tracks. China Telecom will continue to leverage its unique advantages of cloud-network integration and broad cross-border coverage, upholding the core cooperation philosophy of “Co-Creation, Sharing, Co-Governance, and Win-Win.” By building a computing power foundation, expanding the cloud-network backbone, innovating the intelligent core, and gathering ecological synergy, it will make AI Tokens the universal value carrier connecting the global intelligent ecosystem, continuously contributing China Telecom’s strength to building a smarter, safer, and more inclusive global digital industry ecosystem.
Hashtag: #ChinaTelecom
The issuer is solely responsible for the content of this announcement.
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Hong Kong celebrates surge of global enterprises driving investment and opportunities
During the reception, Invest Hong Kong (InvestHK), the government’s investment promotion agency, announced impressive results for the first half of 2026, revealing that these enterprises are expected to bring in over HK$53 billion (US$6.8 billion) in foreign direct investment and create over 8,600 new jobs for Hong Kong.
Speaking at the reception, John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), said Hong Kong is one of the best places in the world to do business, being ranked as the world’s freest economy by the Fraser Institute and the second most competitive economy according to the latest IMD World Competitiveness Yearbook.
“In choosing Hong Kong for your Asian and global business expansion, you share my belief in Hong Kong’s flourishing future,” Mr Lee said. “You have made a wise choice. Hong Kong is one of the world’s best economies to do business in and with.”
Under the “one country, two systems” principle, Hong Kong possesses the distinctive advantages of enjoying strong support from the country (China) and being closely connected to the world. The city offers an open and business-friendly environment, a simple and low tax regime, and a common law system that seamlessly connects with global financial centres.
Austria-based transport and logistics firm Gebrüder Weiss recently upgraded its Hong Kong office to become regional headquarters in East Asia and Oceania. Its Regional Director East Asia/Oceania, Michael Zankel, said of Hong Kong, “The business environment is great, you have a lot of talent around here to employ. It has always been the gateway to the Chinese Mainland but for us it is more a gateway to Asia.”
According to Merwann Younes, Global Head of Hospitality & Lifestyle Channels for Italian company Moleskine, Hong Kong is a “a very dynamic and creative city, which are also the core values for Moleskine as a brand.”
Etienne Dubois, Chief Strategy Officer, Unlimitics, which has developed an AI-powered school simulation game designed for neurodivergent children, said Hong Kong is a good place for start-up entrepreneurs like himself. “It is a very good melting pot for talent and opportunities and for growth,” he said.
Expanding on its first half results for 2026, InvestHK announced that its number of completed projects had increased 9% compared to the same period in 2025, while anticipated direct investment was up 36% and new jobs created rose 6% year-on-year.
In terms of place of origin of the 413 enterprises, 246 came from the Chinese Mainland, followed by Singapore (26), the United States (21), the United Kingdom (18), France (11) and Italy (11).
The top five sectors are innovation and technology (93), financial services and fintech (89), tourism and hospitality (55), transport, logistics and industrials (44), and business and professional services (39).
Looking ahead, Mr Lee said the HKSAR Government was expediting development of the Northern Metropolis, a new economic engine destined to rise as an international I&T and business hub.
“This will unlock abundant opportunities and shape a prosperous future for Hong Kong,” Mr Lee said, adding that the HKSAR Government is creating Hong Kong’s first Five-Year Plan, a strategic blueprint that will focus on long-term economic momentum, advancing technology and improving livelihoods.
Investment promotion results of InvestHK for the first half of 2026 are available at: https://gia.info.gov.hk/general/202606/25/P2026062500366_548202_1_1782386859629.pdf
Hashtag: #hongkong #brandhongkong #asiasworldcity #investhk #business #investment
https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong
The issuer is solely responsible for the content of this announcement.
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