Jollibee Foods (JFC) investor relations material

Executive summary

• Revenues reached Php113.9Bn, up 10.3% year-over-year, with robust systemwide sales growth across all brands and markets in Q1'26.

• Operating income was Php3.95Bn, down 18.2% year-over-year, impacted by elevated input costs and margin compression.

• Net income after tax (NIAT) was Php1.41Bn, a 43.6% decline year-over-year, with net income margin dropping to 1.8%.

• 181 new stores opened, expanding the global footprint to 10,421 stores across 33 countries.

• Coffee and tea brands led international expansion, with Compose Coffee and Tim Ho Wan showing strong growth.

Financial highlights

• EBITDA was Php9.3Bn, down 4.9% year-over-year, with a margin of 12.2%.

• Gross profit margin declined to 16.5% in Q1'26, attributed to higher direct costs outpacing revenue growth.

• Regular cash dividend of Php1.33/share declared, payable on 21 May 2026.

• Basic EPS dropped 40.4% to Php1.234.

• Return on equity was 7.5%, down from 13.1% in Q1 2025.

Outlook and guidance

• Management is reassessing full-year guidance, to be disclosed by Q2.

• Scheduled price increases and cost containment plans implemented starting April to address margin compression.

• Store network growth target for the year is 1,200 to 1,300 new stores.

• 2026 CAPEX budget set at Php13–16Bn, focused on new stores, renovations, and technology investments.

• Funding for CAPEX expected from internal cash flows and bank loans.