Monde Nissin Q1 Profit Jumps as Food Business and Quorn Improve Margins

Monde Nissin Corporation reported a 9.1% increase in first-quarter 2026 consolidated revenue to ₱22.8 billion, while core net income attributable to shareholders rose 11.3% to ₱3.3 billion.

The company’s Asia-Pacific Branded Food and Beverage business recorded sales growth of 8.6% to ₱19.1 billion, supported by broad-based volume gains. (Photo: Monde Nissin Corp Cebu-Plant Facebook)

Reported net income climbed 34.1% to ₱3.7 billion, helped by foreign exchange gains and a ₱210 million non-cash gain related to the fair value adjustment of its Meat Alternative guaranty asset.

The company’s Asia-Pacific Branded Food and Beverage business recorded sales growth of 8.6% to ₱19.1 billion, supported by broad-based volume gains.

Domestic sales rose 9.5%, while international sales declined 5.1%.

Gross profit increased 8.3% to ₱7.1 billion, although gross margin slipped slightly year-on-year due to higher input costs. Pricing measures and cost management initiatives helped mitigate inflationary pressures.

Meanwhile, the Meat Alternative business under Quorn Foods posted modest revenue growth but significantly improved profitability.

Gross profit surged 54.4%, while gross margin expanded to 31.8% due to operational improvements, lower inventory levels, and selective price increases. Core EBITDA for the segment more than doubled to ₱325 million as marketing investments continued.