San Miguel Food and Beverage, Inc. (PSE:FB)

PSE:FB Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	310,920	302,251	289,002	358,853	309,778	216,442
Revenue Growth (YoY)	-1.39%	4.58%	-19.46%	15.84%	43.12%	-30.36%
Cost of Revenue	195,243	191,964	188,978	261,997	219,886	137,894
Gross Profit	115,677	110,287	100,024	96,856	89,892	78,548
Selling, General & Admin	56,485	54,495	51,613	48,145	46,197	45,136
Other Operating Expenses	-1,005	-417	-3,049	28	-235	-1,588
Operating Expenses	55,480	54,078	48,564	48,173	45,962	43,548
Operating Income	60,197	56,209	51,460	48,683	43,930	35,000
Interest Expense	-4,636	-4,270	-4,337	-3,288	-3,205	-3,571
Interest & Investment Income	3,789	3,788	3,067	821	468	734
Currency Exchange Gain (Loss)	-42	-83	105	-226	23	31
Other Non Operating Income (Expenses)	-539	-539	-415	-250	-155	-370
EBT Excluding Unusual Items	58,769	55,105	49,880	45,740	41,061	31,824
Merger & Restructuring Charges	-	-	-	-	-386	-
Gain (Loss) on Sale of Investments	20	19	-2	-2	196	-36
Asset Writedown	-1,457	-1,457	-	-	-31	-
Other Unusual Items	-	-	-	31	-38	-
Pretax Income	57,332	53,667	49,878	45,769	40,802	31,788
Income Tax Expense	13,412	12,734	11,773	11,104	9,385	9,387
Earnings From Continuing Operations	43,920	40,933	38,105	34,665	31,417	22,401
Minority Interest in Earnings	-15,620	-15,190	-14,987	-12,402	-11,626	-9,925
Net Income	28,300	25,743	23,118	22,263	19,791	12,476
Preferred Dividends & Other Adjustments	-	-	-	2	-	212
Net Income to Common	28,300	25,743	23,118	22,261	19,791	12,264
Net Income Growth	14.56%	11.36%	3.84%	12.49%	58.63%	-31.74%
Shares Outstanding (Basic)	5,909	5,909	5,909	5,909	5,909	5,909
Shares Outstanding (Diluted)	5,909	5,909	5,909	5,909	5,909	5,909
Shares Change (YoY)	0.08%	-	-	-	-	-
EPS (Basic)	4.79	4.36	3.91	3.77	3.35	2.08
EPS (Diluted)	4.79	4.36	3.91	3.77	3.35	2.08
EPS Growth	14.43%	11.36%	3.85%	12.48%	61.38%	-29.64%
Free Cash Flow	37,337	28,848	56,235	25,635	22,789	17,339
Free Cash Flow Per Share	6.32	4.88	9.52	4.34	3.86	2.93
Dividend Per Share	1.950	1.850	1.650	1.600	1.600	1.600
Dividend Growth	11.43%	12.12%	3.13%	-	-	-
Gross Margin	37.20%	36.49%	34.61%	26.99%	29.02%	36.29%
Operating Margin	19.36%	18.60%	17.81%	13.57%	14.18%	16.17%
Profit Margin	9.10%	8.52%	8.00%	6.20%	6.39%	5.67%
Free Cash Flow Margin	12.01%	9.54%	19.46%	7.14%	7.36%	8.01%
EBITDA	71,915	66,619	61,855	62,423	55,341	46,099
EBITDA Margin	23.13%	22.04%	21.40%	17.39%	17.87%	21.30%
D&A For EBITDA	11,718	10,410	10,395	13,740	11,411	11,099
EBIT	60,197	56,209	51,460	48,683	43,930	35,000
EBIT Margin	19.36%	18.60%	17.81%	13.57%	14.18%	16.17%
Effective Tax Rate	23.39%	23.73%	23.60%	24.26%	23.00%	29.53%
Advertising Expenses	-	7,229	6,678	6,022	5,619	5,159

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.