Jollibee Foods (JFC) AGM 2025 summary

Opening remarks and agenda

• The meeting was called to order virtually, with confirmation of compliance with statutory requirements and quorum established at 78.48% of shares represented.

• Rules for online registration, voting, and Q&A were outlined, with voting results based on tabulation as of June 18, 2025.

Financial performance review

• Achieved third consecutive record-breaking year in sales and profit, with net income reaching PHP 10.3 billion and system-wide sales at PHP 390.3 billion, a 13% year-over-year growth.

• Gross profit margin expanded to 19.2%, operating income margin improved to 6.3%, and operating profit rose 17.2% to PHP 16.9 billion.

• Cash dividend of PHP 2.97 per share declared, up 29.1% from the previous year; stock price closed at PHP 269, a 7% increase.

• Opened 674 new stores globally, with 536 outside the Philippines; ended 2024 with over 9,700 stores, 69% franchised.

• Coffee and tea segment grew system-wide sales by 37%, with Compose Coffee contributing 22.6%.

Board and executive committee updates

• Nine directors were elected, including three independent directors and one new member, Carl Brian Ang Tan Caktiong.

• Organizational meeting of the new board scheduled immediately after the AGM.