Monde Nissin Corporation, the company behind popular brands like Lucky Me! noodles and SkyFlakes crackers, has shared some good news about how much money they made in the first three months of 2026. According to their report released on May 6, 2026, the company saw its earnings grow significantly compared to the same period last year.

Breaking Down the Big Numbers

Think of a company’s revenue like your weekly allowance – it’s the total money coming in. Monde Nissin’s revenue grew by 9.1% to reach Php 22.8 billion in the first quarter (January to March 2026). That’s like if you normally get Php 100 allowance, and suddenly you’re getting Php 109 instead.

Even more impressive is their “core net income attributable to shareholders” – this is the actual profit that goes to the company owners after paying all the bills. This grew by 11.3% to reach a record Php 3.3 billion. The company also reported that their total net income (which includes some extra gains) jumped by 34.1% to Php 3.7 billion.

What Drove the Growth?

Monde Nissin operates two main businesses, and understanding how each performed helps explain the overall results:

The Snacks and Noodles Business (APAC BFB)

This is the bigger part of Monde Nissin’s business, selling products like Lucky Me! noodles, SkyFlakes crackers, Fita crackers, and Monde baked goods mostly in the Philippines and some other Asian countries.

This division’s sales grew by 8.6% to Php 19.1 billion. The growth came mainly because more people bought their products (called “volume growth”). In the Philippines specifically, sales jumped by 9.5% to Php 18.1 billion, though their international sales outside the Philippines dropped by 5.1%.

The company made a gross profit (money left after paying for ingredients and manufacturing) of Php 7.1 billion from this business, up 8.3%. However, they had to spend more on operating expenses, so their core EBITDA (a measure of operating profit) only grew by 2.0% to Php 4.6 billion.

The Meat Alternative Business (Quorn Foods)

This is Monde Nissin’s healthier, plant-based meat substitute brand called Quorn, which is popular in countries like the United Kingdom and the United States.

When adjusted for currency changes, Quorn’s revenue grew by only 1.4%. However, in Philippine peso terms, it increased by 11.7% because the peso became weaker compared to other currencies (meaning when they converted foreign earnings to pesos, they got more pesos).

The really impressive part is that this business’s gross profit jumped by 54.4% to Php 1.2 billion. This happened because the company became more efficient, managed their inventory better, and increased some prices. Their core EBITDA more than doubled from Php 140 million to Php 325 million.

Understanding the Company’s Financial Position

As of March 31, 2026, Monde Nissin remains financially healthy with Php 16.6 billion in cash and cash equivalents. They have very little debt – only Php 1.7 billion – which gives them a stable net debt-to-equity ratio of 0.13. This means they have much more money than they owe, which is a good sign.

The company also generated Php 4.6 billion in operating cash flow during the quarter, which is the actual cash coming in from running their business – another positive indicator of financial health.

What the CEO Said

Henry Soesanto, Monde Nissin’s Chief Executive Officer, explained that their main snacks and noodles business performed well because more people bought their products across all categories. He noted that while they’re facing higher costs for ingredients (inflation), they’ve been able to manage this by improving efficiency.

Regarding Quorn, he highlighted that sales stabilized and profit margins improved dramatically – by almost 900 basis points (9 percentage points). The business even achieved positive EBIT (earnings before interest and taxes), showing their transformation efforts are working.

However, Mr. Soesanto cautioned that despite the strong start to 2026, the company remains careful about ongoing economic uncertainties and rising costs. They plan to continue managing the business carefully while being sensitive to consumers when deciding whether to raise prices.

About Monde Nissin Corporation

Monde Nissin Corporation (PSE stock symbol: MONDE) is a global food and beverages company headquartered in the Philippines. The company owns some of the most recognizable food brands in the country and operates internationally. Beyond Lucky Me!, SkyFlakes, Fita, and Monde brands, they also own Quorn, a leading meat alternative brand based in the United Kingdom.

The company employs around 800 people in its Quorn operations alone and exports to 15 countries worldwide, including Australia, Singapore, and the United States.

Important Technical Note

The financial results mentioned are unaudited figures for the quarter ended March 31, 2026. All percentage comparisons are relative to the same period in 2025 unless stated otherwise. The report also mentions a complex “guaranty asset” related to their meat alternative business, which experienced a non-cash fair value gain of Php 210 million this quarter compared to a Php 290 million loss last year.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.