Majority stakeholder of Highlands Coffee, Jollibee Group has announced its unaudited financial results for the first quarter ending 31 March 2025.
Jollibee Group’s Q1 2025 financial highlights show company-wide sales up 18.9 per cent and revenue up 14.6 per cent year-on-year.
The Group is making a mark in the international coffee scene, with a 29.5 per cent rise in international system-wide sales. This surge was boosted by recent acquisitions including Compose Coffee, for which Jollibee became a majority shareholder in July 2024.
The Group’s portfolio includes five coffee brands including The Coffee Bean & Tea Leaf, Highlands Coffee, Compose Coffee, Common Man Coffee Roasters, and Tiong Bahru Bakery.
As per the report, the Group operates a total of 9,935 stores worldwide, marking a 44.3 per cent increase year-over-year. This total includes 3,393 stores in the Philippines and 6,542 international stores, with key international locations include China, North America, Europe, Middle East, Asia, and Australia. Of this, the Group has 865 Highland Coffee outlets across Vietnam and more than 1100 The Coffee Bean & Tea Leaf venues internationally.
According to the results, the revenues grew 14.6 per cent year-over-year to Php 70.2 billion (US$1.20 billion), driven by system-wide sales (SWS) growth of Php 103.2 billion (US$1.76 billion). This is an increase of 18.9 per cent compared to the Php 86.8 billion (US$1.48 billion) in the first quarter of 2024.
This performance, outlined by President and CEO Jollibee Group Global Ernesto Tanmantiong was supported by continued momentum in Jollibee North America, where system-wide sales rose by 10.9 per cent alongside notable growth in Asia and other international markets.
“We are pleased with our first quarter performance, particularly the continued growth in international markets such as North America, where our brands are gaining deeper resonance with local and regional consumers,” says Ernesto.
“We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world’s most dynamic consumer markets and supports our long-term international growth strategy.”
Jollibee Group was founded in the Philippines in 1975 by Dr Tony Tan Caktiong as a family-run ice cream business. Today, the restaurant group features 19 brands and more than 9,900 stores in 33 countries.
