Below are the financial statements of Jollibee Foods, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of PHP | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Gross sales | 254,957.69a | 232,474.41a | 201,375.23a |
| Sales discount | -6,027.71a | -5,772.85a | -4,717.95a |
| Net sales | 248,929.97a | 226,701.56a | 196,657.29a |
| Royalty, set-up fees and others | 16,147.78a | 13,345.38a | 11,845.36a |
| PFRS 15 impact on system-wide advertising fees | 4,864.58a | 4,060.41a | 3,399.57a |
| Direct costs | -218,223.01a | -198,806.69a | -174,945.87a |
| Gross profit | 51,719.32a | 45,300.65a | 36,956.34a |
| Expenses | — | — | — |
| General and administrative expenses - net | -29,748.42a | -26,084.01a | -22,905.92a |
| Advertising and promotions | -5,081.82a | -4,802.65a | -4,109.05a |
| Interest income (expense) | — | — | — |
| Interest income | 959.04a | 863.52a | 341.19a |
| Interest expense | -5,771.55a | -5,382.04a | -4,768.73a |
| Equity in net earnings of joint ventures and associates - net | 329.18a | 580.01a | 4.06a |
| Other income - net | 1,780.35a | 1,866.87a | 5,669.71a |
| Income before income tax | 14,186.08a | 12,342.35a | 11,187.6a |
| Provision for (benefit from) income tax | — | — | — |
| Current | -5,526.76a | -4,441.11a | -3,514.74a |
| Deferred | -2,136.51a | -1,084.21a | -334.37a |
| Net income | 10,795.84a | 8,985.45a | 7,338.49a |
| Net income (loss) attributable to | — | — | — |
| Equity holders of the parent company | 10,316.53a | 8,766.12a | 7,558.5a |
| Non-controlling interests | 479.31a | 219.34a | -220.01a |
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