Monde Nissin’s Meat-free Sales Recovery Takes Shape But Losses Still Evident

Quorn meat-free products connected waste successful Morrisons successful Sidcup, London 13 September 2025. Credit Just Food

Quorn marque proprietor Monde Nissin has posted different twelvemonth of nett losses for its meat-free section though income showed signs of recovery.

Philippines-headquartered Monde Nissin did, however, study coming (26 March) that its bottom-line losses successful nutrient alternatives narrowed again successful fiscal 2025, coming successful astatine 304 cardinal pesos ($5.1m) aft taxation versus 804m pesos a twelvemonth earlier.

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In nan 2023 financial year, losses amounted to 966m pesos. Also absent successful today’s numbers was immoderate further impairment charges related to that portion of publicly-listed Monde Nissin’s business.

A 6.8bn-peso impairment was booked past twelvemonth connected apical of nan 10.1bn pesos successful fiscal 2023 and 20.5bn pesos in nan anterior 12 months.

CEO Henry Soesanto said coming meat-free remains a “challenging category” but noted a “modest reversal of anterior impairment losses, reflecting dependable advancement successful our ongoing transformation”.

Sales for nan class edged up 0.5% past twelvemonth connected a reported ground to 13.61bn pesos, pinch a much marked 5.3% betterment successful nan 4th fourth to 3.68bn pesos.

Fourth-quarter nett losses aft taxation besides shrank – 119m pesos versus a 149m-peso nonaccomplishment successful nan corresponding play of fiscal 2024.

It was a mixed container for halfway EBITDA, which slumped 49.2% successful nan last 3 months of nan twelvemonth to 76m pesos. However, a important rebound was reported for nan afloat year, rising to 495m pesos from 12m pesos.

Gross margins for meat-free besides improved complete some periods though pinch puts and takes successful nan development.

Monde Nissin said nan gains were “driven by translator benefits, little inventory, little input costs, and targeted trading value increases, partially offset by nan effect of little accumulation volumes”.

The separator roseate 417 ground points for nan twelvemonth to 25.6% and 584 points successful nan 4th fourth to 27.4%.

Meanwhile, Monde Nissin’s Asia-Pacific Branded Food and Beverage (APAC BFB) division, consisting of products specified arsenic biscuits and noodles, besides had a mixed capacity past year.

Sales climbed 4.7% to 72.82bn pesos but halfway EBITDA fell 3.9% to 15.39bn pesos. Net income aft taxation dropped 5.6% to 10bn pesos.

Positive results were recorded for nan 4th quarter. Sales roseate 5.8% to 19.54bn pesos, while halfway EBITDA accrued 7.4% to 3.95bn pesos. Net profit was up 5.6% astatine 2.62bn pesos.

The gross separator for nan section declined 230 ground points for nan twelvemonth to 34.8% and was down 95 points successful nan 4th astatine 34.7%.

Soesanto said: “Our APAC BFB business delivered dependable topline maturation successful nan 4th quarter, supported by measurement maturation successful biscuits and different categories, while noodle gross improved by 3.4% sequentially successful Q4.

“Although higher edible lipid costs continued to put unit connected gross margins, our pricing actions and cost-saving initiatives, including reformulation, contributed to a modest, incremental sequential separator improvement.”