Monde Nissin’s Quorn Sales Pressured But Signs Of Improvement Emerge

A scope of Quorn-branded unit products connected waste successful Morrisons, Sidcup, 23 June 2024. Credit: Just Food

Quorn proprietor Monde Nissin has reported different diminution successful meat-free income but EBITDA turned affirmative successful nan 2nd 4th of 2025.

It was besides a much upbeat image for Philippines-headquartered Monde Nissin successful position of nett profit for nan class arsenic losses narrowed for nan 4th and nan first half of nan year.

While “softness” successful user request continues to measurement connected nan listed company’s meat-alternatives operating segment, Monde Nissin CEO Henry Soesanto was much sanguine connected nan outlook. And impairment charges that person plagued nan business were absent for nan class successful nan latest results.

“We are pleased to study continued betterment successful our meat-alternative business during nan 2nd quarter. Our gross separator expanded complete 200 ground points, and we achieved affirmative EBITDA for nan 4th aft backing A&P investment,” Soesanto explained successful nan connection yesterday (6 July).

Sales of meat-free products successful nan 4th to 30 June dropped 2.1% to 3.29bn pesos ($57.5m) connected a reported basis, a smaller diminution than nan 2.7% reported successful nan aforesaid play of past year. However, complete nan first half, a 3% income alteration was much pronounced than nan 0.6% successful nan opening six months of 2024.

Into nan 3rd quarter, Monde Nissin, fundamentally nan Quorn marque successful position of nutrient alternatives, is seeing signs of improvement.

“In July, we saw a humble year-over-year summation successful meat-alternative sales, which was our first maturation aft respective years of decline,” Soesanto said.

“While it is conscionable 1 month, it is an encouraging motion fixed ongoing class headwinds. We stay focused connected stabilising capacity and adapting to evolving user preferences.”

Meanwhile, gross profit for nan conception climbed 6.4% to 828m pesos, building connected nan 3.9% summation reported successful nan 2nd 4th of past year.

Year to date, gross profit was up 8.5% astatine 1.6bn pesos pursuing a 5.6% diminution successful nan corresponding six months.

The net-income nonaccomplishment aft taxation for meat-free products narrowed to 157m pesos successful nan 2nd 4th from a 270m-peso loss. Losses besides shrank to 215m pesos from 486m pesos complete nan first half of nan twelvemonth from nan erstwhile six months.

Core EBITDA delivered a affirmative result – 24m pesos for nan 4th compared to an 84m-peso nonaccomplishment a twelvemonth earlier. Similarly, for nan first six months of 2025, EBITDA was successful nan achromatic astatine 165m pesos versus a 144m-peso loss.

Monde Nissin said nan betterment successful nan gross separator for nutrient alternatives to 25.1% was “driven by translator benefits, little inventory, little input costs, and targeted trading value increases, partially offset by nan effect of little accumulation volumes”.

Meat-free is simply a comparatively mini proportionality of Monde Nissin’s group income and profits, which are dominated by nan halfway Asia Pacific branded nutrient and beverage business (APAC BFB), which features nan likes of Lucky Me noodles, SkyFlakes crackers and Nissin cookies.

Group income crossed nan 2 divisions roseate 3.8% successful nan 2nd 4th to 20.6bn pesos, of which APAC BFB delivered 17.2bn pesos, a 5% increase.

First-half full income amounted to 41.5bn pesos, up 3.3%. APAC BFB accounted for 34.9bn pesos, a 4.6% improvement.

Monde Nissin’s bottom-line capacity for nan group and nan halfway business was little upbeat.

Net profit aft taxation fell 18.7% successful nan 4th to 1.8bn pesos for nan institution overall, while it dropped 21.2% for nan APAC BFB section to 2bn pesos.

Declines were delivered of 7.3% and 11.5% for nan 2 business units, respectively, for extremity first-half results of 4.7bn pesos and 4.9bn pesos.