Figaro Coffee Group (FCG) reported a net income before tax of P291.8 million for Q4 2024, marking a 12.4% increase from the previous year. The company maintained steady revenues of P1.44 billion while successfully managing costs amid global inflationary pressures.
“Revenues remained steady at P1.44 billion, closely aligned with last year’s performance. While global inflation pressured raw material costs, we successfully managed overhead and operating expenses while increasing capacity,” said FCG Chief Financial Officer Pet Español III.
The company’s total assets reached P5.47 billion, with improved liquidity reflected in a current ratio increase from 1.19x to 1.50x as of Dec. 31, 2024.
FCG operates 216 stores nationwide: 142 Angel’s Pizza outlets, 63 Figaro Coffee locations, 8 Tien Ma’s branches, 2 Café Portofino outlets, and 1 Koobideh Kebabs store. The company added 34 new stores in 2024, including 28 Angel’s Pizza locations—13 launched in Q4—and 6 new Figaro Coffee stores.
“We are looking forward to continuing our prudent expansion strategy together with launching more exciting and innovative menu items and promos this 2025,” said FCG Chairman Justin Liu.
The company’s strong performance and expansion plans demonstrate its commitment to growth and operational efficiency in the Philippine food and beverage sector.
