Balai ni Fruitas Posts 11% Revenue Growth; 13% Net Income Growth in Q1 2025

Balai ni Fruitas, Inc., one of the country’s leading counter-service bakery operators, reported strong financial and operational performance in the first quarter of 2025, underscoring the continued strength of its core brands and strategic growth initiatives.

Total revenues reached P160 million, representing an 11% year-over-year increase from P145 million in 1Q2024. Complementing its brick-and-mortar operations, BALAI also ramped up investments in digital channels and e-commerce platforms, further enhancing customer reach and revenue streams.

Gross profit rose by 10% to P81 million from P74 million in the previous year. The company maintained a healthy gross profit margin of 51%, reflecting its ability to optimize cost of sales and introduce higher-margin products into its offering mix. This is aligned with BALAI’s broader strategy of continuously innovating its product portfolio to improve profitability and resilience.

In early 2025, the Company expanded its product lineup with several new offerings. It launched a line of savory breads, including the Cheesy Sausage Twist, Ham & Cheese Delight, and Pesto Cheddar Roll. It also rolled out its own Balai Otap, Big Special Ensaymada and Colored Meringue. These additions reflect the Company’s commitment to offering a wider variety of quality baked goods to its customers.

Net income also posted double-digit growth, reaching P15 million, up 13% from P13 million in the same period last year. The net income margin expanded to 9.3% from 9.1%, driven by continued scale efficiencies and prudent financial management.

“Our first-quarter performance reflects the strength of our business fundamentals and the successful execution of our strategic initiatives,” said Mr. Lester Yu, President and Chief Executive Officer of Balai ni Fruitas. “We remain focused on expanding our footprint, enhancing operational efficiency, and diversifying our product mix. As we look ahead, we are confident in our ability to sustain momentum and deliver long-term value to our shareholders.”

Balai ni Fruitas Inc. is a 75% -owned subsidiary of Fruitas Holdings Inc. Since the acquisition of certain assets of Balai Pandesal in June 2021, the Company has grown the Balai Pandesal store network from 5 to more than 60 as of December 31, 2024. The company has 4 well-loved brands in its portfolio, which includes Balai Pandesal, Buko ni Fruitas, Fruitas House of Desserts, and Sugarhouse. Balai ni Fruitas currently has more than 100 active stores spread among the 4 brands.