JOLLIBEE PLANS GLOBAL SPINOFF, TARGETS US LISTING BY 2027

Jollibee Foods Corp. plans to separate its international operations into a new unit, Jollibee Foods Corp. International (JFCI), with the goal of listing it on a US stock exchange by late 2027 to attract more global investors. The company said the spinoff will allow investors to choose between its stable, locally listed Philippine business and a capital-light, high-growth international arm focused on overseas expansion. JFC currently operates 3,445 stores in the Philippines and 6,859 stores abroad across regions including China, Europe, the Middle East, Africa, Asia, and North America. Advisers have been tapped to finalize the spinoff and listing structure, with shareholders set to receive JFCI shares proportional to their current JFC holdings once the transaction is completed. From January to September 2025, JFC’s net income rose 2% to PHP8.65 billion, supported by strong systemwide sales and the continued global popularity of Chickenjoy.