SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Dec 31, 2022

2. SEC Identification Number

CS201811119

3. BIR Tax Identification No.

010-061-026-000

4. Exact name of issuer as specified in its charter

Figaro Coffee Group, Inc.

5. Province, country or other jurisdiction of incorporation or organization

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

116 East Main Avenue, Phase V SEZ, Laguna Technopark Binan Laguna Postal Code 4034

8. Issuer's telephone number, including area code

(632) 8812-1718

9. Former name or former address, and former fiscal year, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	5,468,455,298

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Figaro Coffee Group, Inc.FCG

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Dec 31, 2022
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Dec 31, 2022	Jun 30, 2022
Current Assets	1,153,687,904	1,229,155,191
Total Assets	2,042,080,297	1,875,674,402
Current Liabilities	373,823,768	384,717,725
Total Liabilities	398,701,543	407,408,159
Retained Earnings/(Deficit)	515,981,037	340,868,525
Stockholders' Equity	1,643,378,755	1,468,266,243
Stockholders' Equity - Parent	1,643,378,755	1,468,266,243
Book Value per Share	0.35	0.31

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	1,021,595,532	596,930,720	2,040,282,977	1,085,121,878
Gross Expense	798,959,404	453,941,716	1,706,418,009	845,624,665
Non-Operating Income	19,923,982	-	19,923,982	-
Non-Operating Expense	305,601	-	305,601	-
Income/(Loss) Before Tax	242,254,509	142,989,004	353,483,349	239,497,213
Income Tax Expense	60,563,627	35,747,251	88,370,837	59,874,303
Net Income/(Loss) After Tax	181,690,882	107,241,753	265,112,512	179,622,910
Net Income Attributable to Parent Equity Holder	181,690,882	107,241,753	265,112,512	179,622,910
Earnings/(Loss) Per Share (Basic)	0.04	0.03	0.06	0.05
Earnings/(Loss) Per Share (Diluted)	0.04	0.03	0.06	0.05

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.06	0.09
Earnings/(Loss) Per Share (Diluted)	0.06	0.09

Other Relevant Information

System-wide Sales for the first 6 months, from July 1 to December 31, 2022, grew by 79% from same periods of last year of P1.148B to P2B System-wide Store Sales. This was brought about by the opening of stores which brought the total number of stores to 150 by end of December 2022. This resulted however to 88% increase in revenues versus same periods last year. Likewise, gross profit increased by 91% primarily due to the increase in volume from store expansion and opening, though the gross profit margin slightly reduce from 49% to 48 due to inflation for major raw materials during 2022. Operating costs also increased by 114% as a result of the massive store opening activities during the year and the IPO activities resulting to increasing overhead costs. Thus, Net Income before tax improved by 48% as a result of the improvement in volume resulting from store opening and expansions. Cash and Cash Equivalents as of December 31, 2022, stood at P259M 32% up versus the Cash balance as of June 30, 2022 audited FS. Cashflow from operations during the period provided an inflow of P151.7M, while the investing and financing activities during the period provided a net outflow of P10.7M and P77.6M respectively. The company were able to fully liquidate all its interest bearing bank loans in September and with new availments of P30M from Union Bank as of December 31, 2022.