C05150-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 2, 2024
2. SEC Identification Number
9170
3. BIR Tax Identification No.
000-400-016-000
4. Exact name of issuer as specified in its charter
UNIVERSAL ROBINA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, Tera Tower, Bridgetowne, E. Rodriguez, Jr. Avenue (C5Road), Ugong Norte, Quezon City, Metro Manila Postal Code 1110
8. Issuer's telephone number, including area code
(632) 8633-7631 to 40
9. Former name or former address, 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 2,164,335,948
11. Indicate the item numbers reported herein
9

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.

Universal Robina CorporationURC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Press release entitled "URC SUSTAINS DOUBLE-DIGIT PROFIT GROWTH, POSTING A 10% INCREASE FOR THE FIRST HALF OF 2024; ANNOUNCES 2ND DIVIDEND"

Background/Description of the Disclosure

Universal Robina Corporation ("URC") reported sales of Php80.7 billion for the first six months ending June 30, 2024, up 3% vs. the same period last year, with all business units posting higher sales volumes.

Operating income growth outpaced topline, increasing by 10% vs. the same period last year to end the first half at Php9.4 billion. The company’s thrust for margin improvement continued on the back of easing commodity costs and the strong results from the company’s cost savings programs. Net income from continuing operations was up 8% to Php7.6 billion on higher operating income, and impairments in last year’s base. Core net income grew 5% to Php 6.7 billion, with higher tax provisions offsetting operating income growth.

URC also disclosed its strategic exit from China, where it operates cereals and snacks businesses. Manufacturing and selling have ceased, with the full closure expected by 2025. This will allow URC to redeploy resources to higher-growth markets across the region.

URC likewise announced its second dividend for the year, declaring a Php1.90/share dividend to stockholders on record as of August 30, 2024. Payout is expected on September 25, 2024. With this announcement, URC has increased its yearly dividend per share by 5% per year over the past 4 years.

Other Relevant Information

Please refer to the attached press release.

This press release may contain forward looking statements with respect to the results of operations and business of URC. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of URC to be different from any future performance implied.

Filed on behalf by:
Name Maria Celia Fernandez-Estavillo
Designation Corporate Secretary