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)
Feb 19, 2025
2. SEC Identification Number
0000086335
3. BIR Tax Identification No.
000-417-352-000
4. Exact name of issuer as specified in its charter
Monde Nissin Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Felix Reyes St., Brgy. Balibago, Sta. Rosa City, LagunaPostal Code4026
8. Issuer's telephone number, including area code
0277597595
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
17,968,611,496
11. Indicate the item numbers reported herein
Item 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.
Monde Nissin CorporationMONDE
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
MONDE Provides Updated Fourth Quarter Guidance based on Preliminary 2024 Full-year Results
Background/Description of the Disclosure
MONDE Provides Updated Fourth Quarter Guidance based on Preliminary 2024 Full-year Results
• For the full year, we anticipate consolidated sales growth to exceed 3.0% year-on-year on a comparable basis, along with consolidated gross margin expansion of over 350 bps, driven by strong gross margin growth in the APAC BFB segment of over 400 bps. • Meat Alternative business’ EBITDA was neutral for the full year. • Additionally, we expect consolidated core net income to increase by over 25% for 2024, with consolidated core net margin expanding by more than 200 bps compared to the same period last year. • Our ongoing annual impairment test for the Meat Alternative business indicates a significant impairment charge this year, estimated between GBP 80 mn and GBP 100 mn. • Additionally, due to unfavorable changes in volatility, interest rates, and stock prices, we anticipate a material mark-to-market loss on the fair value of our guaranty asset. • Despite these challenges, both the impairment and the mark-to-market loss, we expect our consolidated reported net income after tax to return to positive territory for the full year.
Other Relevant Information
Please also see the attached SEC Form 17C with Press Release.