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

Sep 30, 2025

2. SEC Identification Number

11840

3. BIR Tax Identification No.

000-100-341-000

4. Exact name of issuer as specified in its charter

SAN MIGUEL FOOD AND BEVERAGE, INC.

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

40 San Miguel Avenue, Mandaluyong City, Metro Manila Postal Code 1555

8. Issuer's telephone number, including area code

(632) 5317-5000

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 (FB)	5,909,220,090
SERIES B BONDS DUE MARCH 2027 (IN PESO)	7,000,000,000.00
TOTAL DEBT as of 30JUN25 (IN MIL PESO - CONSO)	186,421

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, INC. - COMMON SHARES PHILIPPINE DEALING & EXCHANGE CORP. - SERIES B BONDS DUE 2027

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.

San Miguel Food and Beverage, Inc.FB

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	Sep 30, 2025
Currency (indicate units, if applicable)	PHP (In Millions)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2025	Dec 31, 2024
Current Assets	142,222	144,192
Total Assets	380,113	377,106
Current Liabilities	112,835	116,706
Total Liabilities	187,152	196,917
Retained Earnings/(Deficit)	113,169	102,926
Stockholders' Equity	192,961	180,189
Stockholders' Equity - Parent	126,484	116,111
Book Value per Share	21.41	19.65

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	101,721	98,226	302,921	291,108
Gross Expense	87,094	84,953	258,253	251,194
Non-Operating Income	1,070	1,209	3,588	3,525
Non-Operating Expense	1,328	858	4,046	3,638
Income/(Loss) Before Tax	14,368	13,624	44,210	39,801
Income Tax Expense	3,633	3,191	10,511	9,391
Net Income/(Loss) After Tax	10,735	10,433	33,699	30,410
Net Income Attributable to Parent Equity Holder	7,141	6,911	22,089	19,302
Earnings/(Loss) Per Share (Basic)	1.21	1.17	3.74	3.27
Earnings/(Loss) Per Share (Diluted)	1.21	1.17	3.74	3.27

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	4.83	4.46
Earnings/(Loss) Per Share (Diluted)	4.83	4.46

Other Relevant Information
Please see attached SEC Form 17-Q (Quarterly Report) of the Company for the period ended September 30, 2025 submitted to the Securities and Exchange Commission via electronic filing and submission tool (SEC eFAST) on November 14, 2025.