Jollibee Foods Corporation is preparing for a major milestone in its global growth journey, announcing plans to create a standalone international business that it intends to list on a U.S. securities exchange, while keeping its Philippine operations listed on the Philippine Stock Exchange.
Under the proposed structure, Jollibee’s domestic and international businesses will operate as two separate but complementary companies.
Existing shareholders will retain ownership in both entities, allowing them to participate in the growth of Jollibee’s mature, cash-generating Philippine business alongside its faster-growing international operations.
“As a proudly homegrown Philippine company, we carry our heritage and express our national pride into this next chapter of our journey,” said Ernesto Tanmantiong, Jollibee Group global president and chief executive officer. “Our move toward an international listing demonstrates the strength of the Jollibee Group, a company with Filipino roots competing on the world stage.”
The Philippine-listed Jollibee Foods Corporation will continue to house all domestic operations, anchoring the group’s presence in its home market. The company described this platform as a resilient and strongly growing food-service business, supported by leading brands, a dominant market position, loyal customers, and solid cash generation.
Remaining on the local bourse is expected to give investors continued exposure to the growth of the Philippine consumer economy.
Meanwhile, the proposed Jollibee Foods Corporation International will consolidate all businesses outside the Philippines. This international entity is envisioned as a global growth company, built around a portfolio of fast-expanding brands across multiple categories and geographies.
Operating on a capital-light model with significant room for expansion, the international business is positioned to tap markets that favor scale, innovation, and long-term global growth.
Once implemented, shareholders are expected to receive shares in the international company in proportion to their existing holdings, subject to regulatory approvals and applicable taxes. Investors will then have the flexibility to hold or sell shares in either company independently, depending on whether they prefer a stable, domestically focused business or a higher-growth international platform.
Jollibee said it has engaged both local and international advisers and has begun working on the proposed structure and potential U.S. listing, including internal reorganization, regulatory considerations, and timeline planning.
The group is targeting completion of the transaction by late 2027, subject to market conditions, approvals, and customary reviews.
The company emphasized that the plans remain preliminary and may still change, noting that there is no assurance the separation or listing will proceed as outlined, or at all. It added that the announcement does not constitute an offer to sell or a solicitation to buy securities, and that further disclosures will be made as required.