Jollibee plans spinoff, US listing of international busines

January 6, 2026 – 4:57 PM

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Jollibee Foods Corp

JFC.PS

plans to spin off its international operations and list the new unit as an independent company on a U.S. securities exchange, it said in a filing with the Philippine Stock Exchange on Tuesday.

The fast food restaurant operator said it intends to execute the transaction in late 2027, subject to market conditions, due diligence and regulatory approvals.

Jollibee operates more than 10,000 stores across 33 countries under brands including Jollibee, Chowking, Smashburger and Tim Ho Wan, among others.

—Reporting by Yantoultra Ngui; Additional reporting by Ankur Banerjee; Editing by Joe Bavier