Uni-President China Holdings Ltd

00220: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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UPC Earnings: Beverage Sales Dragged Results; Input Costs a Risk; Retaining Fair Value

Jacky Tsang

Mar 5, 2026

Uni-President China's 2025 revenue and net profit increased 4.6% and 10.9% year on year, respectively. Subsidies from delivery platforms in the second half of last year led to a 5.8% decline in beverage revenue, while instant noodle sales remained stable.

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Uni-President China Holdings Ltd

UPC Earnings: Beverage Sales Dragged Results; Input Costs a Risk; Retaining Fair Value

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