MANILA, Philippines — Jollibee Foods Corp. announced plans to separate its international operations from its Philippine business, with the goal of listing the overseas unit on a United States securities exchange.

In a disclosure, JFC said it intends to create a separately listed entity for its businesses outside the Philippines.

“The planned spin-off and listing reflects the continued development of JFC’s portfolio and the Company’s objective of establishing two independently listed businesses, each with a distinct strategic focus and investment profile," the company said.

“The structure is designed to sharpen strategic focus for each company and support each business in pursuing its strategic ambitions, while enhancing the clarity of each equity story and enabling investors to engage with the business profiles most aligned with their investment objectives," it added.

Under the plan, the Philippine business will retain the Jollibee Foods Corp. name and remain listed on the Philippine Stock Exchange, focusing exclusively on the domestic market.

“It offers stable earnings and continued opportunity for domestic expansion, and will remain listed on the Philippine Stock Exchange, providing investors direct exposure to the dynamic Philippine consumer market," JFC said.

The proposed international arm, to be called Jollibee Foods Corporation International, will house all operations outside the Philippines.

JFC said the new entity will adopt a capital-light business model aimed at capturing expansion opportunities abroad, particularly in markets that support large-scale innovation and long-term growth.

“Upon implementation, the contemplated transaction is expected to result in the current JFC shareholders receiving shares in JFCI corresponding to their prevailing interest in JFC, subject to applicable taxes and legal and regulatory requirements," the company said.

“Thereafter, shareholders may choose to hold/sell separately, based on their desired investment profile," it added.

JFC said it has engaged both local and international advisers to determine the legal structure and internal asset transfers needed for a U.S. listing.

While the company is targeting late 2027 for execution, it said the timeline remains subject to market conditions, regulatory approvals, and due diligence.

“The information herein is preliminary in nature and subject to change. There is no assurance as to the final terms, timing, or completion of any separation or listing," JFC said.

“This announcement is not an offer of securities and is not intended to solicit any offer to purchase securities," it added.

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