Jollibee Foods Corporation announced plans to spin off its international business and list it on a United States stock exchange by late 2027, separating its global operations from its domestic Philippine market to sharpen strategic focus and unlock value for investors.
The newly formed entity, Jollibee Foods Corporation International, will encompass all operations outside the Philippines including brands like Smashburger, Tim Ho Wan, and The Coffee Bean & Tea Leaf, operating across 1,828 international units as of the third quarter with significant expansion opportunities in global markets.
COL Financial Group analyst Rachelle Biacora explained that the spinoff allows investors to distinguish between the stable, cash-generative Philippine business and the higher-growth but more volatile international operations, with existing shareholders receiving shares in the international company equal to their current holdings.
China Bank Capital Corp. managing director Juan Paolo Colet described this as Jollibee's most ambitious restructuring since its 1993 Philippine Stock Exchange listing, positioning the international unit as a capital-light model designed to compete with global giants like McDonald's and Yum Brands from Los Angeles to Ho Chi Minh City.
Following the announcement on January 6, 2026, Jollibee shares surged 14.5 percent to close at PHP 210, marking the largest single-day gain since 2008 and making it the top performer among companies in the Philippine Stock Exchange index, which rose 2.49 percent that day.
