Figaro Coffee Group (PSE:FCG) posted a net income before tax of 291.8 million Philippine pesos for the fourth quarter of 2024, up 12% versus a year earlier.

The jump was driven by efficient overhead management and continued store expansion, according to a Monday Philippine bourse filing.

Revenues remained steady at 1.44 billion pesos, the coffee group said.

Total assets amounted to 5.47 billion pesos, and the company operated a total of 216 stores nationwide at the end of December 2024, it said.