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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

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Company card

Shakey's Pizza Asia Ventures, Inc.

Medium
Brand★Golden 50est. scale

PSE PIZZA · ASEAN

Listing status
listed
Operating model
Direct / managed estate
Scale basis
GMV / system sales
Confidence
Medium
Segment
pizza qsr snack kiosk

2025 SWS +14%; SSSG +1%; net income down 32%; 351 openings; 2,970 global units.

Scale basis note

Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
2,970 stores
FY2025: The group opened 351 new stores during the year, bringing its global footprint to 2,970 locations.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · The group opened 351 new stores during the year, bringing its global footprint to 2,970 locations.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
$431.27M
FY2025: Systemwide sales increased 14 percent to P24.8 billion, while consolidated revenues grew 11 percent to P16.1 billion, supported by continued network expansion.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Systemwide sales increased 14 percent to P24.8 billion, while consolidated revenues grew 11 percent to P16.1 billion, supported by continued network expansion.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: GMV / system sales
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$145,207
Screening proxyest.
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: GMV / system sales
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$13.24M
FY2025: Core net income after tax (NIAT) fell to P952 million, while headline NIAT dropped 32 percent year-on-year to P816 million.
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Core net income after tax (NIAT) fell to P952 million, while headline NIAT dropped 32 percent year-on-year to P816 million.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$260.46M
PHP 16.050 billion FY2025 revenue from contracts with customers.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Official Source Pack · GH-097 revenue backfill from hardened master/top100 source. S1_audited_financial_statements.
Provenance
Tier: S1 official primary
Source: Official Source Pack
Basis: Revenue proxy
Precision: S1 Audited Financial Statements

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$175.43M
Directional proxy
May 2026: Unverified: no citable primary disclosure with a verbatim excerpt found. Closest available data: PHP 10.42B market cap as of June 22, 2026 per stockanalysis.com; May 22, 2026 specific date price unavailable from open sources. Stored USD 175
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Closest available data: PHP 10.42B market cap as of June 22, 2026 per stockanalysis.com; May 22, 2026 specific date price unavailable from open sources. Stored USD 175
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

16/21 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
pizzaS2 official secondary (opens in new tab)
Cuisine (secondary)
chickenS2 official secondary (opens in new tab)
Service model
casual diningS2 official secondary (opens in new tab)
Price tier
midS3 supplementary (opens in new tab)
Company
Founded
1,975S4 (opens in new tab)
HQ country
PhilippinesS3 supplementary (opens in new tab)
CEO
Vicente L. GregorioS3 supplementary (opens in new tab)
Employees
2,484S3 supplementary (opens in new tab)
Ownership
Parent
Century Pacific Group Inc. (CPGI), the Po family's private holding company (~63.8% of SPAVI)S3 supplementary (opens in new tab)
PE / holding
Po family holding firm Zephryn Holdings (indirect control via CPGI; JE Holdings/Gokongwei family also a shareholder)S3 supplementary (opens in new tab)
Recent M&A
Po family consolidated ~583.2M PIZZA shares into Zephryn Holdings via share exchange, Jan 19 2026 (P54.2B group reorganization)S3 supplementary (opens in new tab)
Growth
System sales YoY
17%S2 official secondary (opens in new tab)
Revenue YoY
12.69%S2 official secondary (opens in new tab)
Net new units
478 storesS2 official secondary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Loyalty members
2,000,000S2 official secondary (opens in new tab)
Franchise terms
Royalty
5%S3 supplementary (opens in new tab)
Franchise fee
not disclosed
By-market footprint
International aggregate
471 stores◑derivedS1 official primary (opens in new tab)
Philippines
2,499 storesS1 official primary (opens in new tab)
international_country_split_gap
—S1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed6/6 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
2,619 stores
FY2024, as of December 31, 2024
Source-backedS1 official primary (opens in new tab)
Franchised
~84% of international network franchised / ~16% company-owned (international); Potato Corner ~80% franchisee-owned (domestic and international); restaurant brands 'mostly company-owned'. International network is roughly 16% of total global network.
FY2024, as of December 31, 2024
Source-backedS1 official primary (opens in new tab)
System sales
$21,737
FY2024 (twelve months ended December 31, 2024)
Source-backedS1 official primary (opens in new tab)
New units opened
478 stores
FY2024 (Jan 1 - Dec 31, 2024), net new units
Source-backedS1 official primary (opens in new tab)
New units opened
domestic +345 net (to 2,207 units); international +133 net (to 412 units)
FY2024, net adds for year ended Dec 31, 2024
Source-backedS1 official primary (opens in new tab)
Other disclosed
4%
FY2024 (full year ended December 31, 2024)
Source-backedS1 official primary (opens in new tab)

Single-store model

6/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Company does not publish AUV; denominator heterogeneous.
Systemwide sales PHP 21.737B / 2,619 year-end stores = ~PHP 8.3M/store; on avg-store-base (~2,380) ~PHP 9.1M. Blended figure dragged low by ~1,000+ small Potato Corner kiosks; Shakey's-restaurant-only AUV materially higher.
FY2024 (year ended 31 Dec 2024)
EstimatedS1 official primary (opens in new tab)
Single-store profit
No store-level/four-wall margin; EBITDA is consolidated non-PFRS incl franchise/commissary.
FY2024 consolidated EBITDA PHP 2,595.7M, margin 17.96% (FY23 16.7%). Gross margin 25.5% (FY23 24.6%). Restaurant segment net income PHP 2,414.9M; consolidated net income PHP 1,193.4M.
FY2024
Source-backedS1 official primary (opens in new tab)
Initial investment
Broker figures (PHP 18-25M) unofficial.
—
FY2024
GapS1 official primary (opens in new tab)
Franchise fee / royalty
Franchisee royalty % NOT disclosed ('a certain percentage'). 1.5%/6% are intra-group brand-license fees, NOT franchisee royalty.
Franchisees pay 'continuing franchise fees equivalent to a certain percentage of net sales' + management/advertising fees (exact % not disclosed). Term 5-10 years (initial fee straight-lined). Group royalty & franchise fee revenue PHP 804.7M (2024) vs PHP 487.4M (2023), +65%. Initial franchise fee contract liability PHP 197.5M. Intra-group brand-license: SPAVI pays SSI 1.5% of net systemwide sales (Shakey's) + WBHI 6% (Peri-Peri/Potato Corner).
FY2024
Source-backedS1 official primary (opens in new tab)
Payback period
Self-reported average without underlying per-unit cost/cash-flow.
'an average payback period of 3 to 4 years' and 'a well-established franchised model with an industry-leading return on investment averaging 4 years.'
Stated FY2024 17-A (general model statement)
Source-backedS1 official primary (opens in new tab)
Same-store sales
Single blended figure across brands.
'2024 topline growth supported by same-store sales growth (SSSG) of 4% and a 22% network expansion.'
FY2024
Source-backedS1 official primary (opens in new tab)
Store open / close
Closures NOT disclosed; '478' is gross from press release. No company-vs-franchise split of openings.
478 new stores/outlets opened in 2024 (incl 136 in Q4), >100 international (Thailand, Singapore, China). Network +22% YoY to 2,619 stores/kiosks (from ~2,141). Closures not disclosed.
FY2024
Source-backedS1 official primary (opens in new tab)
Company-operated share
No numeric CO vs FS split disclosed.
—
FY2024
GapS1 official primary (opens in new tab)

Cost structure

6/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS40.8%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Labor13%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Rent / occupancy6.4%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Delivery commission1.3%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Marketing2.8%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Operating margin11.2%
FY2024· PHP14,451.8m rev incl commissary sales to franchisees; rent=COS rent 3.4%+ROU amort 3.0%; delivery=delivery call feesS1 official primary (opens in new tab)Source-backed
Food 40.8% inflated by commissary/wholesale to franchised stores.
Not separately disclosed24.5%

Supply chain

2 suppliers · 3 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Century Pacific Food, Inc.PSE:CNPF
Ingredients
discloses as: Shakey's Pizza Asia Ventures, Inc.
—named (no % disclosed)S1 filingsource (opens in new tab)
—named (no % disclosed)S1 filingsource (opens in new tab)
The Pacific Meat Company, Inc.
Protein
discloses as: Shakey's Pizza Asia Ventures, Inc.
—named (no % disclosed)S1 filingsource (opens in new tab)