The Philippine food maker reported modest revenue growth in the first half of 2026, aided by currency translation and higher prices. A sharp improvement in cash generation came mainly from working capital management rather than from a surge in operating profit. For Universal Robina Corporation, the weaker Philippine peso provided an unlikely source of strength. The food manufacturer behind Jack ’n Jill snacks, Great Taste coffee and C2 beverages reported revenue of ₱89.34 billion for the first six months of 2026 , up 4 percent from a year earlier. Part of that increase came from the company’s overseas operations, whose sales are translated back into pesos for financial reporting. International branded-food revenue rose 7 percent to ₱19.50 billion , even though it was essentially unchanged from the previous year in constant United States dollar terms. In other words, the international business did not sell substantially more once currency movements were stripped away. But be...