Monde Nissin Corp.’s most scrutinized business may finally be showing signs of life. The Philippine food maker controlled by entrepreneur Betty Ang reported a sharp improvement in its Meat Alternative segment in the first quarter of 2026, offering investors the clearest evidence yet that the company’s long-troubled plant-based meat bet is beginning to stabilize. The segment, which includes Quorn, swung to core income after tax at ownership of ₱87 million , reversing a ₱58 million loss a year earlier, while core EBITDA more than doubled to ₱325 million from ₱140 million . For a company whose domestic noodles, biscuits, cakes, and beverages business has remained a dependable cash generator, the performance of Meat Alternatives has been the overhang. Monde’s acquisition-led push into plant-based protein once promised global growth, but the category’s slowdown, inflationary pressure, and operational challenges turned it into a drag on earnings and sentiment. Q1 2026 suggests t...