<![CDATA[This study is based on the importance of financial performance as an indicator of a company’s success in managing resources and generating profits. Good financial performance reflects a company’s ability to achieve operational objectives and increase firm value. Several internal factors, such as Good Corporate Governance (GCG), leverage, and firm size, are considered to influence financial performance. However, previous studies have shown inconsistent findings, indicating the need for further empirical investigation. This study aims to analyze the effect of GCG, leverage, and firm size on financial performance in food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX), Indonesia, during the 2023–2025 period. This research employs a quantitative approach with a causal research design. The data used are secondary data obtained from annual reports and financial statements published on the official website of the Indonesia Stock Exchange and the official websites of each company through documentation techniques using a documentation sheet as the research instrument. The sample consists of 58 companies with a total of 174 observations, selected using purposive sampling. The data were processed and analyzed using descriptive statistical analysis, classical assumption tests, and multiple linear regression analysis with the assistance of IBM SPSS Statistics 23. The results show that GCG has a significant negative effect on financial performance, with a regression coefficient of -0.122 and a significance value of 0.002. Leverage also has a significant negative effect, with a regression coefficient of -0.117 and a significance value of <0.001. Meanwhile, firm size has no significant effect on financial performance, with a significance value of 0.439. Simultaneously, GCG, leverage, and firm size have a significant effect on financial performance, with an F-value of 15.563 and a significance value of <0.001.]]>
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