Century Pacific Food, Inc. (PSE: CNPF), one of the Philippines’ leading branded food companies, today announced its unaudited consolidated revenues for the first quarter of 2025, reaching Php 19.9 billion—marking a 10% increase year-on-year (YoY). Net income rose 11% to Php 1.9 billion, underscoring the Company’s resilient and diversified portfolio.
Sales momentum was led by the Branded business, which posted a robust 13% YoY increase and a 7% quarter-on-quarter (QoQ) growth, buoyed by easing inflationary conditions and improved consumer demand. The segment—comprising key categories such as Marine, Meat, Milk, and other emerging segments—continues to benefit from sustained brand-building initiatives, product innovation, and expanded production capacity.
“The first quarter’s results reflect a strong start to the year,” said Chad Manapat, Chief Finance Officer of Century Pacific Food, Inc. “Our multi-cycle business model is proving effective, with the Branded segment stepping up and more than compensating for short-term headwinds in our OEM exports. We’re also encouraged by signs of a healthier consumer environment.”
The Company’s OEM Exports segment, which includes tuna and coconut products, posted a slight 2% YoY decline due to a high 1Q24 base and a less favorable commodity cycle. However, sequential performance improved by 10% QoQ.
Brand-building momentum from the previous year carried into the quarter, bolstered by new campaigns and innovations. Century Tuna’s latest campaign featuring international endorser and Korean actor Park Seo Joon marked a milestone for the brand’s regional visibility.
Gross margin for the period remained stable at 26.2%, a 10-basis point improvement YoY, supported by favorable inventory costs. Operating expenses as a percentage of sales declined by 70 basis points to 14.5%, reflecting continued cost discipline and efficiency, despite forex-related pressures. EBITDA margin was sustained at 14.0%, while net profit margin held steady at 9.6%.
Century Pacific ended the quarter with Php 1.7 billion in operating cash flow and a Php 2.9 billion cash balance, after funding capital expenditures and regular cash dividends amounting to Php 0.55 per share. The dividend payout represented 30% of the prior year’s net income.
“While it’s early in the year, we remain on track to achieve our growth objectives,” added Manapat. “We continue to monitor global market developments, including limited exposure to recent US tariff actions. Our strategy remains centered on agility, risk management, and meeting consumer needs with accessible and affordable nutrition.”
CNPF reaffirmed its full-year guidance of double-digit growth in both revenue and profit.
