Concepcion Industrial Corporation (CIC), the Philippines’ premier provider of consumer lifestyle and enterprise solutions, announced a 15% year-on-year increase in Profit After Tax After Minority Interest (PATAMI), reaching Php 355.4 million for the second quarter (Q2) of 2025. This robust growth was primarily fueled by the significant contribution from its associate, Concepcion Midea, Inc. (CMI), and improved performance across several entities within CIC’s diversified portfolio.
Despite a challenging market environment characterized by softer retail demand and tighter margins in Q2, CIC demonstrated resilience and adaptability. “While Q2 presented headwinds from softer retail demand and margins, we remained agile and focused,” said Rajan Komarasu, Chief Finance and Operating Officer of CIC. “Strong performance in our refrigeration and appliance lines helped offset challenges in other areas, reaffirming the resilience of our diversified portfolio.”
Consolidated Net Sales for Q2 2025 reached Php 5.2 billion, with Profit After Tax (PAT) at Php 498.1 million. Including the unconsolidated sales of CMI, total Net Sales for the group amounted to Php 7.5 billion.
CIC’s strong performance extended into the first half of 2025, surpassing 2024 levels. Consolidated Net Sales for the first half reached Php 10.1 billion, representing a 3% year-over-year increase. PAT for the period rose by 8% to Php 785.6 million, while PATAMI saw a substantial 30% growth to Php 534.3 million. Including contributions from CMI, the total group Net Sales for the first half grew by 10% to Php 14.1 billion.
“Our first-half results underscore the strength of our multi-segment platform,” stated Ariel Fermin, Chief Executive Officer of CIC. “As we navigate evolving market dynamics, we continue to sharpen our execution, invest in innovation, and build long-term value for our customers and shareholders.”
