Century Pacific Food, Inc., one of the Philippines’ leading food companies, today announced its unaudited financial results for the first half of 2025, highlighting robust growth fueled by its Branded business.
The company’s consolidated revenue for the first six months of 2025 reached Php 39.7 billion, a 5% increase year-over-year. This growth was primarily driven by the strong performance of its Branded business, which offset a softness in the Original Equipment Manufacturing (OEM) Exports segment. Net Income After Tax (NIAT) saw an impressive 7% rise to Php 3.9 billion for the period.
Key Business Highlights
The Branded business, which includes Marine, Meat, Milk, and other emerging segments, accounted for the majority of the Group’s topline and experienced a 9% year-on-year uplift in sales for the first half. This was underpinned by double-digit volume growth in both the first and second quarters, reflecting strong consumer demand for affordable and value-conscious offerings amidst easing inflation.
“Our double-digit volume growth in Branded reflects the Company’s deliberate and sustained efforts in brand building, pricing measures, and sales generation,” said Chad Manapat, CNPF’s Chief Financial Officer. “While easing inflation…provided some lift, consumers remain value-conscious, and demand for affordable offerings continues to be strong.”
In contrast, the OEM Exports segment saw a 10% decline year-on-year, influenced by normalizing commodity movements and a tepid global export market.
Operational and Strategic Initiatives
CNPF maintained healthy profitability, with its net profit margin improving by 20 basis points to 9.8%. This was achieved despite a slight dip in gross margin, thanks to a notable 60 basis point decrease in operating expenses as a percentage of sales.
The company also highlighted several strategic initiatives during the period:
- Brand-Building Success: CNPF launched its “Protein Fit Campaign” featuring Korean actor Park Seo Joon, which culminated in a large-scale on-ground activation. This marked the company’s first use of an international endorser and a major consumer event, reinforcing its market leadership.
- Key Contract Renewal: CNPF renewed its long-term contract with The Vita Coco Company, Inc., a five-year agreement valued at approximately Php 14 billion that is expected to support around 4,500 jobs in General Santos, Mindanao. The contract is set to commence in January 2026.
- Capital Expenditures and Dividends: The company invested Php 1.5 billion in capital expenditures for capacity expansion and sustainability initiatives. It also declared special dividends of Php 0.55 per share, in addition to the regular dividends of the same amount released earlier in the year.
Outlook
CNPF is optimistic about its full-year performance and is preparing to accelerate in the second half. The company is aiming to achieve high single to low double-digit topline and bottomline growth for 2025, supported by its resilient Branded business and diversified portfolio.
Manapat concluded, “Our ambition is to grow at approximately twice the pace of GDP each year, anchored on our mission to make affordable nutrition accessible to more consumers…By building and strengthening our diversified portfolio, we position the Group to create lasting value for our stakeholders and make a positive difference in the communities we serve.”
