Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, ended 2025 with a net income of PHP7.1 billion, clocking in an 11 percent improvement from the year before.
A disclosure to the Philippine Stock Exchange (PSE) showed that the Group saw gross margin pressure coming from normalizing input costs from a favorable 2024 cycle, leading to a 100 basis-point contraction to 25.1 percent.
To mitigate the impact to the bottomline, CNPF deliberately tightened operating expenses (OPEX). Hence, net profit margins stood at 8.5 percent, registering a moderate 10 basis-point improvement year-on-year (YoY). CNPF saw healthy cash flows during the year, which allowed the Company to invest PHP4.1 billion in capital expenditures allocated to capacity expansion and renewable energy initiatives such as solar and biomass capabilities.
In terms of revenue, CNPF reported that consolidated revenues amounted to PHP83.3 billion, reflecting a 10 percent rise year-on-year. This performance was carried by the resilient Branded segment, which compensated for the soft performance of the Group’s OEM Export Sales.
Composed of marine, meat, milk, and other emerging segments, the Branded Segment comprises majority of CNPF’s sales. During the year, Branded posted a volume-led increase of 13 percent versus the prior year on the back of the affordability, convenience, and nutritional relevance of its offerings.
Chad Manapat, CNPF chief financial officer, said, “In our effort to balance short- and long-term growth, we made strategic decisions back in 2024 to invest in our brands while holding prices even up to 2025. Ultimately, this meant providing consumers with more accessible and nutritious food options, leading to double-digit volume growth in 2025.”
Meanwhile, OEM Exports, CNPF’s white label tuna and coconut manufacturing businesses, posted a muted 2 percent growth year-on-year in 2025. On top of a challenging base, headwinds pervaded the segment, from global trade uncertainty to an unfavorable commodity cycle.
The segment was able to recover in 4Q25, posting double-digit improvement YoY, which offset the decline from the first nine months of the year.
The Company’s balance sheet remained strong, with year-end net gearing ratio of 0.13x.
According to Manapat, the results reflect the Company’s commitment to delivering consistently – not just for shareholders, but for the Filipino families who rely on its products every day. In the Philippines, CNPF products are used in 9 out of 10 households.
“Growth, for us, is not just a financial metric. It means keeping accessible and nutritious food on the table for more Filipino families. It means keeping our operations running for the 33,166 jobs that depend on us. That responsibility anchors everything we do.”
Manapat said, “2026 is shaping up to be a tough year. We are grateful to be on track for the first quarter, supported by a portfolio built around pantry essentials that has demonstrated resilience in times of economic uncertainty. However, disruptions from the Middle East are already straining our operating environment, and the bar for the next few months has been set even higher. That said, our priorities remain clear: to ensure continuous supply and operations and keep food within reach for the Filipino consumer. We are building as much certainty as we can in this kind of environment.”
He continued, “Cost pressures are rising, hence cost discipline is critical. We are putting a tight leash on spending, optimizing across the board especially discretionary costs. We are doing what we can to streamline costs and keep our products as affordable as we can. Ultimately, we remain agile as we navigate these short-term headwinds while staying focused and committed to the long term, all underpinned by our mission of providing affordable nutrition to Filipino families.”
