Century Pacific Food Inc. said it remains on track to post a “high single-digit to low double-digit” profit and sales growth for the year as it closed the first half of 2025 with a net income of P3.9 billion, 7 percent higher than P3.65 billion in the same period of 2024.
Revenues grew 5 percent, at P39.7 billion from P37.81 billion last year.
Century Pacific said this has brought the company’s net profit margin to 9.8 percent, a 20-basis point expansion from 9.2 percent last year.
Century Pacific told the Philippine Stock Exchange on Wednesday, August 13, that its topline performance was fueled by a “resilient branded business, which outweighed the softness in the company’s tolling business or the original equipment manufacturing (OEM) exports segment.
The branded sales business grew 9 percent compared to a 10 percent contraction of the OEM exports, the company said without providing comparative numbers.
“Our double-digit volume growth in (the) branded (business) reflects the Company’s deliberate and sustained efforts in brand building, pricing measures, and sales generation undertaken since last year. While easing inflation, particularly that of rice, provided some lift, consumers remain value-conscious, and demand for affordable offerings continues to be strong,” Chad Manapat, Century Pacific chief financial officer (CFO) said.
The company said it spent P1.5 billion in capital expenditure in the first half of 2025, mostly for capacity expansion to support growth and sustainability initiatives, during the six-month period.
“We continue to invest in the business with a long-term perspective, mindful of creating sustainable growth while delivering healthy returns to our shareholders. 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. In the nearer term, we are navigating the year with care as we prepare to accelerate in the second half,” Manapat said.
“We are aiming to deliver high single to low double-digit topline and bottom-line growth for 2025, supported by a resilient branded business. By building and strengthening our diversified portfolio, we position the group to create lasting value for our stakeholders and make a positive difference in communities we serve,” he added.
