Century Pacific sustains double-digit profit growth
Century Pacific Food Inc. grew its net income by 11 percent to P7.1 billion in 2025, as strong sales of branded products and tighter cost controls offset margin pressures.
The canned food maker told the exchange on Monday that its consolidated revenues had risen by 10 percent to P83.3 billion, driven mainly by its core branded segment, which accounted for the bulk of sales.
Branded revenues expanded 13 percent, supported by volume growth as the company kept products affordable and relevant to consumers.
Century Pacific chief financial officer Chad Manapat said the firm sustained investments in brands while holding prices through 2025, helping drive double-digit volume growth.
Meanwhile, the company’s original equipment manufacturing (OEM) exports, or those produced for other brands, grew by a modest 2 percent.
The OEM segment was weighed down by global trade uncertainty and an unfavorable commodity cycle. However, it recovered in the fourth quarter, delivering double-digit growth that helped offset weaker performance earlier in the year.
Profit growth came despite gross margin compression, which fell by 100 basis points to 25.1 percent due to normalizing input costs.
To protect earnings, the company tightened operating expenses, resulting in a slight improvement in net profit margin to 8.5 percent.
The company also generated healthy cash flows, allowing it to spend P4.1 billion in capital expenditures to expand capacity and invest in renewable energy initiatives.
It maintained a strong balance sheet, ending the year with a net gearing ratio of 0.13 times.
Looking ahead, Century Pacific said rising cost pressures and geopolitical disruptions could weigh on operations, although its portfolio of pantry staples is expected to remain resilient.
“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,” Manapat said.
“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,” he added.
