Branded push drives Century Pacific H1 profit to P3.9B

Listed food and beverage firm Century Pacific Food Inc. (CNPF) served a 7 percent year-on-year increase in net income to P3.9 billion in the first half of the year, powered by double-digit volume gains in its Branded products despite softer export sales.

The company said in a stock exchange report on Wednesday that revenues rose 5 percent to P39.7 billion despite weaker Original Equipment Manufacturing (OEM) exports.

Branded sales, which include marine, meat, milk, and emerging segments, grew 9 percent in the first half and 6 percent in the second quarter, driven by double-digit volume growth.

“Our double-digit volume growth in Branded reflects the Company’s deliberate and sustained efforts in brand building, pricing measures, and sales generation undertaken since last year,” chief financial officer Chad Manapat said.

“While easing inflation, particularly that of rice, provided some lift, consumers remain value-conscious, and demand for affordable offerings continues to be strong.”

OEM export sales fell 10 percent year-on-year due to normalizing commodity prices and softer demand amid geopolitical uncertainty. Gross margin eased to 25.7 percent, but lower operating expenses improved net profit margin to 9.8 percent.

The company renewed its P14-billion, five-year contract with The Vita Coco Company Inc., starting January 2026, which will support around 4,500 jobs in General Santos, Mindanao. It also launched a major Protein Fit Campaign featuring Korean actor Park Seo Joon and invested P1.5 billion in capacity expansion.

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