• 3Q25 Consolidated Revenues climbed 15% year-on-year (YoY), raising nine-month sales growth to 8% versus last year.
• Volume-led sales growth was driven by the Branded Segment, up 18% in 3Q25 and 12% in 9M25 versus the comparable periods last year.
• Original Equipment Manufacturing (OEM) Exports posted 4% topline growth in 3Q25, narrowing the year-to-date decline to -5% versus last year.
• 3Q25 Net Income increased by 15% YoY, leading 9M25 bottomline to grow by 10% versus last year.
Century Pacific Food, Inc. (PSE:CNPF), one of the leading food companies in the Philippines, reported 15% revenue and profit growth in the third quarter of 2025 versus the same period last year. The rebound was driven by the acceleration in its Branded business and the recovery of its OEM Exports segment. This performance pulled up its year-to-date (YTD) sales and profit YoY growth to 8 and 10%, respectively.
Consolidated revenues in the third quarter landed at Php22.1 billion, up 15% versus the same period last year. The Branded segment, which accounted for the majority of sales, boosted the Group’s performance, with sales climbing 18% from 3Q24. The step change in pace brought the segment’s year-to-date sales growth into double-digit territory, improving by 12% YoY.
Meanwhile, OEM Exports posted a recovery in the third quarter. Coming off a strong prior-year performance and following a soft first half, the segment grew by 4% YoY and 31% sequentially. With the improvement in its 3Q sales, year-to-date decline eased to -5% versus the comparable period in 2024.
As a result, CNPF’s consolidated sales for the first nine months of the year amounted to Php61.8 billion.
According to Chad Manapat, CNPF Chief Financial Officer, “The Group’s performance can be attributed to the company’s all-weather portfolio, with both domestic and international legs. Certain domestic macroeconomic factors are supporting our volume-led growth, especially for a food company like ours that plays in staples. Stabilizing inflation, particularly lower rice prices, has somewhat improved purchasing power, which in turn increased demand. That’s half the battle; the other half is ensuring our brands continuously support consumers by providing more affordable, convenient, and healthier choices.”
“We’re also pleased to see OEM exports turn around, with more clarity in the global trade dynamics, even as conditions remain fluid,” he adds.
In terms of profitability, CNPF’s 9M25 gross margins stood at 25.5%, softening by 110 basis points (bps) versus the same period last year due to normalizing input costs. Nonetheless, disciplined spending led to a 90bps reduction in operating expenses as a percentage of sales, largely mitigating gross margin pressure. Thus, net income after tax reached Php5.8 billion, up 10% YoY, while net profit margin clocked in at 9.4%, inching up by 10bps.
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With the Company’s sustained growth performance, CNPF continues to invest in strategic growth drivers to strengthen its position as it capitalizes on long-term health and wellness trends. During the third quarter, the Group announced the acquisition of Loma Linda, a 130-year-old US-based heritage brand specializing in plant-based alternatives. Named after Loma Linda City, one of the world’s five Blue Zones where people are known to live longer due to healthier diets and lifestyles, the brand reflects CNPF’s commitment to promoting nutrition and wellness among consumers.
CNPF also advanced its coconut capacity expansion with the acquisition of a processing facility in Tupi, South Cotabato. The plant will enhance the Group’s capabilities to serve both domestic and export demand, while creating over 800 quality manufacturing jobs in Mindanao. With this addition, CNPF now operates three coconut processing hubs in the Philippines, alongside facilities in General Santos and Misamis Occidental. |
Together, these initiatives underscore CNPF’s drive for sustainable growth and its focus on building a resilient, health-oriented portfolio for the long term.
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“As the year-end draws near, we are grateful for the Company’s progress. We continue to put in the work and aim to deliver double-digit topline and bottomline growth in 2025, supported by our all-weather business model. We remain optimistic about the Philippines’ growth story, anchored on a growing economy and favorable demographics that continue to drive long-term consumption. This is our backdrop as we plan for a solid finish and build momentum for 2026, guided by our mission to provide affordable nutrition to consumers,” concluded Manapat.
Disclaimer: This press release includes forward-looking statements. Such forward-looking statements are management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to rely on such forward-looking statements, which speak only as of the date they were made. All subsequent forward-looking statements attributable to the Company, its affiliates or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements referred to in this press release.
Refer to attachment.
This disclosure is being amended to reflect the correct consolidated revenues for the third quarter of 2025 at Php22.1 billion. |
Century Pacific Food, Inc.CNPF