The Po family’s Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, reported a seven percent improvement in net income to ₱3.9 billion in the first half of 2025 as its branded business drove revenue growth.

In a disclosure to the Philippine Stock Exchange, the firm said revenues amounted to ₱39.7 billion in the first half of the year, growing by five percent on top of a high first half 2024 base.

“CNPF’s topline performance was fueled by the resilient Branded business, which outweighed the softness in the company’s Original Equipment Manufacturing (OEM) Exports segment,” the company said.

Branded sales saw a year-on-year uplift of nine percent in the first half and six percent in the second quarter, underpinned by double-digit volume growth in both periods.

Composed of Marine, Meat, Milk, and other emerging segments, the Branded business continued to account for the majority of the Group’s topline.

“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,” said CNPF Chief Financial Officer Richard S. Manapat.

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

In contrast, CNPF’s OEM Exports segment performance dipped, influenced by normalizing commodity movements and a tepid export market amidst geopolitical uncertainty. Consequently, following a period of outsized growth in 2024, the first half of 2025 saw OEM export sales decline by 10 percent year-on-year.

In terms of profitability, gross margin (GM) stood at 25.7 percent, slightly lower by 40 basis points compared to the same period last year, reflecting the normalization of input costs.

This was tempered by a 60bps decrease in operating expenses as a percentage of sales, which improved to 13.9 percent. Thus, net profit margin clocked in a 20bps improvement to 9.8 percent.

The period saw CNPF’s renewal of its long-term contract with The Vita Coco Company, Inc., valued at approximately ₱14 billion, spanning five years. It is expected to commence in January 2026, supporting approximately 4,500 jobs in General Santos, Mindanao.

CNPF invested a total of ₱1.5 billion in capital expenditures, mostly for capacity expansion to support growth and sustainability initiatives, during the six-month period.

The Company also declared special dividends amounting to ₱0.55 per share on top of the ₱0.55 regular dividends released earlier this year.

“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,” said Manapat.

He added that, “In the nearer term, we are navigating the year with care as we prepare to accelerate in the second half. We are aiming to deliver high single to low double-digit topline and bottomline growth for 2025, supported by a resilient Branded business.”