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Manila Bulletin devider Business devider The Stock Market devider Concepcion Industrial profit falls despite strong sales growth

Concepcion Industrial profit falls despite strong sales growth

Published Jan 29, 2026 01:10 pm

Concepcion Industrial Corp. (CIC), a consumer appliances and enterprise solutions firm, recorded an 8.33-percent decline in consolidated net income to ₱1.1 billion last year from ₱1.2 billion in 2024 amid industry-wide challenges.

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Jan. 29, the company said that, including contributions from associate Concepcion Midea Inc., total group net sales rose 10 percent to ₱25.9 billion, while CIC’s consolidated net sales inched up three percent year-on-year to ₱18.5 billion.

For the fourth quarter of 2025, CIC’s consolidated earnings fell 30 percent to ₱196 million from ₱278.7 million in the same period in 2024. Total group net sales increased 10 percent to ₱6.3 billion, while CIC’s consolidated net sales reached ₱4.6 billion, up three percent year-on-year.

“Despite a dynamic operating environment, our teams continued to deliver dependable results through focused operational management,” said CIC Chief Finance and Operating Officer Rajan Komarasu.

He added that, “Our performance in the fourth quarter reflects the resilience of our diversified portfolio and provides a solid foundation as we move into 2026.”

“While 2025 presented industry-wide challenges, CIC demonstrated resilience through disciplined execution and a steadfast focus on our priorities,” said CIC Chief Executive Officer (CEO) Ariel Fermin.

“We are taking meaningful steps to position the company for future opportunities and long-term value creation,” he added.

The firm started the year with strong earnings growth in the first half, but attributable net income began to decline in the third quarter, although profits for the first nine months remained higher year-on-year.

Despite revenue growth, CIC reported a 25-percent drop in attributable earnings in the third quarter to ₱107.16 million from ₱142.4 million in the same period in 2024.

In contrast, despite softer retail demand during the first half, CIC managed to grow earnings by 30 percent on the back of stronger refrigeration and appliance sales.

CIC’s first-half attributable net income, or profit after tax and minority interest, rose to ₱534.3 million, while profit after tax improved eight percent to ₱785.6 million compared with the same period last year.

Related Tags

Concepcion Industrial Corporation Ariel P. Fermin Rajan Komarasu
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