Century Pacific Food (CNPF) Q2 2026 earnings summary

Executive summary

• Consolidated revenues for the first half of 2026 reached Php 45.8 billion, up 15% year-over-year, driven by double-digit growth in both Branded and OEM Export segments.

• Branded segment, accounting for 80% of sales, grew 14% in Q2 and 13% for 1H26, with Milk, Coconut, and emerging businesses leading.

• OEM Tuna and Coconut Exports rebounded with 26% YoY growth in 1H26, despite a June earthquake impacting Q2 performance.

• Net income after tax for 1H26 was Php 4.1 billion, a 6% increase YoY, with core net income up 10% excluding earthquake-related one-offs.

Financial highlights

• Net revenue for 1H26: Php 45.8 billion (vs. Php 39.7 billion in 1H25).

• Gross profit margin expanded to 25.9% from 25.7% YoY.

• Operating income rose to Php 5.6 billion (up 15% YoY); net income after tax at Php 4.1 billion (up 6% YoY).

• Basic and diluted EPS for 1H26: Php 1.17 (vs. Php 1.10 in 1H25).

• Book value per share increased to Php 11.27 as of June 30, 2026.

Outlook and guidance

• Management expects continued growth in both Branded and OEM Export segments, with resilience in affordable staples and robust global demand for coconut products.

• Ongoing capacity expansion and investments in manufacturing facilities are planned.