Century Pacific Food (CNPF) Q2 2026 earnings summary

Executive summary

• 1H26 revenue rose 15% YoY to PHP45.8B, supported by double-digit growth in Branded and OEM Export; core net income increased 10% to PHP4.305B.

• Headline net income rose 6% YoY to PHP4.143B, including initial provisions for earthquake-related losses.

• Global uncertainty and a June earthquake disrupted operations; full production resumed by July.

Financial highlights

• 1H26 revenue was PHP45.8B (+15% YoY); gross profit PHP11.9B (+16%), operating income PHP5.6B (+15%), and EBITDA PHP6.8B (+16%).

• Headline net income was PHP4.143B (+6% YoY); core net income was PHP4.305B (+10%).

• Gross margin expanded 20 bps YoY to 25.9%, as measured pricing actions offset normalizing input costs.

• 2Q26 revenue was PHP22.8B (+16% YoY); core net income rose 11% and headline net income rose 3%.

• 1H26 basic and diluted EPS was PHP1.17, versus PHP1.10 in 1H25; book value per share was PHP11.27 at June 30, 2026.

Outlook and guidance

• FY26 revenue outlook is low-to-mid-teens growth; net income outlook is low-double-digit growth.

• Growth drivers include resilient Branded demand, recovering OEM exports, and volume- and price-led growth; affordable staples and global coconut demand remain supportive.

• Measured price increases are intended to cushion rising input and distribution costs; the effective tax rate is expected to rise as tax incentives expire.

• FY26 capex guidance is approximately PHP8B, supporting capacity expansion and long-term growth investment.