Century Pacific Food (CNPF) Q4 2025 earnings summary

Executive summary

• Achieved 10% year-over-year revenue growth in FY25, reaching PHP 83.3B, driven by a resilient branded segment and international expansion despite global volatility and a soft domestic consumer environment.

• Net income after tax rose 11% year-over-year to PHP 7.1B, with disciplined spending and lower operating expenses offsetting gross margin compression.

• Branded revenues grew 13% year-over-year, supported by volume-led growth, market share gains, and outperforming peers.

• OEM segment posted a modest 2% year-over-year growth, recovering in 2H25 after a challenging first half and global trade volatility.

• Gross margins contracted to 25.1% due to normalized input costs, but operating and net profit margins improved slightly.

Financial highlights

• FY25 gross revenue was PHP 83.3B, up from PHP 75.49B in FY24.

• EBITDA increased 13% year-over-year to PHP 10.8B; operating income up 14% to PHP 8.7B.

• Earnings per share rose 11% to PHP 1.99.

• Net margin stable at 8.5%, up 0.1 pps year-over-year.

• Total assets grew to PHP 64.98B, and equity rose to PHP 38.99B as of December 31, 2025.

Outlook and guidance

• 2026 outlook faces heightened uncertainty from geopolitical tensions, with input costs rising and volatile demand.

• Double-digit topline growth targeted, but profitability guidance remains cautious due to macro risks.

• Management expects continued growth in branded and plant-based segments, with ongoing investments in coconut processing and international expansion.

• Focus remains on cost management, innovation, and sustainability to support long-term profitability.

• CAPEX guidance for FY26 at PHP 8-9B, funded by healthy cash flows and a strong balance sheet.