CNPF sustains 9-month growth momentum

MANILA, Philippines — Century Pacific Food Inc. (CNPF), the Po family’s listed food and beverage company, is looking to finish the year strong, as profit in the first nine months expanded by double digits.

CNPF saw its net income rise by 10 percent to P5.8 billion in the nine months ending September, with sales improving by eight percent year-on-year to P61.8 billion.

In the third quarter alone, revenues climbed by 15 percent to P22.1 billion, driven by the acceleration in its branded business and the recovery of its original equipment manufacturing (OEM) exports segment.

The branded segment, which accounted for the majority of sales, boosted the group’s performance, with sales rising by 18 percent during the third quarter.

OEM exports, meanwhile, posted a recovery in the third quarter, coming off a strong prior-year performance and a soft first half. The segment grew by four percent year-on-year and 31 percent sequentially.

CNPF chief financial officer Chad Manapat said the group’s performance could be attributed to the company’s all-weather portfolio, with both domestic and international legs.

“Certain domestic macroeconomic factors are supporting our volume-led growth, especially for a food company like ours that plays in staples. Stabilizing inflation, particularly lower rice prices, has somewhat improved purchasing power, which in turn increased demand,” Manapat said.

“That’s half the battle; the other half is ensuring our brands continuously support consumers by providing more affordable, convenient and healthier choices,” he said.

CNPF is eyeing to maintain its double-digit growth trajectory this year following a strong performance in 2024.

“As the year-end draws near, we are grateful for the company’s progress. We continue to put in the work and aim to deliver double-digit topline and bottomline growth in 2025, supported by our all-weather business model,” Manapat said.

“We remain optimistic about the Philippines’ growth story, anchored on a growing economy and favorable demographics that continue to drive long-term consumption. This is our backdrop as we plan for a solid finish and build momentum for 2026, guided by our mission to provide affordable nutrition to consumers,” he said.

With the company’s sustained growth performance, CNPF continues to invest in strategic growth drivers to strengthen its position as it capitalizes on long-term health and wellness trends.

Last August, the company announced the acquisition of Loma Linda, a 130-year-old US-based heritage brand specializing in plant-based alternatives.

CNPF also advanced its coconut capacity expansion with the acquisition of a processing facility in South Cotabato, which will enhance the group’s capabilities to serve both domestic and export demand.