Century Pacific Food eyes double-digit profit growth

MANILA, Philippines — The Po family’s Century Pacific Food Inc. (CNPF) is looking to end the year with a double-digit growth in both revenue and profit, driven by sustained demand for its food products.

CNPF executive chairman Christopher Po yesterday said the company is looking to improve its financial performance in the second half, as the impact of the Middle East conflict is starting to wind down.

“It has been quite a challenging second quarter, but we are still seeing double-digit growth both for the branded and OEM (original equipment manufacturer) sides,” Po said.

For 2026, he said the company is eyeing to grow by double digits, both for revenue and profit. It will lean on two things to achieve this: first, by fully reinstating production capacity and second, by raising prices where need be.

CNPF had to shut production facilities in General Santos City in the aftermath of the magnitude 7.8 earthquake that shook the area in June. Now, the plants are back running, almost at full capacity.

Likewise, the company behind popular canned goods like Argentina and Century Tuna raised the prices of its products by an average of three percent.

Po said the hike is still lower than inflation, which ballooned to a three-year high of 7.2 percent in April.

As oil prices decline, Po said CNPF is assessing whether it still has to pass on to consumers the cost pressures hounding the business.

“I’m happy to say we are close to back to normal, close to full capacity utilization of our plants in Gensan. So with that, with a lot more investment in our brands and hopefully with the Iran war effects abating, we will still be able to make the next six months similar, or even slightly better, than the first six months,” Po said.

To manage cost spikes, CNPF has no plans of expanding in new market segments this year. Still, the company wants to grow its share in existing lines by introducing value-for-money products to serve low-income buyers.

Based on its financial report, CNPF booked a 10-percent jump in profit to P2.1 billion in the first quarter, as revenue surged by 15 percent to P23 billion.

CNPF draws at least 80 percent of its revenues from the branded segment, made up of products in the marine, meat, milk and coconut categories.