Century Pacific Food, Inc., a leading food company in the Philippines, reported robust financial results for the year ending 31 December 2024, with consolidated revenues reaching P75.5 billion, up 12 percent from the previous year. Net profit after tax rose by 14 percent year-on-year to P6.3 billion, reflecting strong performance across its diverse business segments.
The company’s OEM exports, including tuna and coconut exports, drove significant topline growth, with revenues surging 36 percent year-over-year. This was supported by favorable input costs and increased global demand for nutritious, healthy products. Meanwhile, the branded segment, which accounts for the majority of CNPF’s sales, saw a 7 percent revenue increase, with a notable 10 percent growth in Q4 despite a challenging consumer environment.
CNPF’s sustained growth, despite inflationary pressures, was attributed to its diversified portfolio, which enabled the company to navigate economic headwinds effectively. The company focused on maintaining affordable nutrition while reinvesting margin gains into brand-building initiatives and sustainability projects.
The company also saw improvements in gross margins, which expanded by 210 basis points to 26.1 percent, supporting the stable EBITDA margin of 12.7 percent. CNPF’s operational success led to healthy cash flows of P8.1 billion, enabling investments in capacity expansion, higher dividends, and debt repayments.
CNPF made strategic moves, including the acquisition of Coco Harvest, Inc., which began operations in November 2024. The company further invested in sustainability, expanding its solar and biomass capacity and reducing greenhouse gas emissions by 16 percent. It also launched the Sustenido Bulan program to promote sustainable fishing practices in local communities.
Looking ahead, CNPF remains cautiously optimistic about 2025, focusing on maintaining agility amid global uncertainties and continuing its pursuit of long-term, inclusive growth.
