Concepcion Industrial Corp. (CIC), the Philippines’ leading provider of consumer lifestyle and enterprise solutions, reported a 15 percent year-on-year rise in net profit, reaching P355.4 million in the second quarter of 2025.
The growth was driven largely by the strong performance of its affiliate company, Concepcion Midea Inc. (CMI), and solid results from selected business units. Consolidated net sales for the quarter reached P5.2 billion. Including CMI’s unconsolidated sales, total net sales amounted to P7.5 billion.
“While the second quarter presented headwinds from softer retail demand and tighter margins, we remained agile and focused,” said Rajan Komarasu, Concepcion Industrial Chief Finance and Operating Officer. “Strong performance in refrigeration and appliance lines helped offset challenges elsewhere, reaffirming the resilience of our diversified portfolio.”
For the first half of 2025, the company reported consolidated net sales of P10.1 billion, a 3 percent increase year-on-year. Net profit rose by 8 percent to P785.6 million, while profit attributable to monority shareholders of the company grew 30 percent to P534.3 million. With contributions from CMI included, total group net sales surged 10 percent to P14.1 billion.
“Our first-half results underscore the strength of our multi-segment platform,” said Concepcion Industrial Chief Executive Officer Ariel Fermin. “As we navigate evolving market dynamics, we continue to sharpen our execution, invest in innovation, and build long-term value for our customers and shareholders.”
