Century Pacific Food Inc. (CNPF), the country’s largest canned food company, is projecting sustained double-digit growth, targeting a 10 percent to 12 percent increase this year and 10 percent to 15 percent annual growth over the next three to five years—double the country’s GDP expansion.
At its annual stockholders’ meeting, executive chairman Christopher T. Po cited strong growth prospects for both core and emerging businesses, despite decades in tuna canning. “The runway is still quite attractive,” Po said, pointing to less than 80 percent market penetration and low consumption frequency of its flagship tuna products.
CNPF has raised its 2025 capital expenditure to P5 billion from P4 billion to support the expansion. Po highlighted the alignment of its meat segment with national GDP trends and the continued potential of its dairy unit amid rising middle-class demand for protein and healthier food.
Emerging categories—such as pet food, coconut, refrigerated, plant-based products, and Hunt’s—now account for 7 percent to 9 percent of CNPF’s portfolio and are growing rapidly at 30 percent to 50 percent annually. “We think that our diversified portfolio will serve us well as we strive to deliver double-digit growth, both top line and bottom,” said Po.
However, the company’s export-oriented OEM operations, including coconut water and tuna, face global headwinds in 2025 due to geopolitical disruptions, according to president and CEO Teodoro Alexander T. Po. In contrast, domestic branded businesses are outperforming expectations, buoyed by earlier brand investments, lower rice prices, declining unemployment, and election-driven consumer spending.
“Our business model continues to prove resilient,” said the CEO. “When one segment struggles, another steps up, enabling us to maintain strong performance.”
Century Pacific’s ability to balance domestic and international segments, along with investment in high-growth categories, positions it well for resilient financial performance amid macroeconomic uncertainty.
