CONCEPCION Industrial Corp. (CIC) and its associate Concepcion Midea, Inc. (CMI) said they posted a ten.5% increase in group net sales within the fourth quarter (Q4), while earnings declined amid cost pressures and industry headwinds.
Fourth-quarter group net sales, which include contributions from CMI, rose to P6.3 billion from P5.7 billion in the identical period a 12 months earlier, CIC said in an announcement on Thursday.
The corporate said its teams delivered regular results through targeted operational management amid a difficult environment.
“Our performance within the fourth quarter reflects the resilience of our diversified portfolio and provides a solid foundation as we move into 2026,” CIC Chief Finance and Operating Officer Rajan Komarasu said.
CIC’s consolidated net sales, which exclude its associate, reached P4.6 billion, up 2.2% from P4.5 billion a 12 months earlier. Consolidated net income, nonetheless, fell 29.7% to P196 million from P278.7 million within the prior 12 months.
“While 2025 presented industry-wide challenges, CIC demonstrated resilience through disciplined execution and a steadfast deal with our priorities. We’re taking meaningful steps to position the corporate for future opportunities and long-term value creation,” CIC Chief Executive Officer Ariel Fermin said.
For full-year 2025, total group net sales, including CMI’s contributions, reached P25.9 billion, up 10.2% from P23.5 billion in 2024.
Through the same period, CIC’s consolidated net sales stood at P18.5 billion, rising 2.2% from P18.1 billion a 12 months earlier. Consolidated net income, nonetheless, declined by 8.3% to P1.1 billion.
“We extend our sincere appreciation to our shareholders and partners for his or her continued trust and support,” Mr. Fermin added.
CIC generates revenue through subsidiaries Concepcion-Carrier Air Conditioning Co., Concepcion Durables, Inc., Cortex Technologies Corp., and Tenex Services, Inc., which sell and repair air conditioners, refrigeration, and laundry and kitchen appliances.
It also operates Concepcion-Otis Philippines, Inc., which handles elevators and escalators, and Teko, its appliance repair and maintenance platform.
Within the third quarter, CIC reported a 24.7% decline in attributable net income to P107.2 million, as rising costs and external headwinds weighed on profitability despite higher revenues.
Third-quarter gross revenues rose 2.4% to P3.88 billion from P3.79 billion a 12 months earlier, driven by stronger sales in refrigeration, laundry, and other appliances, in addition to business products. The rise was partly offset by weaker demand for residential air conditioners.
On the local bourse on Thursday, CIC shares fell 0.72% to P13.70 apiece. — Alexandria Grace C. Magno