CENTURY PACIFIC FOOD, Inc. (CNPF) is maintaining its P8-billion to P9-billion capital expenditure (capex) program this yr despite weaker consumer confidence, higher operating costs, and geopolitical uncertainties, because the listed food manufacturer bets on sustained demand for inexpensive food and continued strength in its export business.
“Our capex this yr is about P8-9 billion, and we stand firmly behind that capex,” CNPF President and Chief Executive Officer Teodoro Alexander T. Po said throughout the company’s annual stockholders’ meeting on Tuesday.
The spending program will give attention to expanding production capability for the corporate’s domestic and export businesses.
Mr. Po said CNPF views demand for inexpensive nutrition within the Philippines as a long-term structural trend, supported by population growth and rising incomes.
“The capability we construct today to serve that market will probably be meaningfully larger by the point it comes online,” he said.
A significant slice of this yr’s investments will probably be allocated to the corporate’s original equipment manufacturer (OEM) export business.
“An enormous portion of our business, about 25%, is definitely exports and dollar-related, and these businesses proceed to shine in the intervening time, and coconut business growth and tuna business growth proceed to be strong,” Mr. Po said.
He said CNPF stays committed to expanding capability for each its export and domestic operations.
“In sum, we’re pleased to speculate repeatedly within the Philippine growth story, exports and domestic similarly,” he said.
“So, all of those capex are obligatory and required… We’ll expect to point out the outcomes starting next yr,” he added.
The corporate said the planned investments will probably be funded through its balance sheet and operating money flows.
Despite a more difficult operating environment, CNPF reaffirmed its goal of delivering double-digit growth in each revenue and earnings this yr.
“It’s been a quite difficult second-quarter but we’re still seeing double digit growth on our business each on the branded and on the OEM side, juxtapose that to our Q1 numbers, where we also delivered double-digit growth,” Executive Chairman Christopher T. Po said.
“With some luck and a whole lot of work, we still hope to land this plane by the top of the yr, delivering double-digit growth,” he added.
Mr. Po said the corporate expects the second half to perform similarly to, or barely higher than, the primary half, supported by increased investments in its brands and easing geopolitical pressures.
“With loads more investment in our brands, and hopefully with the Iran war effects abating, we’ll still find a way to make the subsequent six months similar and even barely higher than the primary six months. So our outlook is for double digit growth, each top line and bottom line for the balance of the yr,” he said.
In the primary quarter, CNPF’s net income rose 10% to P2.1 billion from P1.91 billion a yr earlier, while consolidated revenue increased 15% to P23.25 billion from P19.94 billion.
The corporate’s OEM export business posted 32% growth throughout the period, driven by improving tuna market conditions and sustained global demand for coconut products.
In 2025, CNPF’s net income rose 11% to P7.1 billion, while consolidated revenue increased 10% to P83.3 billion, led by its branded food business.
CNPF’s portfolio includes Century Tuna, Argentina, 555, Ligo, and Birch Tree. The corporate can be one among the country’s leading providers of private-label tuna and coconut products for export.
CNPF shares rose 1.64% to P31 apiece on Tuesday. — Alexandria Grace C. Magno