<\/p>\n
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.<\/span><\/p>\n \u201cOur capex this yr is about P8-9 billion, and we stand firmly behind that capex,\u201d CNPF President and Chief Executive Officer Teodoro Alexander T. Po said throughout the company\u2019s annual stockholders\u2019 meeting on Tuesday.<\/p>\n The spending program will give attention to expanding production capability for the corporate\u2019s domestic and export businesses.<\/p>\n 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.<\/p>\n \u201cThe capability we construct today to serve that market will probably be meaningfully larger by the point it comes online,\u201d he said.<\/span><\/p>\n A significant slice of this yr\u2019s investments will probably be allocated to the corporate\u2019s original equipment manufacturer (OEM) export business.<\/p>\n \u201cAn 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,\u201d Mr. Po said.<\/span><\/p>\n He said CNPF stays committed to expanding capability for each its export and domestic operations.<\/p>\n \u201cIn sum, we’re pleased to speculate repeatedly within the Philippine growth story, exports and domestic similarly,\u201d he said.<\/p>\n \u201cSo, all of those capex are obligatory and required\u2026 We\u2019ll expect to point out the outcomes starting next yr,\u201d he added.<\/p>\n The corporate said the planned investments will probably be funded through its balance sheet and operating money flows.<\/p>\n Despite a more difficult operating environment, CNPF reaffirmed its goal of delivering double-digit growth in each revenue and earnings this yr.<\/p>\n \u201cIt\u2019s been a quite difficult second-quarter but we\u2019re 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,\u201d Executive Chairman Christopher T. Po said.<\/span><\/p>\n \u201cWith 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,\u201d he added.<\/p>\n 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.<\/span><\/p>\n \u201cWith 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,\u201d he said.<\/p>\n In the primary quarter, CNPF\u2019s 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.<\/p>\n The corporate\u2019s OEM export business posted 32% growth throughout the period, driven by improving tuna market conditions and sustained global demand for coconut products.<\/p>\n In 2025, CNPF\u2019s net income rose 11% to P7.1 billion, while consolidated revenue increased 10% to P83.3 billion, led by its branded food business.<\/p>\n CNPF\u2019s portfolio includes Century Tuna, Argentina, 555, Ligo, and Birch Tree. The corporate can be one among the country\u2019s leading providers of private-label tuna and coconut products for export.<\/p>\n CNPF shares rose 1.64% to P31 apiece on Tuesday. \u2014 Alexandria Grace C. Magno<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" CENTURYPACIFIC.COM.PH 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. \u201cOur capex this yr is about P8-9 billion, […]<\/p>\n","protected":false},"author":1,"featured_media":359105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[19012,9866,4120,53377,18157,608],"class_list":["post-359104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-capex","tag-century","tag-headwinds","tag-p89b","tag-pacific","tag-stands"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t