Growth was driven by the acceleration of its branded business and the recovery of its OEM exports segment, lifting year-to-date sales and profit growth to 8 percent and 10 percent, respectively, the company said in a statement.
Strong branded segment
CNPF’s consolidated revenues for the third quarter reached P22.1 billion, a 15-percent improvement from the same period in 2024. The branded segment, which accounts for the bulk of the company’s sales, surged 18 percent YoY, fueled by stronger demand across its core categories.
This double-digit growth pushed the segment’s year-to-date performance up 12 percent, reflecting the success of the company’s volume-led strategy and resilient portfolio of household staples and emerging health-oriented brands.
OEM Exports recover after soft first half
After a muted first half, OEM exports returned to positive territory, expanding 4 percent YoY and 31 percent quarter-on-quarter. The recovery reduced the segment’s year-to-date decline to -5 percent, following a strong 2024 base.
As a result, CNPF’s consolidated sales for the first nine months of 2025 amounted to P61.8 billion, underscoring the group’s steady operational performance across markets.
‘All-weather portfolio’
CNPF chief financial officer Chad Manapat credited the company’s resilience to its diversified “all-weather” portfolio, supported by both domestic and international businesses.
“Certain domestic macroeconomic factors are supporting our volume-led growth, especially for a food company like ours that plays in staples,” said Manapat. “Stabilizing inflation, particularly lower rice prices, has somewhat improved purchasing power, which in turn increased demand.”
He added that the recovery in exports also signals greater clarity in global trade, even amid a fluid environment.
Margins remain healthy
For the first nine months of 2025, CNPF’s gross margin stood at 25.5 percent, down by 110 basis points from last year due to normalizing input costs. However, the company’s disciplined expense management helped offset this pressure, with operating expenses reduced by 90bps as a share of sales.
CNPF’s net income after tax rose 10 percent YoY to P5.8 billion, with a net profit margin of 9.4 percent, slightly higher than last year’s level.
Strategic investments seen to drive growth
CNPF continued to invest in long-term growth drivers, particularly in health and sustainability. In the third quarter, the company acquired Loma Linda, a 130-year-old US-based heritage brand known for its plant-based food offerings.
It also expanded its coconut processing capacity by acquiring a facility in Tupi, South Cotabato, which will create over 800 manufacturing jobs and bolster export capabilities. With this, CNPF now operates three coconut hubs nationwide. —Ed: Corrie S. Narisma
