02/10/2026
Century Pacific’s Sales Surge, but Inventory Build Drains Cash
The Philippine food maker increased short-term borrowings, yet ended the first half with less cash as inventories, capital spending and dividends absorbed funds.
Century Pacific Food Inc. delivered the kind of sales growth consumer companies usually celebrate. Its cash-flow statement gave investors less reason to cheer.
The Philippine food manufacturer reported revenue of ₱45.8 billion for the first half of 2026, up 15% from a year earlier, as its domestic branded-food business expanded and exports recovered. Branded revenue, which accounts for roughly four-fifths of the company’s sales, rose 13%, while original-equipment-manufacturing exports jumped 26%.
The growth was broad enough to suggest that Century Pacific’s expansion isn’t resting solely on its established canned-tuna and meat brands. Milk, coconut products and other emerging businesses helped drive branded sales, while improving global trade supported the export business. Branded growth was also volume-led, with the company reporting double-digit volume growth during the period, an encouraging sign that higher revenue wasn’t simply the result of price increases.
But the strong showing at the top of the income statement didn’t make its way to the bank account. Read More: https://www.accuretti.com/blog/century-pacifics-sales-surge-but-inventory-build-drains-cash
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