Concepcion Industrial Corporation Posts 15% PATAMI Growth in Q2 2025

Concepcion Industrial Corporation (CIC), the country's leading provider of consumer lifestyle and enterprise solutions, reported a 15% year-on-year increase in Profit After Tax After Minority Interest (PATAMI), reaching P355.4 million for the second quarter (Q2) of 2025. The growth was largely driven by the strong contribution from its associate, Concepcion Midea, Inc. (CMI), and better performance from certain entities.

“While Q2 presented headwinds from softer retail demand and margins, we remained agile and focused,” said Rajan Komarasu, Chief Finance and Operating Officer. “Strong performance in our refrigeration and appliance lines helped offset Challenges in other areas, reaffirming the resilience of our diversified portfolio.” 

Consolidated Q2 Net Sales reached P5.2 billion and Profit After Tax (PAT) was P498.1 million. Including unconsolidated Sales of CMI, Net Sales totaled P7.5 billion.

CIC’s first-half performance remained strong surpassing 2024 levels. Consolidated Net Sales reached P10.1 billion, up 3% year-over-year, while PAT rose 8% to P785.6 million. PATAMI grew 30% to P534.3 million. Including contributions from CMI, total group Net Sales grew by 10% to P14.1 billion.

“Our first-half results underscore the strength of our multi-segment platform,” said Ariel Fermin, Chief Executive Officer of CIC. “As we navigate evolving market dynamics, we continue to sharpen our execution, invest in innovation, and build long-term value for our customers and shareholders.”