Philippines Tuna Giant Eyes Growth Amid US Tariff Uncertainties

Century Pacific Food Inc. is eyeing a double-digit target in revenue and profit amid the rising global trade tension. Christopher Po, Executive Chairman of Century Pacific, said earlier this week at the annual stockholders meeting that the company has earmarked PHP 4 billion (USD 71.01 million) to PHP 5 billion (USD 88.76 million) in capital expenditure this year to support the growth of its business segments, including for tuna. Century Pacific is one of the largest producers of canned tuna in the domestic market under the Century Tuna brand and a leading exporter of OEM tuna products to also the US.

Po asserted that the extra 10 percent tariffs on Filipino products, imposed by US President Donald Trump in April, have affected the company’s tuna business. He expects a positive outcome at the end of the 90-day temporary pause on tariffs, ending on July 9. However, Century Pacific is adopting a cautiously optimistic stance on its growth prospects amid commodity volatility, shifting trade dynamics, and the potential impact of new US tariffs, reported Filipino news sites. Century Pacific reported a revenue of PHP 19.94 billion (USD 353.96 million), up ten percent year on year in the first quarter of 2025. Net income rose by 11 percent to PHP 1.91 billion (USD 33.90 million).