25 July 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 Php 355.4 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 Php 5.2 billion and Profit After Tax (PAT) was Php  498.1 million. Including unconsolidated Sales of CMI, Net Sales totaled Php 7.5 billion. 

CIC’s first-half performance remained strong surpassing 2024 levels. Consolidated Net  Sales reached Php 10.1 billion, up 3% year-over-year, while PAT rose 8% to Php 785.6  million. PATAMI grew 30% to Php 534.3 million. Including contributions from CMI, total  group Net Sales grew by 10% to Php 14.1 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.” 

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For media inquiries, please contact:
Jennie David (investorrelations@cic.ph)