First Pacific Co Ltd

First Pacific Company Limited is an investment holding company involved in consumer food products, telecommunications, infrastructure, and natural resources across the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. It provides telecommunications and digital services, including fiber-optic backbone, fixed-line, and cellular networks. The company manufactures and distributes consumer-branded goods and food products such as noodles, dairy products, snack foods, seasonings, nutrition and special foods, beverages, wheat flour, and pasta under the Bogasari brand. It also engages in agribusiness, including seed breeding, oil palm cultivation and milling, and the production of cooking oils, margarine, and shortening, as well as sugar cane and rubber processing, and explores for, mines, and produces gold, copper, and silver. In addition, it operates gas-fired power plants, provides water distribution, sewerage, sanitation, healthcare, and real estate solutions, operates toll roads and light rail, and distributes electricity. Founded in 1981, it is headquartered in Central, Hong Kong.

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First Pacific H1 2026 Recurring Profit Dips 3% to Second-Highest Ever

First Pacific Co Ltd reported a 3% decline in recurring profit for the first half of 2026, yet it remains the second-highest in company history, with turnover up 6% and an unchanged interim distribution of 13 Hong Kong cents per share. The weaker Indonesian rupiah and Philippine peso, down 5% and 6% respectively on average exchange rates, dragged contribution from operations down 2% in US dollar terms. Among its subsidiaries, Indofood posted record core profit, up 7%, while ICBP achieved record net sales and a core profit of 5.4 trillion rupiah, with full-year sales expected to rise as much as 7% and EBIT margin between 20% and 22%. Metro Pacific and PLDT also delivered record results, with PLDT's service revenues and EBITDA at their highest-ever first-half levels and capital expenditure falling to 19% of service revenues. Pacific Light Power saw revenue rise 12% but core profit drop 26% due to lower non-fuel margins, while Philex Mining's revenue fell 9% but core profit surged 56% on higher metal prices. The company's interest coverage ratio stood at 4.8 times, with a blended interest cost of about 4.5% and average maturity of 3.4 years.

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