First Pacific Company Limited (142) Earnings Call Transcripts
First Pacific Company Limited's Latest Earnings Call - March 31, 2026
In the fiscal year 2025, First Pacific Company Limited (142:HK) reported a revenue of over $10 billion, marking a 2% increase year-over-year, driven by strong performances from Indofood and MPIC. The recurring profit rose 10% to $740 million, while net profit also increased by 10% to $661 million. Management announced a final dividend of HKD 0.14 per share, contributing to a total annual distribution of HKD 0.27, the highest ever per share. Looking ahead, management expressed cautious optimism for 2026, although uncertainties remain due to geopolitical tensions in the Middle East.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $10.0B (beat) |
| Recurring Profit | $740M (beat) |
| Net Profit | $661M (beat) |
| Dividend per Share | HKD 0.27 (positive) |
| Interest Coverage Ratio | 4.5x (positive) |
| Core Profit (MPIC) | up 15% (positive) |
Guidance from management
Management expressed cautious optimism for 2026, indicating that the outlook looks reasonable despite uncertainties from geopolitical tensions. They expect to continue seeing growth in their core businesses.
What management said
I think MPTC, at the moment, the business is continue to focus on delivering this year its projects. They have quite a number of projects within the Philippines that are looking to complete. And so that's really been the focus. Also some of the deleveraging efforts of management because of the acquisitions that they've undertaken in the last few years, those are the principal initiatives looking at partners and some ...
What analysts pressed on
Analysts raised concerns regarding the muted growth in regular dividends compared to previous years, questioning if this reflects a cautious outlook. Additionally, there were inquiries about potential impacts from the Middle East conflict on raw material costs and overall business performance.
Main topics on the call
- Record Earnings — First Pacific achieved record high contributions from operations, with recurring profit increasing 10% to $740 million from $673 million in 2024. Management noted, "the recurring profit growth last year for Indofood was ...
- Dividend Policy — The board approved a final dividend of HKD 0.14 per share, resulting in a total distribution of HKD 0.27 for the year, a 10% increase from last year. CFO Joseph Ng stated, "we are returning more than 70% of free cash to ...
- Geopolitical Risks — Management acknowledged potential risks from the ongoing Middle East conflict, stating, "there is a bit of uncertainty" but maintained that Indofood's outlook remains reasonable. This reflects a cautious approach to futu...
- Debt Management — First Pacific successfully refinanced a $200 million loan due in 2026, extending it to 2031. The interest coverage ratio improved to 4.5x, up from 4x the previous year, indicating strong financial health and prudent debt...
Read the full First Pacific Company Limited transcript (March 31, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About First Pacific Company Limited
First Pacific Company Limited (142) is a publicly listed company in the Food Products industry, within the Consumer Staples sector. It trades on SEHK and is based in HK. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 20 calls on record spanning March 24, 2020 to April 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 20 First Pacific Company Limited earnings call transcripts on record, spanning March 24, 2020 to April 28, 2026. Based on this history, First Pacific Company Limited reports semi-annually. The most recent call on file is dated April 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- 142
- Exchange
- SEHK
- Country
- HK
- Sector
- Consumer Staples
- Industry
- Food Products
- Calls on record
- 20
- First call
- March 24, 2020
- Most recent
- April 28, 2026
- Reporting cadence
- semi-annually