November 12, 2025 | 12:00am
MANILA, Philippines — Axelum Resources Corp. saw earnings surge from January to September, with the company’s revenue trajectory for the year headed to a record high.
The listed integrated manufacturer and exporter of premium coconut products delivered a net income of P636 million from January to September, an 88-percent spike year-on-year.
The company’s strong profitability was boosted by higher sales, which expanded by 48 percent to P7.6 billion.
Axelum’s sales for the nine-month period, which already eclipsed full year 2024 topline, was fueled by robust volume growth and higher average selling prices across major product categories.
The company saw sales of the white meat segment, mainly comprised of desiccated coconut, sweetened coconut and coconut milk/cream, soar by 122 percent, 20 percent and 78 percent, respectively, as a result of booming consumer demand for natural and plant-based food choices.
Axelum said that coconut water also continued to deliver double-digit volume growth, increasing by 10 percent year-to-date and is on track to achieve record high performance for 2025.
Sustained growth across key export markets was also recorded during the period, led by the United States, Europe and Australia, while domestic sales rose by 58 percent due to a wider distribution footprint, new product innovation and an expanding institutional business.
1“We managed to outperform in spite of formidable headwinds particularly tight local supply and broader tariff-related impacts in our largest export base,” Axelum president and chief operating officer Henry Raperoga said.
Axelum said it implemented strategic pricing adjustments to partially cushion the effects of higher raw material costs and defend margins.
“From a long-term view, we are positive about our growth prospects as we continue to invest in building capacity and upgrading technology to meet rising demand,” Raperoga said.
“For the balance of the year, we are strongly positioned to close 2025 on a high note,” he said.
The company, which is 34.8-percent owned by a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp., said it remains focused on its strategic priorities to further strengthen competitiveness amid a challenging operating environment including peaking coconut oil prices, global supply shortfalls and current US tariff policies.
