September 12, 2025 | 12:00am
MANILA, Philippines — Singapore and Philippine-listed Del Monte Pacific Ltd. (DMPL) is off to begin, posting enhancements in each gross sales and profitability within the first quarter of its fiscal yr 2026.
DMPL reported a web revenue of $5.5 million within the first quarter ended July 2025, a notable enchancment from simply $400,000 reported in the identical interval recorded a yr in the past.
First quarter gross sales grew by 13 p.c year-on-year to $203.7 million, pushed by greater gross sales within the Philippines and worldwide markets.
DMPL stated the Philippine market delivered gross sales of $88.4 million through the interval, up by 10 p.c in peso phrases and 15 p.c in greenback phrases on account of sturdy demand throughout drinks, culinary necessities and packaged fruits.
Worldwide gross sales likewise jumped by six p.c to $97.2 million on account of greater contemporary pineapple gross sales in China and Japan, supported by an improved product combine and higher pricing.
“Our sturdy first quarter efficiency underscores Del Monte’s capacity to ship constant progress by balancing innovation, well being and diet relevance and affordability,” DMPL chief working officer Luis Alejandro stated.
“With strengthened model fairness, expanded market share and deeper family penetration, the corporate is well-positioned to maintain its progress momentum. We stay sharply targeted on our priorities, which embrace strengthening our steadiness sheet and making certain the long-term stability of the enterprise,” he stated.
Barring unexpected circumstances, DMPL expects to be worthwhile in its fiscal yr 2026, which it stated marks a pivotal milestone that displays the power and momentum of its Philippines and worldwide companies.
For the Philippines, DMPL’s key priorities for progress embrace reinforcing market management in beverage, culinary and packaged fruit, in addition to launching new merchandise in new segments to broaden the patron base.
It additionally goals to develop into progress channels of comfort shops, away-from-home, drugstores and colleges.
For its worldwide enterprise, the corporate seeks to take care of market management in Recent MD2 Pineapples throughout North Asia.
DMPL earlier introduced that it has deconsolidated its US operations efficient Could 1, 2025, and can report solely on its persevering with operations – Asia-focused enterprise and worldwide – going ahead.
The deconsolidation will allow an entire strategic give attention to driving progress and profitability inside the group’s resilient Asian and abroad markets.
Following an entire asset impairment of $703.5 million, a web lack of $892.4 million was recorded for the 2025 fiscal yr ending April for discontinued operations or the US enterprise.
Persevering with operations, which excludes the US enterprise, registered a web revenue of $10.9 million for its fiscal yr 2025, reversing a web lack of $24.9 million within the earlier fiscal yr.