Del Monte Pacific Limited’s (DMPL) Philippine subsidiary, Del Monte Philippines, Inc. (DMPI), reported strong growth in earnings before interest, taxes, depreciation, and amortization on the back of a jump in domestic and international sales but did not disclose its net income.

In a disclosure to the Philippine Stock Exchange, the firm DMPL said DMPI’s EBITDA last fiscal year (May 2024 to April 2025) rose 40 percent year-on-year to ₱8.6 billion, “reflecting strong operational efficiency and market demand.”

“Our strong fiscal year 2025 results reflect the deep commitment and hard work of our team, and our relentless focus on consumer engagement, innovation and cost efficiency,” said DMPI President and COO Luis Alejandro.

He added that, “With an EBITDA growth of 40 percent, we are truly proud of what we have achieved, both in DMPI’s domestic and international markets. Our promise is to continue delivering value to our stakeholders.”

Total sales grew 14 percent to ₱44.2 billion, mainly driven by much improved performance in international markets. International sales expanded 22 percent to ₱19.5 billion, fuelled by robust exports of fresh pineapple and packaged products.

DMPI also reported an increased market share in North Asia to 53 percent, cementing its leading position as the preferred fresh pineapple supplier.

Key markets in China, South Korea and Japan led the growth, supported by an improved product mix. The premium S&W Deluxe Pineapple now accounts for a higher share of the company’s exported fresh pineapple.

Packaged exports to North Asia, Europe and the Americas also saw growth, driven by increased sales of packaged pineapple and industrial products.

The firm delivered ₱21.4 billion in sales in the Philippines, a six percent increase compared to the same period last year. This growth was driven by solid demand across key product categories, including beverages, packaged fruits and culinary essentials.

Del Monte Juices saw a significant market share uplift, fuelled by revitalized campaigns focused on compelling health propositions of 100 percent Pineapple Juice as well as new beverage product introductions.

Del Monte Mixed Fruits broke out of its traditional usage, growing relevance beyond holidays and re-established usage in year-round celebrations and family desserts.

While DMPI posted higher EBITDA (which does not include interest payments), it did not disclose its net income although DMPL said that, as of April 30, 2025, “the Group’s and the Company’s current liabilities exceeded its current assets by $595 million and $382 million, respectively.

“This is mainly driven by the loans of the Philippine subsidiary, Del Monte Philippines (DMPI), being of a revolving nature as prescribed by local banking partners.”

It also noted that, “we expect the Company’s and DMPI’s long-term loans including amortization to be refinanced or extended. We have secured concurrence on such extension from a major lender, and we are in discussions with the other creditors on the extension or refinancing of the other loans.”

The company said its management believes that the DMPL will be able to pay or refinance its liabilities as and when they fall due and the group continues to find new sources of funding to improve cash management including incremental short-term lines from partner banks for meeting its short-term obligations that will provide sufficient working capital financing for it to meet its objectives and future financial obligations.