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Manila Bulletin devider Business devider The Stock Market devider Del Monte on track for banner year as sales, profits climb

Del Monte on track for banner year as sales, profits climb

Published Sep 11, 2025 02:51 pm
Luis F. Alejandro, DMPI President and Chief Operating Officer (left); and Joselito D. Campos, Jr., DMPI President and Chief Operating Officer (right)
Luis F. Alejandro, DMPI President and Chief Operating Officer (left); and Joselito D. Campos, Jr., DMPI President and Chief Operating Officer (right)
Del Monte Pacific Limited is on track to achieve a full year of higher sales and profitability following the deconsolidation of its United States business, as well as the strength and momentum of its Philippine and international businesses.
“Our strong first quarter performance underscores Del Monte’s ability to deliver consistent growth by balancing innovation, health and nutrition relevance, and affordability,” said DMPL Chief Operating Officer Luis Alejandro.
He added, “With strengthened brand equity, expanded market share, and deeper household penetration, the Company is well-positioned to sustain its growth momentum. We remain sharply focused on our priorities, which include strengthening our balance sheet and ensuring the long-term stability of the business.”
DMPL reported a surge in net income to $5.5 million in the first quarter (May to July 2025) of its fiscal year 2026, almost 14 times the $0.4 million earned in the same period of 2024 due to the deconsolidation of its US business plus improved sales and margins.
In a disclosure to the Philippine Stock Exchange, DMPL stated that it sustained its growth trajectory in the first quarter, with revenues of $203.7 million, a 13 percent increase, driven by higher sales in the Philippines and international markets.
Gross margin in the first quarter significantly expanded to 32.5 percent from 27.6 percent in the prior year, driven by higher volume, improved pricing, lower cannery costs resulting from enhanced pineapple recovery, and lower plantation costs due to higher yields.
Yield for the C74 variety increased considerably due to an earlier rehabilitation programme, aided by favourable climate.
The Company's operations generated $76.8 million in operating cash flow (from $43.5 million in the prior year), a reflection of its stronger underlying profitability.
“Management is actively deploying this cash generation, along with ongoing discussions with financial partners and stakeholders, to meet its obligations and strengthen the Company's financial position,” DMPL said.
The Philippine market delivered sales of $88.4 million, up 10 percent in peso terms and 15 percent in US dollar terms, driven by strong demand across beverages, culinary essentials, and packaged fruits.
International sales grew by six percent to $97.2 million, driven by higher fresh pineapple sales in China and Japan, supported by an improved product mix and better pricing.
The premium S&W Deluxe Pineapple continues to grow and now accounts for a higher share of the Company’s exported fresh pineapple. An increase in fresh-cut packs in China also boosted demand for the Company’s pineapple.
S&W is now a market leader in North Asia, commanding a 50 percent share for exported pineapples. In Japan, fresh pineapple sales increased by 20 percent due to higher demand of freshcut in retail plus the entry of S&W Deluxe Pineapple with a new customer.

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