Axelum Resources Corp., the country’s leading manufacturer and exporter of coconut food products, reported an 88-percent surge in net income to ₱636 million in the first nine months of 2025 due to higher volumes and selling prices.

In a disclosure to the Philippine Stock Exchange (PSE), the affiliate of Metro Pacific Investments Corp. (MPIC) said its sales jumped 48 percent to ₱7.6 billion in the first nine months of 2025, eclipsing full-year 2024 topline, anchored on robust volume growth and higher average selling prices across major product categories.

Sales of the white meat segment, mainly comprised of desiccated coconut, sweetened coconut, and coconut milk and cream, increased 122 percent, 20 percent, and 78 percent, respectively, driven by booming consumer demand for natural and plant-based food choices.

Coconut water continues to steadily deliver double-digit volume growth, up 10 percent year-to-date and is on-track to achieve record performance for 2025.

Axelum sustained growth across key export markets led by the United States (US), Europe, and Australia, while domestic sales rose 58 percent, attributed to a wider distribution footprint, new product innovation, and an expanding institutional business.

“We managed to outperform in spite of formidable headwinds particularly tight local supply and broader tariff-related impacts in our largest export base,” said Axelum President and Chief Operating Officer (COO) Henry J. Raperoga.

He added that, “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. For the balance of the year, we are strongly positioned to close 2025 on a high note.”

Gross profit rose 35 percent to ₱1.7 billion, translating to earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₱966 million, up 60 percent versus the same period last year.

Gross margin was stable at 22 percent, despite average nut buying prices ballooning to more than double for the same period last year, owing to prolonged supply constraints. Axelum implemented strategic pricing adjustments to partially cushion the effects of higher raw material costs and defend margins.

Combined with a prudent fixed overhead discipline, EBITDA and net income margins improved to 13 percent and eight percent, correspondingly.

To date, Axelum 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.