Del Monte Pacific off to strong start in 2025

MANILA, Philippines — Singapore and Philippine-listed Del Monte Pacific Ltd. (DMPL) is off to a good start, posting improvements in both sales and profitability in the first quarter of its fiscal year 2026.

DMPL reported a net profit of $5.5 million in the first quarter ended July 2025, a notable improvement from just $400,000 reported in the same period recorded a year ago.

First quarter sales grew by 13 percent year-on-year to $203.7 million, driven by higher sales in the Philippines and international markets.

DMPL said the Philippine market delivered sales of $88.4 million during the period, up by 10 percent in peso terms and 15 percent in dollar terms due to strong demand across beverages, culinary essentials and packaged fruits.

International sales likewise jumped by six percent to $97.2 million due to higher fresh pineapple sales in China and Japan, supported by an improved product mix and better pricing.

“Our strong first quarter performance underscores Del Monte’s ability to deliver consistent growth by balancing innovation, health and nutrition relevance and affordability,” DMPL chief operating officer Luis Alejandro said.

“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,” he said.

Barring unforeseen circumstances, DMPL expects to be profitable in its fiscal year 2026, which it said marks a pivotal milestone that reflects the strength and momentum of its Philippines and international businesses.

For the Philippines, DMPL’s key priorities for growth include reinforcing market leadership in beverage, culinary and packaged fruit, as well as launching new products in new segments to broaden the consumer base.

It also aims to expand into growth channels of convenience stores, away-from-home, drugstores and schools.

For its international business, the company seeks to maintain market leadership in Fresh MD2 Pineapples across North Asia.

DMPL earlier announced that it has deconsolidated its US operations effective May 1, 2025, and will report solely on its continuing operations – Asia-focused business and international – going forward.

The deconsolidation will enable a complete strategic focus on driving growth and profitability within the group’s resilient Asian and overseas markets.

Following a complete asset impairment of $703.5 million, a net loss of $892.4 million was recorded for the 2025 fiscal year ending April for discontinued operations or the US business.

Continuing operations, which excludes the US business, registered a net profit of $10.9 million for its fiscal year 2025, reversing a net loss of $24.9 million in the previous fiscal year.