Trading of DMPL shares to remain suspended

Annual report includes disclaimer by independent auditors

MANILA, Philippines —  Trading of shares of Del Monte Pacific Ltd. (DMPL) will remain suspended after the company’s independent auditors issued a disclaimer of opinion on the financial statement of the group for the fiscal year ending April 2025.

The Philippine Stock Exchange suspended the trading of DMPL’s shares on Sept. 16, 2025 due to the company’s non-submission of the annual report for the fiscal year ending April 30, 2025.

DMPL had earlier requested that the Singapore Exchange and the PSE extend the deadline to submit its annual report, which the company did on Sept. 17, 2025.

In the report, DMPL’s independent auditor, Ernst & Young LLP, has included a disclaimer of opinion concerning the company’s consolidated financial statements for fiscal year 2025.

“The independent auditors are not able to express an opinion on the financial statements of the company as they have not been able to obtain sufficient appropriate audit evidence on the carrying value of the assets and liabilities of, and carrying value of investments in, and share in net losses in the company’s US subsidiary, Del Monte Foods Holdings Ltd. (DMFHL) as the Chapter 11 restructuring of DMFHL is ongoing,” DMPL said.

DMFHL and certain subsidiaries have commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of New Jersey on July 1, 2025.

DMPL and its subsidiaries have assessed the carrying value of the assets held for disposal and recognized impairment losses of $703.4 million in fiscal year 2025.

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.