Del Monte sees sustained profit growth

MANILA, Philippines — Del Monte Pacific Ltd. (DMPL) expects to continue its growth trajectory in the second half of its fiscal year 2026 following robust first half results fueled by the strength and momentum of its Philippines and international businesses.

Barring unforeseen circumstances, the company expects to be profitable in fiscal year 2026.

DMPL said that its focus remains on reinforcing market leadership in the Philippines, maintaining fresh fruit leadership in North Asia, improving operational productivity and prudently managing the capital structure.

DMPL reported a net profit of $22.3 million from May to October, a significant jump from $2.7 million in the same period last year.

Net profit for the second quarter covering August to October period soared to $16.8 million from the previous year’s $2.3 million, driven by improved sales and margins.

Sales for the first half reached $438.6 million, up by 11 percent year-on-year.

DMPL said the results reflect the strength and resilience of the company’s core Asian operations and its international markets, following the strategic deconsolidation of its US business.

As announced earlier, the company’s US business had been deconsolidated from DMPL effective May 1, 2025.

DMPL said that Del Monte sustained or grew market leadership across key categories in the Philippines, growing shares in fruits, spaghetti sauce and ready-to-drink juices.

Internationally, the company solidified its position as the leading supplier of imported pineapples in North Asia, commanding a 51 percent market share.

“Our excellent results demonstrate the underlying strength and potential of our Asian business. With DMPL’s deconsolidation and complete write-down of its US investment and other assets, we have a clear path forward,” DMPL and Del Monte Philippines Inc. (DMPI) CEO Joselito Campos Jr. said.

According to Campos, the company is proactively working on capital initiatives at the DMPI level to enhance financial flexibility as it invests in growth.

“As we stand on the cusp of DMPI’s 100th anniversary, we are not just celebrating a historic past but building a dynamic future – fueled by a portfolio of beloved brands, a competitive market position and most importantly, our exceptional Great Place to Work-certified team,” he said.

DMPL has been officially certified as a “Great Place to Work” in 2025.