D&L Industries Inc. expects strong export growth to continue despite global trade challenges. D&L reported a 6% increase in first-half 2025 net income and maintains a positive outlook for double-digit growth this year, driven by its Batangas plant and robust international sales.
D&L Industries Inc. expects its exports to remain strong despite global trade challenges due to tariff issues.
D&L president and chief executive Alvin Lao said only 3 percent of the company’s revenues come from the United States, while a bigger portion comes from other export markets such as Asia Pacific, China, New Zealand, Europe and Latin America.
Lao said the majority of products that D&L sells to the US are valued for their distinct technical and functional attributes, and demand is seen to be sustained.
D&L reported recurring net income of P1.4 billion in the first half of 2025, up 6 percent from P1.32 billion in the same period last year.
The growth was largely driven by the consistent quarterly profitability of the Batangas plant and robust exports.
Net income for the second quarter also grew 2 percent to P714 million.
D&L also remains confident of hitting its double-digit growth target for the year as its high-margin exports continue to drive growth.
“The second quarter proved challenging amid record-high coconut oil prices. Nonetheless, the company delivered a modest 2-percent year-on-year growth for the quarter. With coconut oil prices appearing overstretched, the second half is expected to benefit from more stable and potentially lower prices, supporting a stronger earnings performance compared to the first half. We maintain our outlook for double-digit net income growth for the year,” said Lao.
“Our focus remains on executing our growth strategy, expanding into new markets, and strengthening our competitive position to capture the significant opportunities we see both locally and globally. We are committed to delivering sustainable value for shareholders and remain confident in the company’s long-term prospects,” Lao said.
Lao said the family’s holding company has steadily increased its ownership in D&L, acquiring about 3 percent of the company’s total outstanding shares since the pandemic.
He said that in 2024 and 2025, the family purchased 20 million and 41 million shares, respectively.
“At prevailing market prices, the stock offers an attractive dividend yield of 4.4 percent,” Lao said.
