Del Monte Pacific Ltd (DMPL) shares resumed trading on the Philippine Stock Exchange (PSE) on Monday after the company clarified that an audit disclaimer for its US subsidiary did not affect its core operations.
The PSE suspended trading in DMPL shares on Sept. 18, 2025, after the company’s annual report included a disclaimer of opinion from its auditors. Trading resumed at 10:30 a.m. Monday.
DMPL shares opened at P6, up 43.9 percent from its last closing price of P4.17.
The PSE said it lifted the suspension “in due consideration of the existing circumstances,” including the company’s explanation of the limited impact of the disclaimer on its overall financial condition and operations.
DMPL had asked the PSE to lift the suspension last week, saying the audit disclaimer only pertained to its US subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), which is undergoing Chapter 11 bankruptcy proceedings.
DMFHL has been de-consolidated from the group’s financial statements and classified as “assets held for disposal” and “discontinued operations.”
“The disclaimer arose because the auditors were unable to obtain sufficient appropriate evidence on the recoverable values of these assets and related liabilities in view of the ongoing Chapter 11 proceedings in the United States,” DMPL said in a statement.
The company said the disclaimer has no impact on its continuing operations in the Philippines and Asia, as the US business has been de-consolidated and full impairments have been recognized on its residual interests in the US operations.
“This ensures that uncertainties in the U.S. operations do not affect the company’s continuing core businesses,” the company said.
DMPL also noted that the same financial statements were filed with the Singapore Exchange (SGX), its primary listing venue, which did not impose a trading suspension.
“The company remains fully committed to transparency, timely disclosure of any material developments and compliance with the rules of the PSE and the SGX,” DMPL said.
