Axelum Resources Corp., a leading manufacturer and exporter of premium coconut products, aims to sustain its upward momentum in 2025 on the back of strong overseas demand.
Axelum said in a disclosure to the stock exchange Tuesday it is expecting to register record volumes for most of its core product segments, led by rapidly-growing mainstream demand for plant-based eating, expanding commercial uses, innovative non-food applications and other emerging market trends.
“We have identified unique opportunities that will help propel us into a new era of growth in the long-term. As a company, we are positive that the current global macroeconomic backdrop will remain conducive and supportive of this ambition,” said Axelum president and chief operating officer Henry Raperoga.
Axelum said that as the global coconut products industry continues to see robust demand, upward pricing and supply tightness in 2025, these trends put the company in a strong position to sustain its growth momentum.
Axelum recently fully-commissioned its new filling line which increased its coconut water production by more than 30 percent annually.
It also signed a multi-year renewal agreement with Vita Coco, the world’s largest coconut water brand in 2024, to secure one of its fastest growing revenue streams for the next decade.
Axelum also installed new equipment to improve manufacturing yields and completed the renovation of existing warehouses to augment storage capacity for finished goods.
To ensure raw material availability, Axelum extended its sourcing areas to guarantee sufficient quantities of fresh coconuts for its daily operational requirements.
“We have charted a clear path forward to expand our institutional business, while realizing the massive untapped potential of our consumer segment both domestically and overseas,” said Raperoga.
The company saw a turnaround last year as it focused on redefining plans, establishing new customer touchpoints, building strategic capabilities and strengthening our overall distribution network.
Net income in the first nine months of 2024 reached P339 million, a sharp reversal from a net loss of P428 million in the prior year.
“For 2025, we will concentrate resources on strategy execution and optimizing efficiencies across the business to maximize value generation,” said Raperoga.