MANILA, Philippines—Coconut products manufacturer and exporter Axelum Resources Corp. reported a 40-percent increase in sales to P4.5 billion in the first half of 2025 amid robust export demand and higher prices.
The company said it saw strong growth in its core products, with desiccated coconut sales up 72 percent, sweetened coconut up 7 percent and coconut milk and cream up 69 percent.
Coconut water, its fastest-growing segment, rose 28 percent and is on track for record output this year.
“Rising demand continues to fuel heavy consumption of coconut-based products despite prolonged global supply shortfalls, resulting in unprecedented commodity prices,” said Axelum president and chief operating officer Henry Raperoga.
All major export markets, including the United States, Europe, Australia and Asia, posted double-digit growth. Domestic sales climbed 56 percent due to expanded distribution and a growing institutional customer base.
Gross profit grew 31 percent to P961 million, while earnings before interest, tax, depreciation and amortization (EBITDA) rose 9 percent to P421 million. Pre-tax profit increased 8 percent to P258 million, and net income improved 6 percent to P220 million.
The company noted that elevated input costs, particularly a more than two-fold rise in nut buying prices, weighed on margins.
Axelum said it maintains a positive outlook for the rest of 2025, banking on sustained demand in key export markets.
The company said it would continue to monitor developments such as high coconut oil prices and newly imposed U.S. import tariffs.
“Looking ahead, we remain confident in our ability to capitalize on strategic market opportunities to anchor a stronger performance in the second half,” Raperoga said.
The company said it is also preparing to roll out new retail offerings in the coming months as part of its aggressive consumer-led strategy.
