Canned fruit maker and producer Del Monte Pacific Limited (DMPL) saw its net income increase by sevenfold to $16.8 million during the second quarter ended Oct. 31, 2025.
The sharp growth was driven by strong growth in its Asian operations and improved margins following the deconsolidation of its U.S. business, the company said Thursday in a disclosure to the stock exchange.
Second-quarter sales increased 10 percent to $234.9 million, while gross profit rose 37 percent to $80.4 million.
“Our excellent results demonstrate the underlying strength and potential of our Asian business. With DMPL’s deconsolidation and complete write-down of its U.S. investment and other assets, we have a clear path forward,” said Joselito Campos Jr., DMPL and DMPI chief executive.
Barring unforeseen circumstances, DMPL expects to continue its trajectory of profitable growth in the second half of the year.
“The 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,” the company said.
The company’s domestic subsidiary Del Monte Philippines Inc. (DMPI) delivered strong growth with second quarter net income up 63 percent to $32.5 million while sales climbed 12 percent to $226.7 million.
The domestic growth was driven by strong demand for packaged pineapple and mixed fruits.
For the first half of fiscal year 2026, DMPI achieved sales of $423.3 million, up 10 percent, and a net profit of $56.3 million, up by 42 percent.
To further strengthen its financial position and fuel future growth, DMPL said its management is actively engaged in strategic capital initiatives at the DMPI level.
These include improving cash flow, optimizing working capital efficiency, and ensuring DMPI is adequately capitalized to execute its ambitious growth plans.
“We are proactively working on capital initiatives at the DMPI level to enhance our financial flexibility as we invest in growth,” Campos said.
