Del Monte Pacific Limited said Thursday its net income reached $10 million in the third quarter of fiscal year 2026, a fourfold increase from $2.5 million recorded a year earlier.
The company attributed the surge to stronger sales across Philippine and international markets.
Quarterly sales rose 20 percent to $243.8 million from $203.4 million. The company said in a disclosure to the stock exchange the growth was supported by higher volumes, improved pricing and a better product mix.
For the first nine months of fiscal year 2026, the group posted a net profit of $32.3 million, representing a more than fivefold increase from $5.15 million in the same period last year. Nine-month revenue reached $682.4 million dollars, up 14.2 percent year on year.
In the Philippines, Del Monte Pacific said sales reached $112.3 million in the third quarter. This represented a 6-percent rise in peso terms, led by stronger demand for beverages, culinary products, dairy and snacks.
The company said its Philippine unit continued to lead several categories, including packaged pineapple, mixed fruit and spaghetti sauce.
“The group remains focused on protecting and growing the Asian operations to drive long-term growth and profitability,” the company said.
International sales also posted strong growth, rising 34 percent to $110.8 million in the quarter on higher volumes of fresh pineapple, packaged products and not-from-concentrate juice.
Fresh pineapple sales remained robust, particularly in North Asia, with strong demand in China and Japan.
Despite the improved performance, the company said it continues to work on strengthening its balance sheet after write-downs related to its former US business.
It said that as of Jan. 31, 2026, the group had net capital deficit of $589.9 million, while current liabilities exceeded its current assets by $769.4 million.
The company said it is pursuing capital-raising initiatives to address the deficit and reduce leverage. “Barring unforeseen circumstances, the company expects to sustain its profitability in FY2026,” it said.
