Del Monte Pacific reported a net profit of US$16.8 million for the second quarter of FY2026, up from US$2.3 million a year earlier. The group said the result reflected operational efficiency and market demand.
Total Q2 sales rose 10 per cent year on year to US$234.9 million, driven by domestic Philippines performance and international trade, particularly fresh pineapple exports. Philippines sales grew 9 per cent in peso terms and 7 per cent in U.S. dollar terms to US$121.7 million. The company noted that "strong demand for packaged pineapple and the expanded year-round use of mixed fruits led the Philippine growth," adding that "nutrition-led initiatives positioning pineapple as an everyday super fruit further strengthened consumer preference for natural, immunity-building options."
© Del Monte
International sales increased 7 per cent to US$90.6 million, supported by higher volumes of fresh pineapple, NFC juice, and frozen pineapple. The fresh fruit segment grew 23 per cent, NFC juice increased 49 per cent due to stronger Chinese and European demand, and frozen pineapple rose 21 per cent due to a favourable product mix.
Gross margin improved to 34.2 per cent from 27.6 per cent in the corresponding period last year, linked to higher sales and lower production costs. The group also reported a 51 per cent market share for imported pineapples in North Asia.
For the first half of FY2026, net profit reached US$22.3 million, compared with US$2.7 million a year earlier. Sales for the six months rose 11 per cent year on year to US$438.6 million, reflecting a 16 per cent increase in fresh pineapple sales and 10 per cent growth in the Philippines business. Gross margin for the half-year was 33.4 per cent, up from 27.6 per cent last year, supported by pricing and reduced production costs due to improved pineapple recovery.
Source: The Business Times
