Del Monte Pacific profit soars on strong sales in PHL, int’l markets

DEL MONTE PACIFIC Ltd. (DELM) said its net profit for the second quarter of fiscal year 2026 surged nearly seven-fold to $16.8 million from $2.3 million a year ago.

In a press release on Monday, the food and beverage producer said net profit for the first half of fiscal year 2026 also climbed to $22.3 million from $2.7 million last year, backed by stronger sales and expanded margins.

Sales in the same period rose 11% to $438.6 million, driven by a 16% increase in fresh pineapple sales and 10% growth in the Philippines.

“Sales in the Philippines in the second quarter rose 9% in peso terms to $121.7 million on higher volume and better pricing,” the company said.

Growth in Philippine sales was driven by strong demand for packaged pineapple and the expanded, year-round use of mixed fruits. Nutrition-focused initiatives promoting pineapple as a daily superfruit helped increase consumer preference for natural, immunity-boosting options, it noted.

International sales increased 7% to $90.6 million, driven by higher volumes of fresh pineapple, NFC juice, and frozen pineapple.

According to the company, the fresh fruit segment led this growth, expanding 23% due to continued strong sales of the Deluxe variety and better pricing. NFC juice sales rose 49%, mainly from increased demand in China and Europe, while frozen pineapple sales increased 21% on the back of a favorable product mix and firm pricing.

The Group introduced the Del Monte Halo-Halo Mix in Australia last September.

At the local bourse on Monday, DELM shares closed 21.56% higher at P3.89 apiece. — Alexandria Grace C. Magno