Del Monte Pacific Limited (DMPL) posted a net profit of US$16.8 million for the quarter ended 31 October 2025, jumping more than sevenfold year-on-year as robust demand in the Philippines and higher fresh-pineapple exports offset the impact of the earlier US deconsolidation.
Quarterly sales from continuing operations increased 10 % to US$234.9 million, while gross profit climbed 37 % to US$80.4 million, expanding the gross margin by 660 basis points to 34.2 %. The company did not declare a dividend for the period.
Del Monte Philippines, Inc. (DMPI) remained the growth engine, contributing US$226.7 million in second-quarter revenue—up 12 % in Philippine-peso terms—and a 63 % rise in net profit to US$32.5 million. Domestic Philippine sales advanced 9 %, led by packaged pineapple and mixed-fruit categories, whereas fresh-pineapple exports grew 23 % and reinforced the group’s 51 % share of the imported-pineapple market in North Asia.
Group net debt fell to US$994.9 million following the May 2025 deconsolidation of the US business, while DMPI’s net-debt-to-EBITDA ratio improved to 1.8 times from 2.2 times a year earlier.
Management is pursuing capital initiatives at the DMPI level to bolster cash flow and fund expansion, focusing on working-capital efficiencies and balance-sheet flexibility. Ahead of DMPI’s centennial in January 2026, the subsidiary also secured a “Great Place to Work” certification after achieving a 98 % employee-survey participation rate.
Chief executive Joselito D. Campos Jr. said the latest results underscore the underlying strength of the Asian operations and provide “a clear path forward” after the US deconsolidation. He noted that ongoing capital-structure work is intended to support further investment in market leadership, productivity improvements and product innovation.
Barring unforeseen events, DMPL expects to maintain profitable growth in the second half of FY2026, with priorities that include defending share gains in the Philippines, sustaining fresh-fruit leadership in North Asia and continuing to streamline operations.