After divesting from its unprofitable US operations, Del Monte Pacific Ltd. (DMPL) is focusing on strengthening and expanding its Asian business to drive long-term growth.
The company reported a 526-percent surge in net profit for the first nine months of FY 2026, reaching $32.3 million, with sales up 14.2 percent to $682.4 million, fueled by higher exports of fresh and packaged pineapples and strong domestic demand.
Key priorities include reinforcing market leadership in beverages, culinary, and packaged fruits in the Philippines, launching new products, expanding in convenience stores, schools, and other growth channels, and maintaining leadership in fresh pineapples across North Asia.
DMPL also plans to continue improving pineapple productivity, manage inventory efficiently, reduce leverage from past US asset impairments, and divest its remaining stake in Sundrop Brands Ltd. in India.
The company’s strong performance reflects higher volumes, better product mix, pricing adjustments, gross margin expansion, and lower interest costs, partially offset by unrealized foreign exchange losses due to a weaker Philippine peso.
Source: PhilNews24 | March 13, 2026
DEL MONTE EYES ASIAN MARKET EXPANSION AFTER US DIVESTMENT BOOSTS EARNINGS
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