Link: https://links.sgx.com/1.0.0/corporate-announcements/OZHY353DY4X9N060/be66f83e9641f4ff7d138508853ea9d8b648f93433453defe9227e8bccf6da90

Summary:

• Q1 FY2026 sales rose 13% year-on-year to US$203.7 million, with significant growth in the Philippines and international markets.

• Net profit jumped to US$5.5 million from US$0.4 million, driven by higher sales and expanded gross margin (32.5% vs. 27.6% prior year), aided by better pricing, increased yield, and cost improvements.

• Operating cash flow increased to US$76.8 million from US$43.5 million last year, strengthening liquidity.

• The Philippine market saw sales of US$88.4 million (up 10% in peso, 15% in USD), led by beverages, culinary essentials, and packaged fruits, supported by functional health campaigns and new product launches.

• International sales grew 6% to US$97.2 million, with higher fresh pineapple sales in China and Japan; S&W became the leader for exported pineapples in North Asia.

• Key priorities: reinforce market leadership in core categories, expand new products and channels, maintain international leadership in fresh pineapples, improve yield and productivity, and raise equity to strengthen the capital structure.

• Barring unforeseen circumstances, the company expects profitability for FY2026.

• Del Monte Philippines was honored with the 2025 Kapatid Award on Innovation for sustainability and digital transformation in agriculture.