Del Monte Pacific Delivers 10% Sales Growth and Sevenfold Profit Jump in 2Q FY2026
Link: https://links.sgx.com/1.0.0/corporate-announcements/UC1JIPXGQZEJHRWZ/f5a068e6fe9d849be3feabda1be2929425cf88755fc49d4dd05df3a5dd60fe30
Summary:
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Sales from continuing operations rose 10% to US$234.9 million in 2Q FY2026, with first-half sales up 11% to US$438.6 million.
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Gross profit climbed 37% to US$80.4 million, expanding gross margin by 660 basis points to 34.2%, while net profit surged to US$16.8 million, more than seven times the prior year’s level.
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Core Asian unit Del Monte Philippines, Inc. drove performance with 12% higher quarterly sales of US$226.7 million and a 63% jump in net profit to US$32.5 million.
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Fresh pineapple exports to international markets grew 23%, reinforcing Del Monte’s position as leading imported pineapple supplier in North Asia with a 51% share.
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Net debt fell to US$994.9 million and DMPI’s net debt/EBITDA improved to 1.8x, as the group sharpened capital management following deconsolidation of its US business.