Del Monte sets sights on growing Asia operations

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March 13, 2026 | 12:00am

MANILA, Philippines — Singapore and Philippine-listed Del Monte Pacific Ltd. (DMPL) is setting its sights firmly on protecting and growing its Asian operations to drive long-term growth and profitability following the deconsolidation of its business in the United States.

For the Philippines, DMPL said immediate key priorities include reinforcing market leadership in beverage, culinary and packaged fruit as well as launching new products in new segments to broaden consumer base.

It also seeks to expand in growth channels of convenience stores, away-from-home, drugstores and schools.

DMPL said subsidiary Del Monte Philippines Inc. continues to perform well with resilient consumer demand, supported by a strong and stable supply chain.

For its international operations, meanwhile, the company intends to maintain market leadership in Fresh MD2 Pineapples across North Asia.

The group also intends to continue divesting its remaining stake in Sundrop Brands Ltd in India as part of its ongoing efforts to optimize capital allocation.

DMPL had deconsolidated its US operations effective May 1, 2025.

For the first nine months of its fiscal year ending in June 2026, DMPL reported a significant jump in net profit to $32.3 million from the prior period’s profit of $5.2 million, supported by higher volume, better product mix and pricing actions implemented in line with inflation.

Sales for the period reached $682.4 million, 14.2 percent higher than the $597.5 million sales recorded the previous year, driven by higher exports of fresh and packaged pineapple products as well as higher sales from the Philippines.

DMPL said its nine-month results demonstrate the growth momentum of the Philippines and international businesses.

“Barring unforeseen circumstances, the company expects to sustain its profitability in fiscal year 2026. However, the path to overall corporate financial health needs to be supported by the successful execution of an equity raise for long-term shareholder value,” the company said.