DMPL net profit soars to $48.4 million

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July 1, 2026 | 12:00am

MANILA, Philippines — Singapore and Philippine-listed Del Monte Pacific Ltd. (DMPL) saw its earnings soar for the fiscal year ended April 30, 2026, on the back of stronger sales, gross margin expansion and improved operating income.

DMPL said its net profit, which excluded the US write-down and India share swap gain, amounted to $48.4 million during the year, a significant jump from the previous year’s $8 million.

Sales reached $896.1 million, 13.5 percent higher than the $789.5 million in the prior year, driven by strong growth in international exports of fresh and packaged pineapple products and higher sales from the Philippines.

The company said the Philippine market generated sales of $397.8 million, up by 7.9 percent year-on-year in peso terms and 7.5 percent in dollar terms, driven by higher sales across all key categories, favorable pricing and sustained demand across general trade, modern trade and food service channels.

DMPL sustained market leadership across key categories in the Philippines, growing shares in spaghetti sauce and packaged fruit.

International sales, meanwhile, expanded by 15.6 percent to $417 million, fueled by robust demand for fresh pineapple in China, Japan and the Middle East.

The company said it was able to sustain its market leadership for fresh pineapple in North Asia, achieving a 55-percent share.