Fruitas extends share buyback program by another year

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February 3, 2026 | 12:00am

MANILA, Philippines — Fruitas Holdings Inc. of businessman Lester Yu is extending by another year its share buyback program aimed at enhancing shareholder value.

Fruitas said its board approved a 12-month extension of the buyback program from the initial term of one year.

The program will now be up to Feb. 3, 2027, from the original end of Feb. 3, 2026.

The remaining amount allocated for the company’s buyback program is P84.79 million as of Jan. 30, 2026.

Fruitas will use internally generated funds to finance the buyback program, which will not involve any active and widespread solicitation from the stockholders and will be implemented in the open market through the trading facilities of the Philippine Stock Exchange.

Among the objectives of the share buyback program is to manifest confidence in the company’s value and prospects through the repurchase of the common shares and through the return of a portion of the firm’s capital to its shareholders.

Fruitas said the share buyback program would not affect any of the company’s prospective and existing projects and investments.

The company’s board has delegated Yu and its chief financial officer and treasurer Rushell Salvador to supervise and oversee the share buyback program.

Yu, president and CEO of Fruitas, earlier told The STAR that the company expects mid-to-high single digit growth in both revenue and profit for 2025.