Del Monte Pacific Limited (DMPL) reported a sharp surge in profit for the second quarter of fiscal year 2026, which began in April, buoyed by strong global demand for fresh pineapple, improved pricing, and major gains in operational efficiency—all while the company advances strategic initiatives to strengthen its capital base and support future expansion.
Net profit soared seven-fold to USD16.8 million from USD2.3 million last year, marking one of the company’s strongest quarterly turnarounds in recent years. Total sales climbed 10 percent to USD234.9 million, driven by solid growth in both the Philippines and international markets.
Philippine sales rose 9 percent in peso terms and 7 percent in USD terms to USD121.7 million, lifted by robust demand for packaged pineapple and the expanded year-round use of mixed fruits. DMPL’s nutrition-led push to position pineapple as a daily “superfruit” further strengthened consumer preference for natural, immunity-boosting options.
International sales increased 7 percent to USD90.6 million, fueled by a 23 percent jump in fresh pineapple exports with strong pricing and an improved product mix. NFC juice volumes surged 49 percent on higher demand in China and Europe, while frozen pineapple sales climbed 21 percent. The group also launched its Del Monte Halo-Halo Mix in Australia in September.
Gross margin improved nearly 700 basis points to 34.2 percent on higher sales and lower production costs.
In the first half of the fiscal year, sales rose 11 percent to USD438.6 million, while net profit jumped to USD22.3 million from USD2.7 million, supported by broad-based margin expansion.
DMPL said it is pursuing capital-strengthening initiatives to support growth across its global fresh fruit, beverages, and packaged foods businesses, with full financial details to be released on December 10.
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