Axelum Resources Corp., a leading coconut products trader, has reported a significant operational rebound in 2024, driven by rapidly increasing demand for plant-based products, expanded commercial applications, and emerging market trends. The company projects record volumes across most of its core product categories, signaling a bright future for the business after a challenging 2023.
In a statement, Axelum president and COO Henry J. Raperoga attributed the turnaround to its strategic focus on capturing new growth opportunities, while positioning itself to benefit from long-term macroeconomic conditions favorable to the industry. “We’ve identified unique opportunities that will propel us into a new era of growth,” Raperoga said. “For 2025, we will concentrate on executing our strategy and enhancing operational efficiencies to maximize value generation.”
After a difficult 2023, when Axelum reported a net loss of P818.03 million, down from a profit of P983.51 million the previous year, the company is now poised to capitalize on favorable industry dynamics. The global coconut products sector is expected to experience sustained demand, upward pricing trends, and tight supply conditions in 2025, giving Axelum a strategic advantage as it navigates supply volatility driven by climate variability.
Axelum’s proactive initiatives include the commissioning of a new coconut water filling line, increasing production capacity by more than 30 percent annually. Additionally, the company secured a multi-year renewal agreement with Vita Coco, the world’s largest coconut water brand, solidifying one of its fastest-growing revenue streams for the next decade. To bolster manufacturing and distribution capabilities, Axelum has also upgraded key infrastructure, including new equipment for improved yields and expanded warehouse capacity.
The company has expanded its raw material sourcing areas to ensure consistent availability of fresh coconuts, further reinforcing its supply chain resilience. Looking ahead, Axelum plans to focus on scaling its institutional business while tapping into untapped potential in both domestic and international consumer markets.
“With our refreshed strategic plan, we are positioned to realize significant growth across all sectors of our business,” Raperoga said. “Our goal is clear: to leverage these strong market conditions and continue enhancing value for our stakeholders.”
With the coconut products industry set to thrive in the coming year, Axelum’s comprehensive strategy and operational enhancements position the company for a robust 2024 and beyond.
