Alliance Select Foods International Inc. posted a third straight year of revenue growth in 2025, but profitability remained under strain as cost pressures and shifting market dynamics weighed on margins.
The listed tuna processor reported consolidated net revenues of USD78.1 million, up 7.9 percent from USD72.5 million in 2024, driven largely by export expansion and new product lines. Growth, however, was partly offset by weaker co-packing activity and lower volumes in its frozen loins segment, where competition from China and Ecuador intensified.
Despite the top-line gains, ASFII narrowed its net loss to USD 1.8 million from USD3 million a year earlier. Gross profit fell to USD5.9 million from USD8.04 million, reflecting higher raw material costs, rising labor and overhead expenses, and a less favorable product mix. Interest expenses also climbed, peaking in the fourth quarter and further squeezing margins.
The numbers highlight a familiar tension in the global seafood trade. Volume growth remains achievable, but profitability is increasingly dictated by input costs and competitive pricing pressures. ASFII’s frozen loins business, once a key revenue pillar, is now facing margin compression as lower-cost producers gain ground.
Still, the company is finding pockets of resilience. Canned and pouch segments delivered solid growth, while the domestic business posted robust gains, signaling a potential shift toward more stable, higher-margin channels.
Chief Executive Officer Jeoffrey P. Yulo said the company is working to address operational headwinds and improve its product mix to restore profitability. He noted that 2026 is shaping up to be another challenging year, with elevated fish and transport costs alongside uneven global demand.
For ASFII, the path forward appears to hinge on rebalancing its portfolio and leaning into value-added segments, as the industry grapples with cost volatility and intensifying regional competition.
