Del Monte Pacific (D03) Q1 2026 earnings summary

Executive summary

• Continuing-operations turnover rose 12.9% year-over-year to US$203.7M, driven by growth in the Philippines and international markets.

• Net profit attributable to owners increased to US$5.5M from US$0.4M in the prior-year quarter.

• U.S. operations were deconsolidated effective 1 May 2025; Q1 results exclude the business.

Financial highlights

• Gross profit increased 32.8% to US$66.1M; gross margin expanded to 32.5% from 27.6%.

• EBITDA rose 10.7% to US$37.3M; operating profit increased 38.5% to US$35.9M.

• Net debt from continuing operations decreased 5.4% to US$1,020.8M.

• Operating cash flow rose 76.6% to US$76.8M from US$43.5M.

• Capital expenditure increased 61.9% to US$43.4M.

Outlook and guidance

• FY2026 profitability is expected, barring unforeseen circumstances.

• Priorities include expanding Philippine consumer reach and channels, maintaining North Asian fresh pineapple leadership, and improving C74 pineapple productivity by over 15% year-over-year.

• Product launches, productivity gains, proactive cost control, waste reduction and lower inventory write-offs remain priorities.