Del Monte Pacific (D03) Q4 2025 earnings summary

Executive summary

• DMFHL filed for Chapter 11; U.S. operations were classified as discontinued and deconsolidated effective 1 May 2025.

• A US$703.5 million impairment fully wrote down U.S. assets; deconsolidation reduced total liabilities by US$1.5 billion.

• Continuing Operations returned to FY2025 profitability, with focus shifting to Asian and international markets, led by DMPI.

Financial highlights

• Continuing Operations FY2025 sales rose 11.1% to US$789.5 million; EBITDA increased 36% to US$140.3 million and net profit was US$10.9 million versus a US$24.9 million loss in FY2024.

• 4Q FY2025 sales rose 5.4% to US$191.9 million; net profit was US$5.7 million versus a US$7.0 million loss a year earlier.

• FY2025 gross profit rose 30.1% to US$224.0 million; full-year gross margin reached 28.4% from 24.2%.

• FY2025 operating cash flow increased to US$346.5 million from US$153.8 million.

• Discontinued Operations recorded a FY2025 net loss of US$892.4 million; 4Q sales fell 12% to US$364.8 million and quarterly net loss was US$787.8 million.

Outlook and guidance

• FY2026 profitability from Continuing Operations expected, barring unforeseen circumstances, primarily driven by DMPI.

• Priorities include reinforcing Philippine market leadership, expanding products and channels, and maintaining leadership in North Asian fresh pineapples.

• Target productivity improvement of over 15% for C74 pineapple versus FY2025; cost priorities include waste reduction and avoiding inventory write-offs.

• Equity raising is a priority to address the capital deficit following U.S. impairments.