Del Monte Pacific (D03) Q4 2026 earnings summary

Executive summary

• Leadership transition in April 2026 set new strategic priorities focused on financial recovery.

• Achieved strong growth in Q4 FY2026, with sales up 11% to US$213.7m, driven by international and Philippine markets.

• FY2026 turnover reached US$896.1m, up 13.5% year-over-year, with robust performance in both the Philippines and international markets.

• Net profit for Q4 FY2026 rose 3.5x to US$10.1m (excluding prior year one-offs), reflecting improved sales and margins.

• U.S. business deconsolidated effective 1 May 2025; results now reflect continuing operations.

Financial highlights

• Q4 FY2026 gross profit increased 25.2% to US$71.3m; gross margin improved by 3.7 ppts to 33.4%.

• FY2026 EBITDA rose 26.2% to US$181.1m; gross margin for the year expanded to 33.2%.

• FY2026 net profit (excluding prior year gain) was up 6x year-over-year to US$48.4m.

• Net debt reduced to US$977m from US$1.034bn; cash flow from operations was US$65.2m, lower due to higher investment in pineapple and inventory.

• FY2026 revenue was US$896m, a 13.5% increase versus last year.

Outlook and guidance

• Profitability expected to continue in FY2027, with focus on operational discipline amid external headwinds such as the US-Iran war.

• Priorities include mitigating El Niño impact, productivity improvements, cash flow protection, and supply chain resilience.

• Plans to launch new products and expand in growth channels in the Philippines; maintain international leadership in fresh pineapple.