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flag Del Monte Pacific's net profit surged sevenfold in Q2 FY2026, driven by higher sales and improved margins, with strong pineapple demand boosting results.

flag Del Monte Pacific reported a sevenfold increase in second-quarter net profit to $16.8 million for FY2026, driven by higher sales, improved margins, and strong demand for pineapple products. flag Total sales rose 10% to $234.9 million, with growth in both the Philippines and international markets, particularly fresh pineapple exports. flag The company’s gross margin improved nearly 700 basis points to 34.2%. flag For the first half of FY2026, net profit reached $22.3 million, up from $2.7 million, with sales up 11% to $438.6 million. flag Del Monte Pacific expanded its North Asia market share for imported pineapples to 51%. flag The stock rose to a two-month high before easing, and the company plans a private placement to raise $500 million to $600 million to address debt. flag The Philippine Stock Exchange suspension, lifted in September, was related to its bankrupt US subsidiary but did not affect continuing operations.

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