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Del Monte Pacific's net profit surged sevenfold in Q2 FY2026, driven by higher sales and improved margins, with strong pineapple demand boosting results.
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.
Total sales rose 10% to $234.9 million, with growth in both the Philippines and international markets, particularly fresh pineapple exports.
The company’s gross margin improved nearly 700 basis points to 34.2%.
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.
Del Monte Pacific expanded its North Asia market share for imported pineapples to 51%.
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.
The Philippine Stock Exchange suspension, lifted in September, was related to its bankrupt US subsidiary but did not affect continuing operations.
El beneficio neto de Del Monte Pacific se multiplicó por siete en el segundo trimestre del año fiscal 2026, impulsado por ventas más altas y márgenes mejorados, con una fuerte demanda de piña impulsando los resultados.