Singapore Exchange Mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific Ltd (DMPL) reported a net profit of US$5.7 million for the fourth quarter ended April 30, 2025, marking a turnaround from a net loss in the same period last year. The improvement follows the deconsolidation of its US operations effective May 1, with future financial reporting to exclude the US business.
For the full financial year (May 1, 2024 to April 30, 2025), the group recorded a net profit of US$10.9 million from continuing operations, also reversing a net loss on the back of stronger sales and improved margins.
Quarterly revenue rose 5.4% year-on-year to US$191.1 million, while gross profit surged 25.1% to US$57 million. The gains were driven by stronger sales in the Philippines, a better product mix, higher S&W Deluxe fresh pineapple sales, and improved pricing across markets.
For the full year, revenue climbed 11.1% to US$789.5 million and gross profit rose 30.1% to US$224 million, supported by growth in both domestic and international markets, along with favorable currency movements.
Operating cash flow stood at US$346.5 million as of April 30, while the net debt/EBITDA ratio improved to 7.4 times due to higher earnings and reduced debt.
US operations impact
Sales from the discontinued US segment fell 12% year-on-year to US$364.8 million in 4QFY2025 amid weaker demand, increased promotional spending, and changing consumer preferences. The group recorded an impairment charge of US$703.5 million, leading to a net loss of US$787.8 million for the quarter from discontinued operations. For the full year, losses from the US segment totaled US$892.4 million.
Del Monte shares closed at 8.9 US cents on July 31, down 0.4 US cents or 4.3%.
