Del Monte Pacific widens losses

Del Monte Pacific Ltd. (DMPL), a Singapore and Philippine-listed company, widened its losses in the first three quarters of its fiscal year 2025 primarily due to the underperformance of its US subsidiary.

- By RICHMOND MERCURIO

DMPL incurred a net loss of $92.2 million during the nine-month period of its fiscal year ending on April 30, 2025, higher than the $50.6 million net loss recorded in the same period the previous fiscal year.

Group sales improved by three percent year-on-year to $1.9 billion, with Del Monte Philippines Inc. (DMPI) contributing $582 million.

DMPL said the 13-percent higher sales in DMPI for the period offset the two-percent decline in sales of US subsidiary, Del Monte Foods Corp. II Inc. (DMFC).