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Axelum gears up for aggressive growth
The Philippine Star
|January 15, 2025
Axelum Resources Corp. is gearing up for aggressive growth following a turnaround in 2024 that was driven by expected record-high shipped volumes.
Axelum, which is 34.8-percent owned by a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp., said it is on track to register an all-time high shipped volumes in 2024.
The listed integrated manufacturer and exporter of premium coconut products is anticipating record delivered volumes for most of its core product segments last year primarily due to the rapidly-growing mainstream demand for plant-based eating, expanding commercial uses, innovative non-food applications and other emerging market trends.
Axelum reported a net income of P339 million from January to September 2024, a turnaround from a net loss of P428 million in the same period in 2023. The company has yet to release its full year 2024 financial results.
For 2025, Axelum said that it is aiming for "next-level growth."
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