Del Monte Pac Last:0.088 -

DelMontePac

Trading Halt Spore side

Everyday ( Date: 17-Sep-2025 09:48) Posted:

https://business.inquirer.net/547460/pse-suspends-del-monte-trading

Everyday ( Date: 17-Sep-2025 09:44) Posted:

The parent Co in Philippines stock suspended due to delay in reporting financial report. The Singapore side is ok.

https://business.inquirer.net/547460/pse-suspends-del-monte-trading

Everyday ( Date: 17-Sep-2025 09:44) Posted:

The parent Co in Philippines stock suspended due to delay in reporting financial report. The Singapore side is ok.

Quote another forum member :

" Del Monte Pacific separated from its failed US subsidiary, Del Monte Foods (DMF), on May 1, 2025, after DMF filed for Chapter 11 bankruptcy protection in June 2025. The US subsidiary' s restructuring led to Del Monte Pacific deconsolidating it from its accounts due to a loss of control. This significant event resulted in Del Monte Pacific taking large financial write-downs for the fiscal year ended April 30, 2025, but the parent company' s other operations, particularly in Asia, remain strong and saw profits in its first quarter of fiscal year 2026. "

In short, the bashed down price has discounted the US loss but did not take into account the good results from its Asia Pacific operations just reported.
So what goes down has to go up and vice versa..... I would think this is just the beginning of the recovery for the stock though they mention they need to raise capital

wbig819 ( Date: 11-Sep-2025 16:20) Posted:

I don' t quite understand. Their US unit filed for Chapter 11, and now the stock price is performing better. Can someone explain the logic?

Del Monte Pacific separated from its failed US subsidiary, Del Monte Foods (DMF), on May 1, 2025, after DMF filed for Chapter 11 bankruptcy protection in June 2025. The US subsidiary' s restructuring led to Del Monte Pacific deconsolidating it from its accounts due to a loss of control. This significant event resulted in Del Monte Pacific taking large financial write-downs for the fiscal year ended April 30, 2025, but the parent company' s other operations, particularly in Asia, remain strong and saw profits in its first quarter of fiscal year 2026.

Happy with the jump today. Sold off. Time to eat loss and move on. Has potential though.

SmallSmall ( Date: 29-Jul-2025 09:28) Posted:

This one I like.
I still think it has capitulated and will be a multi bagger given its Brand name.
Vested

Jiyaji ( Date: 28-Jul-2025 10:27) Posted:

I believe this will hit ~0.085 post the results on 31/7.

I don' t quite understand. Their US unit filed for Chapter 11, and now the stock price is performing better. Can someone explain the logic?

Short covering?

SmallSmall ( Date: 11-Sep-2025 16:09) Posted:

I like this one too. May have capitulated ....
Today release results and it is up 26% $0.108 +$0.022
A new chapter begins where all bad news are out !

I like your optimism. Salute

Everyday ( Date: 11-Sep-2025 12:27) Posted:

Now 10.8c at 12pm. 11 Sep.
Yesterday 8.5c.
Dec 2024 was 13c
Dec 2023 was 34c
Plenty of room for improvement !

Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit

This is due to higher sales from both the company&rsquo s domestic market in the Philippines and international markets

[SINGAPORE] Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31, 2025, compared with a net loss of US$36.7 million a year earlier.

The previous year&rsquo s corresponding results took into account massive losses by its US unit, Del Monte Foods Holdings, which led it to file for Chapter 11 bankruptcy in June this year.

Del Monte Pacific has deconsolidated its US subsidiary.

Excluding discontinued operations, Q1 net profit posted a jump of about 15 times to US$5.5 million, from US$368,000 in the year-ago period.

This was due to higher sales from both the domestic market in the Philippines and international markets, said the company in a bourse filing on Wednesday (Sep 10). Del Monte Pacific is dual-listed on the Singapore Exchange and the Philippine Stock Exchange.

The Philippine market delivered US$88.4 million in Q1 sales, up 14.9 per cent year on year, driven by strong demand across beverages, packaged fruits and culinary essentials.

Del Monte Pacific officially deconsolidated its failed US subsidiary on May 1, 2025, following the unit&rsquo s voluntary filing for Chapter 11 restructuring that year.

Gross profit for the quarter grew 32.8 per cent to US$66.1 million, from US$49.8 million previously. Meanwhile Q1 turnover rose 12.9 per cent to US$203.7 million, from US$180.4 million.

Earnings per share stood at US$0.028 for the quarter, up from the previous year&rsquo s US$0.002.

The company declares dividends based on full-year results. The last dividend was declared in July 2023, based on FY2023 results, and paid on Jul 25, 2023. No dividend was declared for FY2024 and FY2025 due to the company&rsquo s net loss position.

The company booked US$76.8 million in operating cash flow, compared with US$43.5 million the year prior. This reflected stronger underlying profitability, said the company.

International sales grew by 6.4 per cent to US$97.2 million, driven by higher fresh pineapple sales in China and Japan, supported by an improved product mix and better pricing. Increase in fresh-cut packs in China also boosted demand for the company&rsquo s pineapple.

Said Luis Alejandro, Del Monte Pacific&rsquo s chief operating officer: &ldquo Our strong first-quarter performance underscores Del Monte&rsquo s ability to deliver consistent growth by balancing innovation, health and nutrition relevance and affordability...

&ldquo We remain sharply focused on our priorities, which include strengthening our balance sheet and ensuring the long-term stability of the business.&rdquo

Barring unforeseen circumstances, the company expects to be profitable in FY2026.

Del Monte Pacific Reports Strong 1Q FY2026 Results, Driven by Improved Sales and Profitability

Strong Momentum DMPL sustained its growth trajectory in the first quarter with sales of US$203.7 million, up strongly by 13%, on higher sales in the Philippines and international markets. Net profit jumped to US$5.5 million from US$0.4 million driven by improved sales and margins. Margin Expansion Gross margin in the first quarter significantly expanded to 32.5% (vs. 27.6% prior year) due to higher volume, better pricing, lower cannery cost from improved pineapple recovery, and lower plantation cost due to higher yield. Yield for the C74 variety increased considerably due to an earlier rehabilitation programme, aided by favourable climate.

https://links.sgx.com/1.0.0/corporate-announcements/OZHY353DY4X9N060/be66f83e9641f4ff7d138508853ea9d8b648f93433453defe9227e8bccf6da90

Anyone following or having predictions on this scrip - 1Q results AOH today.

What is the NAV after deconsolidation? And the debt level? Any liquidity / insolvency issue? Seems like after deconsolidation, there is still huge current liabilities., including loans.

Del Monte Pacific reports net profit of US$5.7 mil for fourth quarter, after deconsolidating US operations from May 1

https://www.theedgesingapore.com/capital/results/del-monte-pacific-reports-net-profit-us57-mil-fourth-quarter-after-deconsolidating

Time to leave the past behind and focus on the profitable Asian markets.
Noe trading day high....the road to recovery continues.
First target $0.10 first .....

Joelton ( Date: 01-Aug-2025 11:12) Posted:

Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse

FY2025 net loss of US$834.4m million includes a full impairment of US$703.5 million from its failed subsidiary

[SINGAPORE] Del Monte Pacific : D03 -4.3%, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss of US$742.2 million for its fourth quarter ended Apr 30, 2025, bringing its full-year net loss for FY2025 to US$834.4 million.

This came on the back of US$787.8 million in losses booked from the group&rsquo s discontinued operations, including a &ldquo full impairment of related current and long-term assets&rdquo totalling US$703.5 million from its failed US subsidiary, Del Monte Foods Holdings (DMF).

DMF filed for Chapter 11 restructuring in June.

Del Monte Pacific on Jul 7 said that it expected to post a capital deficit on its balance sheet due to the write-downs linked to the US unit&rsquo s bankruptcy.

The group in a bourse filing on Thursday noted that it has not guaranteed any loans of DMH or its subsidiaries it added that it &ldquo does not believe it has liability&hellip with respect to (their) financial obligations arising out of its voluntary Chapter 11 filing or otherwise&rdquo .

No dividend was declared for FY2025, as was the case a year earlier &ldquo due to the net loss position&rdquo , the group said.

Excluding its discontinued operations, Del Monte Pacific reported a net profit of US$5.7 million for Q4, reversing a net loss of US$7 million a year earlier.

The turnaround was driven by stronger sales and improved margins, it said.

The group also reported a 5.4 per cent year-on-year increase in sales to US$191.9 million for the quarter, supported by higher sales in the Philippines.

Del Monte Foods says in its statement that the restructuring support agreement contemplates the company undertaking a going-concern sale process for all or substantially all of its assets.

Del Monte Foods files for bankruptcy SGX-listed parent has over US$700 million exposure to US unit

Gross margin increased to 29.7 per cent, from 25 per cent in Q4 FY2024.

This was attributed to a favourable sales mix, contributions from the group&rsquo s S& W Deluxe pineapple product, better pricing and higher Philippine pineapple juice sales.

Earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 18 per cent year on year to US$32.7 million.

For the full FY2025, Del Monte&rsquo s sales for its continuing operations rose 11 per cent year on year to US$789.5 million, and Ebitda increased 36 per cent to US$140.3 million.

Net profit came in at US$10.9 million, compared with a net loss of US$24.9 million for FY2024.

Looking ahead, Del Monte Pacific said that it will focus on its continuing operations, comprising its Asia-focused and international businesses, which will now form the basis for financial reporting and strategic growth.

It believes that this will &ldquo sharpen its strategic efforts on growing its resilient markets outside the US&rdquo .

Del Monte Pacific expects to be profitable from FY2026, &ldquo barring unforeseen circumstances and with the US business deconsolidated&rdquo , and noted that this will be driven by its Philippine subsidiary, Del Monte Philippines.

The group added that the deconsolidation reduced the group&rsquo s total liabilities by US$1.5 billion as at May 1, 2025.