| Latest Forum Topics / Del Monte Pac Last:0.088 -- |
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Rare Gem,Proposed Special 7.5 cents Dividend
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treetops
Elite |
17-Nov-2025 14:56
Yells: "Moments Today, Memories Tomorrow!" |
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Trade with care. Current price 0.103 abit on the high side. |
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tofudidi
Supreme |
17-Nov-2025 14:21
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Hope to kill Shortist
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SmallSmall
Supreme |
17-Nov-2025 13:59
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Depending on how many have shorted today. If have not covered $0.13 also possible later
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tofudidi
Supreme |
17-Nov-2025 13:34
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Long green candle coming. Watch out for 110 | ||||
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Spider456
Senior |
17-Nov-2025 13:08
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can chiong 110 ? | ||||
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tofudidi
Supreme |
17-Nov-2025 11:45
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DMPL 2Q FY2026 Highlights: &bull Net Profit: Increased seven-fold to US$16.8m from US$2.3m reflecting strong operational efficiency and market demand &bull Total Sales: Grew 10% to US$234.9m driven by both domestic Philippines and international businesses, particularly fresh pineapple exports &bull Philippines Sales: Rose 9% in peso terms and 7% in US dollar terms to US$121.7m &bull International Sales: Grew 7% to US$90.6m fuelled by robust exports of fresh pineapple &bull Market Leadership: Increased market share in North Asia to 51% for imported pineapples, cementing its leading position as the preferred fresh pineapple supplier &bull Gross Margin: Improved by almost 700 basis points to 34.2% from 27.6% on higher sales and lower production cost |
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tofudidi
Supreme |
17-Nov-2025 11:21
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Coming ?
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tofudidi
Supreme |
17-Nov-2025 10:49
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bottomed out stock... once clear 100 shortist will be anxious  
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tofudidi
Supreme |
17-Nov-2025 09:41
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this one shortist easily get squeezed...
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bernardc
Elite |
17-Nov-2025 09:30
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Delmonte breaking out of its consolidation...making great profits now..no 20 cts no sale
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SmallSmall
Supreme |
17-Nov-2025 09:09
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SOLID SECOND QUARTER FY2026 PERFORMANCE Del Monte Pacific Limited (the &ldquo Company&rdquo ) is currently working on certain strategic initiatives to strengthen its capital base and support growth plans. As part of these initiatives and to keep concerned stakeholders and all shareholders equally informed, the Company believes it is appropriate to provide this interim financial update summarising recent progress and performance trends for its second quarter FY2026 ending October 2025. The MD& A and investor presentation will be released on 10 December 2025. All comparisons below are versus the same period last year. DMPL 2Q FY2026 Highlights: &bull Net Profit: Increased seven-fold to US$16.8m from US$2.3m reflecting strong operational efficiency and market demand &bull Total Sales: Grew 10% to US$234.9m driven by both domestic Philippines and international businesses, particularly fresh pineapple exports &bull Philippines Sales: Rose 9% in peso terms and 7% in US dollar terms to US$121.7m &bull International Sales: Grew 7% to US$90.6m fuelled by robust exports of fresh pineapple &bull Market Leadership: Increased market share in North Asia to 51% for imported pineapples, cementing its leading position as the preferred fresh pineapple supplier &bull Gross Margin: Improved by almost 700 basis points to 34.2% from 27.6% on higher sales and lower production cost |
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Joelton
Supreme |
07-Oct-2025 10:51
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Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debt
The company is also considering asset disposals and engaging bankers on its loans
[SINGAPORE] Del Monte Pacific could raise between US$500 million and US$600 million in a share placement that the company is exploring, as it races to reduce its debt and address a capital deficit following the collapse of its US business.
The fruit giant is considering an equity raise through a private placement at its unit, Del Monte Philippines Inc (DMPI), according to minutes from its Sep 29 annual general meeting (AGM), released on Monday (Oct 6) evening.
The update follows a September Bloomberg report that the company is mulling an equity raise of up to US$800 million.
Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, was hit by nearly US$800 million in losses from the bankruptcy of its US business.
Del Monte Pacific still expects to maintain its controlling interest in DMPI after the equity raise, chief financial officer Parag Sachdeva told a shareholder at the AGM.
With the first tranche of the equity raise, Del Monte expects that its debt will be four to five times Ebitda (earnings before interest, taxes, debt and amortisation), the CFO told another shareholder. This would be a reduction from the present debt to Ebitda ratio of seven times.
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The company&rsquo s management further added that the equity raise would reduce financing costs, replacing higher-interest debt &ndash currently averaging 7 per cent &ndash with equity that carries a lower dividend yield.
Del Monte Pacific is also considering asset disposals to reduce debt, and is engaging with its bankers to &ldquo explore options&rdquo on loans. &ldquo These lender banks have been collaborative, and the management team is working closely with them on the matter,&rdquo the minutes indicate.
Investor concerns
One shareholder highlighted that long-term investors suffered substantial losses, and &ldquo expressed strong concerns&rdquo that the acquisition of the US business led to high debt levels.
In response, Del Monte Pacific&rsquo s chief operating officer Luis Alejandro &ldquo acknowledged that the current situation was painful for the management team, and he emphasised the team&rsquo s commitment and efforts, stating that they had given their best from the beginning&rdquo .
Another shareholder expressed disagreement with the variable bonus paid out to executive directors, in light of the company&rsquo s heavy losses.
In response, lead independent director Elaine Lim noted that DMPI delivered strong results, and that the bulk of the variable bonus is attributed to DMPI&rsquo s performance.
&ldquo She emphasised that the Philippine team has worked hard under challenging conditions and has been fairly compensated. She also stated that, in terms of absolute remuneration, there has been minimal change, reflecting the impact of broader group challenges,&rdquo the minutes show.
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Everyday
Elite |
07-Oct-2025 08:54
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Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debthttps://www.businesstimes.com.sg/companies-markets/del-monte-expects-raise-us500-million-us600-million-private-placement-tackle-debt[SINGAPORE] Del Monte Pacific could raise between US$500 million and US$600 million in a share placement that the company is exploring, as it races to reduce its debt and address a capital deficit following the collapse of its US business. The fruit giant is considering an equity raise through a private placement at its unit, Del Monte Philippines Inc (DMPI), according to minutes from its Sep 29 annual general meeting (AGM), released on Monday (Oct 6) evening. The update follows a September Bloomberg report that the company is mulling an equity raise of up to US$800 million. Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, was hit by nearly US$800 million in losses from the bankruptcy of its US business. Del Monte Pacific still expects to maintain its controlling interest in DMPI after the equity raise, chief financial officer Parag Sachdeva told a shareholder at the AGM. With the first tranche of the equity raise, Del Monte expects that its debt will be four to five times Ebitda (earnings before interest, taxes, debt and amortisation), the CFO told another shareholder. This would be a reduction from the present debt to Ebitda ratio of seven times. B |
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Cadence88
Veteran |
29-Sep-2025 08:09
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are you attending the AGM?
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finjungle
Veteran |
24-Sep-2025 13:35
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Have just received the hard copy of the AR 2025. A loss of a incredible amount of US$892 million.Momumental loss out of all proportion! A NEGATIVE shareholders' EQUITY of US$697 million Unbeliveable buy TRUE. Still a going concern as per the views of all the directors. Most disconcerting
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Everyday
Elite |
24-Sep-2025 12:14
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CLARIFICATION ON MEDIA REPORTS Del Monte Pacific Limited (&ldquo DMPL&rdquo or the &ldquo Company&rdquo ) would like to correct certain inaccurate media reports in the Philippines on the audit disclaimer. The latter pertained only to the U.S. business, Del Monte Foods Holdings Ltd. and its subsidiaries, and had nothing to do with discrepancies in the Company&rsquo s financial statements, nor material variances between the audited financial statements&rsquo (&ldquo FS&rdquo ) higher net income vs. the unaudited FS. Please refer to the Company&rsquo s announcements on the audit disclaimer on 17 and 22 September 2025. In addition, as the Company reported earlier: &bull The deconsolidation of the U.S. business reduced DMPL group&rsquo s liabilities by US$ 1.5 billion. The Company is prioritising raising equity to reduce leverage. &bull DMPL&rsquo s sales and net income in the first quarter ending 31 July 2025 were higher than year ago at US$203.7 million and US$5.5 million, respectively. &bull The Company expects to remain profitable in FY2026 on the strength and momentum of the Philippines and international businesses, driven by Del Monte Philippines, Inc. Please refer to the Company&rsquo s first quarter FY2026 announcement on 10 September 2025 for more details. BY ORDER OF THE BOARD Antonio Eugenio S. Ungson Company Secretary |
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finjungle
Veteran |
19-Sep-2025 11:27
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Thought this is a well managed group. The CFO has always held himself to be most capable at every AGMs but now he fumbled. The Filipinos thought they could best their colonial master at their turf! They should have learnt past lessons better.
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Joelton
Supreme |
19-Sep-2025 11:23
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Del Monte Pacific restates US$443 million loans to non-current status requests PSE trading suspension to be lifted
The company is suspended from trading in the Philippines over late filing of annual report
[SINGAPORE] Del Monte Pacific (DMP) will not have to repay loans of nearly US$443 million in the current fiscal year after reclassifying them as non-current liabilities.
On Thursday (Sep 18), DMP said that it secured a waiver from a few banks on the breach of a debt-equity ratio (DER) covenant.
The Aug 8 waiver states that these banks will not conduct a DER testing for the 2025 and 2026 fiscal years, with the next test set to take place in September 2026. As a result, almost US$443 million of non-current loans that were reclassified as current loans have been reverted to a non-current loan classification.
They were earlier stated as current liabilities as the covenant waivers were obtained from the banks only after the fiscal year ended on Apr 30.
The company, which is listed on Singapore Exchange and the Philippine Stock Exchange (PSE), previously requested an extension to its annual report submission deadline from both bourses. It did not meet PSE&rsquo s extended deadline &ldquo due to the same reasons disclosed by the company (when) requesting the extension&rdquo , it said on Wednesday, and trading of its shares on in the Philippines was suspended.
Independent auditor EY said that the extension was needed due to an inability to obtain sufficient appropriate audit evidence regarding DMP&rsquo s US subsidiary, Del Monte Foods (DMF), which is undergoing Chapter 11 bankruptcy proceedings.
Furthermore, on Thursday, it said that the audit disclaimer in its audited financials from EY would normally constitute an automatic ground for suspension from trading on the PSE, but the company is now appealing for the suspension to be lifted.
In the disclaimer, EY pointed out that DMP had assessed the carrying value of the DMF-related assets held for disposal and recognised impairment losses of US$703 million in 2025.
However, the auditor could not obtain sufficient audit evidence to accurately assess the carrying values of such assets and associated liabilities, the appropriateness of the cited impairment losses and the carrying value of DMP&rsquo s investments in its subsidiaries.
DMP in July announced that it would deconsolidate DMF from its accounts as it had lost control of the US unit.
Thus, DMP on Thursday afternoon filed a waiver request with the PSE to lift its trading halt, pointing out that the audit disclaimer pertains only to discontinued operations at its US unit for the financial year ending Apr 30, 2025.
It added that the consolidated financial statements of the continuing operations are unaffected and that it had already fully impaired its investment and other assets in and relating to DMF.
It also noted that the SGX, where it is primarily listed, did not have a similar automatic delisting policy like the PSE.
The audited figures for DMP&rsquo s operating and net profit were also 39 and 350 per cent higher than the respective unaudited figures. The audited numbers were at US$147 million and US$48.9 million, respectively. The numbers excluded the company&rsquo s US operations.
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Everyday
Elite |
18-Sep-2025 12:58
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Lifting of trading halt after lunch | ||||
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Joelton
Supreme |
18-Sep-2025 10:55
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Del Monte Pacific gets Philippine Stock Exchange suspension after annual report non-submission
It did not meet the bourse&rsquo s extended deadline &lsquo due to the same reasons disclosed by the company (when) requesting the extension&rsquo , Del Monte says
[SINGAPORE] The Philippine Stock Exchange (PSE) suspended trading of shares of Del Monte Pacific (DMP) with effect from Tuesday (Sep 16), as it failed to submit its annual report by an extended deadline.
The dual-listed canned food brand was due to submit its annual report to the Philippine bourse operator on Monday, having on Aug 27 asked the PSE to extend the deadline to Sep 15. It also requested an extension from the Singapore Exchange (SGX).
However, DMP said it could not meet PSE&rsquo s extended deadline &ldquo due to the same reasons disclosed... (when) requesting the extension&rdquo
It previously said that &ldquo consolidation difficulties&rdquo linked to its US-based subsidiary that filed for bankruptcy, Del Monte Foods (DMF), were part of the reason for the extension requests. DMP in July announced that it would deconsolidate DMF from its accounts as it has lost control of the US unit.
The group noted that the audit was taking &ldquo longer than usual to complete&rdquo .
DMP&rsquo s FY2024 annual report indicated that DMF&rsquo s sales of US$1.7 billion accounted for over 70 per cent of DMP&rsquo s group sales. The US unit has recorded significant losses in its last few quarters.
In June, DMP skipped a payment to the US unit&rsquo s creditors as part of a lawsuit settlement tied to a controversial debt restructuring.
Subsequently, the lenders appointed a majority of DMF&rsquo s board members and 25 per cent of DMP&rsquo s stake in the unit was transferred to them.
DMP called for a trading halt on the SGX on Wednesday morning after market open. It shares last closed on Tuesday at S$0.105, down S$0.002 or 1.9 per cent.
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