D&L Industries posts P1.95B net income in first nine months of 2025

Specialty food ingredients and oleochemicals giant D&L Industries Inc. saw its net income grow by 8% in the first nine months of 2025 to P1.95 billion from P1.81 billion year-on-year.

In a disclosure to the Philippine Stock Exchange on Wednesday, D&L said the growth in earnings was mainly driven by the resilient volume growth amidst elevated coconut oil prices.

The company posted P41.294 billion in sales, up 40% from P29.482 billion in the same period last year.

“The operating environment remains challenging, with coconut oil prices reaching a new all-time high in the third quarter. At its peak, prices have nearly tripled from the lows recorded just two years ago,” said D&L president and CEO Alvin Lao.

“Despite this, we delivered an 8% earnings growth for the period—driven mainly by healthy volume expansion, which underscores the fundamental strength of our business. While we cannot control commodity price movements, we can control how we navigate these challenges and where we direct our focus and resources,” Lao said.

“In this volatile environment, we continue to stay true to our core—investing in R&D and innovation. We believe these investments will enable us to develop higher-value, more technical, and differentiated solutions for our customers, helping insulate the business from macroeconomic volatility,” he added.

The D&L chief expressed optimism that 2026 will be a better year for its business as it continues to target a 10% profit growth for 2025.

“From what we see, interest rates are coming down, not just in the Philippines, but even in the US, and in other markets as well. That usually has a big impact on the economy, So, from that perspective, 2026 should be better,” Lao said.

“You can see that our exports are continuing to do well. We have a lot more (overseas) customers lined up and we have a lot more plans to continue to grow exports. Just looking at exports alone, revenue grew by 20% (in the first nine months of 2025), gross profits are higher by 22%, and then the blended gross profit margin for exports is 17.2%, which is higher than the domestic blended gross profit market which is 11.4 percent,” he added. — JMA, GMA Integrated News