Net sales for the quarter rose by 6.1% y-o-y to US$124.8 million due to a favourable mix of pricing and volume gains, which saw higher net sales for Indonesia and Delfi’s regional markets. Net sales for the 9MFY2025 grew by 1.6% y-o-y to US$384.4 million.
Analysts from CGS International and DBS Group Research have upgraded Delfi Limited to “hold” from “reduce” and “fully valued” respectively. Both brokerages have also given the Mainboard-listed confectioner higher target prices after the company reported a “surprisingly strong” set of results for the 3QFY2025.
For the three months ended Sept 30, Delfi’s ebitda rose by 16.3% y-o-y to US$10.2 million ($13.3 million). That said, the group’s 9MFY2025 ebitda still fell by 17.1% y-o-y to US$34.5 million as its gross profit margin fell due to a weaker Indonesian rupiah. The group also saw higher promotion spending for its own brands and lower margins from its agency brands.
