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Del Monte net loss deepens to US$34.2 mil for 1QFY2025

Ashley Lo
Ashley Lo • 2 min read
Del Monte net loss deepens to US$34.2 mil for 1QFY2025
Earnings per share also fell to a loss of 1.76 US cents in 1QFY2025 from a loss of 0.67 US cents in the same period last year. Photo: Del Monte
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Singapore Exchange (SGX) Mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific (SGX:D03) Limited (DMPL) has reported a loss of US$34.2 million ($44.6 million) for 1QFY2025 ended July 31, as compared to a loss of US$13.1 million in 1QFY2024. 

Earnings per share also fell to a loss of 1.76 US cents in 1QFY2025 from a loss of 0.67 US cents in the same period last year. 

For the period, the group generated a net loss on unfavourable results from Del Monte Foods, Inc (DMFI) and increased interest expenses. That said, the group says that on a q-o-q comparison, the net loss was reduced by more than half as compared to a loss of US$78.6 million in 4QFY2024. 

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