 Alliance Select Foods International (FOOD) posted US$0.215 million net income after tax (NIAT) in 1Q 2025, 219% higher YoY. NIAT improved despite an 8% decrease in net revenue resulting from lower volume of key products. Gross profit (GP) reached US$1.82 million, 15% higher than in 1Q 2024. The growth was attributed to improved plant utilization and favorable product mix. Operating expenses slightly increased by 3% YoY, due to costs on outside services, taxes and fees. Interest cost increased by 7% because of additional availments of loans for working capital requirements.
FOOD President and CEO Jeoffrey P. Yulo said, “Our numbers are steadily improving, and forecasts are encouraging. We look forward to new challenges and opportunities.” Alliance Select Foods International Inc. is a publicly listed seafood company engaged in tuna processing serving over 20 countries worldwide. |
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