Axelum Resources Nets P138M for Q1 2025

Axelum Resources Corp. (AXLM), the country’s leading fully-integrated manufacturer and exporter of premium coconut food products, discloses its financial and operating performance for first quarter 2025.

Axelum generated sales of P2.2 billion, up 38% from the prior year, driven by higher volume and average selling prices across core product segments. Desiccated coconut, coconut water and coconut milk/cream which collectively accounted for 74% of total revenue, grew 67%, 38% and 64%, respectively. For the period, while the US remains to be its largest export base, Axelum saw increasing contribution from other key markets particularly Europe and Asia, which grew 10% and 16%, correspondingly. At home, domestic sales jumped 61% as a result of various initiatives to strengthen online channels and distribution touchpoints nationwide.

“For first quarter, we managed to outperform despite prevailing nut supply constraints, which is expected to improve by the second half. Overall, we feel confident in sustaining our momentum this year, as global demand remains strong amid broader uncertainties,” stated Mr. Henry J. Raperoga, President and Chief Operating Officer of Axelum Resources Corp.

Gross profit rose 26% to P495 million, translating to an EBITDA of P231 million, up 18% compared to the same period last year. Pre-tax income posted at P153 million up 24%, while net income settled at P138 million, up 29% year-on-year. In general, operating margins were stable in spite of peaking input costs. From January to March, average nut price nearly doubled owing to the current shortfall, following prolonged effects of an extended dry spell and successive typhoons in 2024 that significantly reduced total production. Based on data from the Philippine Statistics Authority, agricultural output rose 2% in the first quarter of 2025, driven by higher production across majority of subsectors, signaling slight recovery due to favorable weather conditions in recent months. Axelum anticipates this trend to enhance harvest yields and increase nut availability for the rest of the year. 

For 2025, Axelum is finalizing plans to unveil exciting new products within the year, aligned with its objective of expanding its consumer branded business. On another note, Axelum is closely monitoring evolving tariff policies in the US to effectively integrate potential outcomes into its business strategies.