Axelum Profit Surges 88 Percent in Spite of Formidable Headwinds

In a disclosure to the Philippine Stock Exchange (PSE), Axelum Resources Corp., the Philippines’ leading manufacturer and exporter of coconut food products, reported an 88-percent surge in net income to ?636 million in the first nine months of 2025 due to higher volumes and selling prices.  An affiliate of Metro Pacific Investments Corp. (MPIC), Axelum said its sales jumped 48 percent to ?7.6 billion in the first nine months of 2025, eclipsing full-year 2024 topline, anchored on robust volume growth and higher average selling prices across major product categories.
Sales of the white meat segment, mainly comprised of desiccated coconut, sweetened coconut, and coconut milk and cream, respectively increased 122 percent, 20 percent, and 78 percent, driven by booming consumer demand for natural and plant-based food choices. Coconut water continues to steadily deliver double-digit volume growth, up 10 percent year-to-date and is on-track to achieve record performance for 2025.
Axelum sustained growth across key export markets led by the United States (US), Europe, and Australia, while domestic sales rose 58 percent, attributed to a wider distribution footprint, new product innovation, and an expanding institutional business. “We managed to outperform in spite of formidable headwinds particularly tight local supply and broader tariff-related impacts in our largest export base,” said Axelum President and Chief Operating Officer (COO) Henry J. Raperoga. To date, Axelum remains focused on its strategic priorities to further strengthen competitiveness amid a challenging operating environment, including peaking coconut oil prices, global supply shortfalls, and current US tariff policies.