AXELUM Resources Corp. (PSE: AXLM), the country’s leading integrated manufacturer and exporter of premium coconut food products, discloses its financial and operating results for first quarter 2026.
Consolidated topline grew 7% to ₱2.3 billion, anchored on higher volume and average selling prices for key product segments.
White meat sales to North America and Australia rose 16% and 53%, while Asia surged more than two fold for the period, driven by new customer accounts and a larger current orderbook.
Local sales rose 2% as recent product launches continue to gain traction across various retail formats and online touchpoints nationwide.
“Coming off a high base in 2025, we still managed to demonstrate growth despite an increasingly challenging operating environment. We feel the broader consequences of the Middle East conflict particularly its disruptive effects on the pricing fundamentals for commodities and ocean freight. Given sustained demand, we shall employ a more tactical approach to capital programming to seize value-accretive opportunities and withstand prolonged uncertainty,” stated Mr. Henry J. Raperoga, President and Chief Operating Officer of Axelum Resources Corp.
Gross profit jumped 15% to ₱570 million with gross margin expanding to 24%, attributed to the increased contribution of high-value products.
EBITDA posted at ₱367 million up 59%, due to margin improvement and higher foreign exchange gain. Pre-tax profit went up 89% to 290 million, while net income soared 94% to ₱267 million.In terms of fiscal standing, Axelum operates with healthy indices representing solid liquidity, minimal gearing and positive return on equity.
Cash and cash equivalents settled at ₱3.4 billion, while current and debt-to-equity ratios stood at 4.2 and 0.2, respectively.
Annualized average return on equity was at 9%, underscoring sustained value creation. The strength of Axelum’s balance sheet provides a strategic buffer to absorb external shocks, maintain readiness and reposition growth initiatives.
To date, Axelum will prioritize new product development by translating innovative concepts into a market-ready portfolio to accelerate its consumer segment.
At the same time, Axelum is continuously implementing measures to enhance cost efficiency across the business by harmonizing inventory, streamlining processes and optimizing resource utilization to raise operational performance. This will allow Axelum to leverage on a leaner cost structure and retain its competitive edge in spite of market volatility.
“We move forward with guarded optimism amid global economic complexities, with a stronger focus on ensuring a resilient supply chain, operational adaptability and strategy execution,” added Raperoga.
