Higher per unit selling prices and strong demand for proprietary pineapple varieties contribute to positive financial results as the company continues to execute its long-term strategy
Fresh Del Monte Produce has revealed its financial results for the second quarter ended 27 June, noting year-on-year growth in net sales and net income.
Net sales grew to US$1.18bn from US$1.14bn in the prior-year period, the group said.
This increase was primarily driven by higher net sales in the company’s fresh and value-added products and banana segments, due to higher per unit selling prices and the favourable impact of fluctuations in exchange rates, Del Monte noted, as well as tariff-related price adjustments in North America.
Gross profit for the second quarter was US$120.1mn compared with US$113.2mn last year, the result of higher net sales in the company’s fresh and value-added products segment, partially offset by higher per unit production and procurement costs, as well as higher distribution costs.
Del Monte said that operating income was up slightly to US$68.3mn, with adjusted operating income climbing to US$68.8 million compared with US$64.5mn in 2024.
Net income attributable to Del Monte was US$56.8mn for the second quarter, compared with US$53.6mn in the same period last year.
“Fresh Del Monte’s second quarter 2025 results reflect the strength of a strategy rooted in consistency, discipline, and long-term vision,” said Mohammad Abu-Ghazaleh, Fresh Del Monte’s chairman and CEO.
”Sales growth was fueled by continued demand for our core products, including our proprietary pineapple varieties, and strong momentum across our fresh-cut business – an area where we’re seeing encouraging progress and expanding margins.
“Our global leadership in proprietary pineapple varieties is the result of decades of innovation and investment – a commitment that now drives our momentum across the fresh and value-added products segment and beyond,” he commented.
”These results affirm the power of focus and execution, as well as the long-term advantage created by differentiated offerings.
”We remain committed to building on this foundation and creating sustained value for our shareholders,” Abu-Ghazaleh added.
