Revenue Growth
Sales for the first quarter of fiscal year 2026 were $203.7 million, up 13% from the previous period, driven by strong performance in both domestic and international markets.
Significant Increase in Net Profit
Net profit increased to $5.5 million from $0.4 million, driven by improved sales and margins.
Gross Profit and Margin Improvement
Gross profit grew by 32.8%, with a gross margin improvement of 490 basis points, supported by improved pricing, increased volume, and favorable product mix.
Debt Reduction
Total debt decreased by 5% to $1.02 billion, with an improved net debt to EBITDA ratio of 2.6x and cash flow from operations significantly improved to $76.8 million.
Market Leadership in North Asia
Commanding leadership share of 50% in North Asia for fresh pineapples, including leadership positions in China and Korea.