Revenue Growth
Revenue grew by 10% in the second quarter, with domestic business increasing by 9.3% and international business by 6.6%. Fresh segment saw a 22.5% growth.
Margin Improvement
Gross margin improved by 660 basis points to 34.2%, attributed to increased volume, better pricing, and lower costs.
Significant EBITDA Increase
EBITDA rose by 39.2% to $51.5 million, driven by higher sales and improved margins.
Net Profit Increase
Net profit increased by almost $14.5 million compared to the second quarter of the previous year.
Debt Reduction
Net debt reduced by approximately $50 million, a 4.8% decrease, supported by internally generated cash flows.
Fresh Pineapple Sales Growth
Fresh pineapple sales grew by 16% in the first half, supported by improved quality and strong demand in China and Korea.
Strategic Capital Raising
Continued interest from strategic investors in capital raising efforts despite market softness in the last 2-3 months.