LISTED seafood processor Alliance Select Foods International Inc. lowered its net loss in 2025 as revenues grew for a third straight year, although margin pressures persisted.
The company on Tuesday reported a net loss after tax of $1.8 million (about P107.83 million), narrower than the $3 million (about P179.67 million) recorded in 2024.
Revenues rose 7.9 percent to $78.1 million from $72.5 million, driven by expansion into new export markets and the introduction of new product lines, but were partly offset by a decline in the co-packing business and lower volumes in the frozen loins segment amid intensified competition from China and Ecuador.
Gross profit declined to $5.9 million from $8.04 million as higher raw material costs, increased labor and overhead expenses, an unfavorable product mix and elevated interest expenses weighed on margins, with cost pressures said to have peaked in the fourth quarter.
Despite weaker revenues from the frozen loins business, other segments saw strong results, particularly canned and pouch products, while the domestic business recorded robust growth, signaling its potential as a key revenue driver.
President and CEO Jeoffrey Yulo blamed the continued losses to a less favorable portfolio mix and operational headwinds.
“We are actively addressing these issues to improve performance and restore profitability. The outlook for 2026 is challenged by increased cost of fish and transport, paired with uneven demand,” he said.
Alliance Select Foods is engaged in tuna processing and serves over 20 countries worldwide.
The company’s shares on Tuesday dropped by 1.22 percent to close at P0.405 each.
NAZYLEN JOY MABANGLO