Alliance Select Foods International (ASFI) achieved a US$0.215 million net income after tax (NIAT) in the first quarter of 2025, a remarkable 219% year-over-year increase.
This significant profit growth was achieved despite an 8% decline in net revenue due to lower sales volume of key products.
The company’s gross profit also saw a healthy 15% YoY rise to US$1.82 million, driven by enhanced plant efficiency and a favorable product mix.
While operating expenses edged up by 3% due to increased costs for external services, taxes, and fees, interest expenses rose by 7% following additional borrowing for working capital.
Jeoffrey P. Yulo, President and CEO of FOOD, commented, “Our numbers are steadily improving, and forecasts are encouraging. We look forward to new challenges and opportunities.”
ASFI is a publicly traded seafood company specializing in tuna processing and serving over 20 countries globally.
