Axelum Resources Corp. (PSE: AXLM), the Philippines’ premier fully-integrated manufacturer and exporter of premium coconut food products, today announced a strong financial and operating performance for the first quarter of 2025. The company reported sales of ₱2.2 billion, a significant 38% increase compared to the same period last year. This impressive growth was fueled by higher volumes and increased average selling prices across its core product segments.
Leading the surge were desiccated coconut, coconut water, and coconut milk/cream, which together accounted for 74% of Axelum’s total revenue. These segments experienced substantial growth of 67%, 38%, and 64%, respectively.
While the United States remains Axelum’s largest export market, the company saw increasing traction in other key regions. Sales in Europe grew by 10%, and Asia saw a 16% increase in contribution during the first quarter. Domestically, Axelum’s sales soared by 61%, driven by successful initiatives to strengthen its online presence and expand its distribution network nationwide.
“We are pleased with our first-quarter performance, especially considering the prevailing constraints in nut supply, which we anticipate will improve in the latter half of the year,” stated Mr. Henry J. Raperoga, President and Chief Operating Officer of Axelum Resources Corp. “We remain confident in our ability to sustain this momentum throughout the year, as global demand for our coconut products remains strong despite broader economic uncertainties.”
Axelum also reported strong profitability metrics for the first quarter. Gross profit increased by 26% to ₱495 million, resulting in an EBITDA of ₱231 million, an 18% increase year-on-year. Pre-tax income reached ₱153 million, up by 24%, while net income settled at ₱138 million, representing a 29% increase compared to the first quarter of 2024. Notably, operating margins remained stable despite a near doubling of average nut prices between January and March due to supply shortages stemming from the prolonged dry spell and typhoons of 2024.
Encouragingly, data from the Philippine Statistics Authority indicates a 2% increase in agricultural output in the first quarter of 2025, signaling a slight recovery due to recent favorable weather conditions. Axelum anticipates this trend will lead to improved harvest yields and greater nut availability in the coming months.
Looking ahead, Axelum is in the final stages of planning the launch of exciting new products in 2025, aligning with its strategic objective of expanding its consumer-branded business. The company is also actively monitoring evolving tariff policies in the United States to proactively integrate potential impacts into its business strategies.
