MANILA, PHILIPPINES – Homegrown seafood company Alliance Select Foods International Inc. (“ASFII” or the “Company”; PSE: FOOD) reported consolidated net revenues of USD 78.1 million for full-year 2025, up 7.9% from USD 72.5 million in 2024. This marks the Company’s third consecutive year of core revenue growth. Export sales benefited from expansion into new markets and the introduction of new product lines. Overall revenue growth was partially tempered by a decline in the co-packing business and reduced volumes in the frozen loins segment amid intensified competition from China and Ecuador.
Despite the top-line growth, net loss after tax in 2025 was USD 1.8 million compared to USD 3 million in 2024. Gross profit stood at USD 5.9 million, compared to USD 8.04 million in 2024. This stemmed from the combined effects of increased raw material prices, labor and overhead expenses, an unfavorable product mix, and added interest costs, which peaked in the fourth quarter of 2025 and accounted for the gross and operating margin squeeze.
Notwithstanding the decline in frozen loin revenues, other segments delivered strong performance mainly driven by canned and pouch products. The Company’s local business likewise recorded robust growth signaling its potential as a key revenue driver.
ASFII President and Chief Executive Officer Jeoffrey P. Yulo said, “ASFII was significantly affected by 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.”
Alliance Select Foods International Inc. is a publicly-listed seafood company engaged in tuna processing serving over 20 countries worldwide.