Alliance Select Foods International, Inc. (“ASFII” or the “Company”; PSE: FOOD) reported consolidated net revenues of US$22.8 million for the first half of 2026, compared with US$35.6 million for the same period in 2025. The Company recorded a consolidated net loss of US$7.16 million for the period.
First-half performance was affected by a combination of operational disruptions and a challenging global operating environment. Production and shipment volumes were impacted by the temporary shutdown of the Company’s General Santos manufacturing facility following the June 2026 earthquake, while disruptions at the General Santos Port resulted in several second-quarter shipments being deferred to the third quarter.
The Company also faced significantly higher raw material and operating costs during the period. These were compounded by the continuing conflict in the Middle East including disruptions to commercial shipping through the Strait of Hormuz, which contributed to higher freight costs, marine insurance premiums, fuel costs and longer transit times across global shipping routes. These conditions placed additional pressure on supply chain reliability and operating margins during the first half of the year.
Despite these challenges, the Company saw signs of improvement in operating performance toward the end of the period. “As ASFII continues to recover from the impact of the earthquake and navigate ongoing global disruptions, we remain focused on improving plant utilization, production efficiency, pricing, and cost management to strengthen our performance in the succeeding periods,” said ASFII General Manager Kirby J. Rasos.