Alliance Select Foods International, Inc. (PSE: FOOD), a company that processes and exports food products, reported its financial results for the first six months of 2026. According to their filing with the Securities and Exchange Commission on August 12, 2026, the company faced significant challenges during this period.
What Happened to the Company’s Earnings?
The company earned US$22.8 million in revenue (money from selling their products) during the first half of 2026. This is much lower compared to the US$35.6 million they earned during the same time last year in 2025. That means their sales dropped by about 36%.
Unfortunately, the company also lost money during this period. They reported a net loss of US$7.16 million, which means they spent more money than they earned.
Why Did This Happen?
Alliance Select Foods faced several big problems that hurt their business:
The June 2026 Earthquake
An earthquake hit General Santos in June 2026, which forced the company to temporarily close their manufacturing facility (the place where they make their products). This meant they couldn’t produce as much food products as they normally would.
Port Problems
The General Santos Port, where the company ships their products, also experienced disruptions. Because of this, several shipments that were supposed to go out in the second quarter (April to June) had to be delayed until the third quarter (July to September). This affected their revenue for the first half of the year.
Higher Costs
The company had to deal with much higher costs for raw materials (the ingredients and materials needed to make their products) and operating expenses. These problems got worse because of the ongoing conflict in the Middle East, which disrupted shipping routes through the Strait of Hormuz—an important waterway for global trade.
This conflict caused several problems: shipping costs went up, marine insurance became more expensive, fuel prices increased, and it took longer to ship products to customers. All of these issues made it harder and more expensive for the company to do business.
What Is the Company Doing About It?
Despite these challenges, Kirby J. Rasos, the General Manager of Alliance Select Foods, said they saw some improvement toward the end of the first half of the year. The company is now focusing on several things to improve their performance:
- Using their factories more efficiently
- Producing products more effectively
- Adjusting their prices
- Managing their costs better
About Alliance Select Foods International, Inc.
Alliance Select Foods International, Inc. is a Philippine-based company that processes food products, particularly seafood like tuna. The company trades on the Philippine Stock Exchange under the ticker symbol “FOOD” and has approximately 2.5 billion common shares outstanding.
Their main office is located at Suite 3104 A West Tower PSEC Exchange Rd., Ortigas Business District, Pasig City.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
