Alliance Select Foods International Inc. (PSE: FOOD), a Philippine seafood company that specializes in tuna, announced that it earned more money in 2025 compared to 2024, but still lost money overall during the year.
According to the company’s disclosure filed with the Philippine Stock Exchange on April 13, 2026, Alliance Select made USD 78.1 million (about ₱4.3 billion) in sales during 2025. This is 7.9% higher than the USD 72.5 million they made in 2024. To put it simply, imagine you earned 72.5 pesos last year, and this year you earned 78.1 pesos – that’s what happened to the company, but in millions of dollars.
What is Alliance Select Foods?
Alliance Select Foods International is a Philippine company that processes tuna and sells seafood products to over 20 countries around the world. They make both canned tuna and frozen tuna products. The company is publicly listed on the Philippine Stock Exchange under the ticker symbol FOOD.
Sales Went Up for Three Years in a Row
The company explained that this is the third year in a row where their main business sales have increased. They were able to sell their products to new countries and introduced new types of seafood products, which helped boost their export sales.
However, not all parts of their business did well. Their co-packing business (when they package products for other companies) went down. They also sold less frozen tuna loins because they faced tougher competition from companies in China and Ecuador who were also selling similar products.
But the Company Still Lost Money
Even though Alliance Select sold more products, they still lost USD 1.8 million in 2025. The good news is that this loss is smaller than the USD 3 million they lost in 2024. Think of it like this: if you spent more money than you earned, you’d have a loss. The company spent more than it earned, but the difference got smaller compared to last year.
The company made USD 5.9 million in gross profit (money left after paying for the products they sold), which was lower than the USD 8.04 million in 2024.
Why Did They Lose Money Despite Higher Sales?
Alliance Select explained several reasons why they lost money even though they sold more:
- Higher raw material prices: The fish and other ingredients they needed to make their products became more expensive
- Higher labor and overhead costs: They had to pay more for workers and running their factories
- Unfavorable product mix: They sold more of the products that make less profit
- Interest costs: They had to pay more money to banks for loans, especially during the last three months of 2025
Some Bright Spots in the Business
Despite the challenges with frozen tuna loins, other parts of the business performed well. Their canned tuna and pouch products (tuna in flexible packaging) sold very well. The company also noted that their local business in the Philippines grew strongly, showing that it could become an important part of their sales in the future.
What the Company Leader Said
Jeoffrey P. Yulo, the President and CEO of Alliance Select Foods, explained that the company faced difficulties because they sold a less profitable mix of products and encountered operational challenges. He said they are working hard to fix these problems and become profitable again.
However, Yulo also warned that 2026 will be challenging because fish and transportation costs are going up, while demand for their products is uncertain.
This article is based on a disclosure submitted by Alliance Select Foods International Inc. to the Philippine Stock Exchange.
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.
