D&L Industries Posts P681M Q1 Profit, Driven by Export Growth

D&L Industries Inc., a leading Philippine manufacturer of chemicals and food ingredients, posted a 10% increase in net income for Q1 2025, earning ₱681 million compared to ₱618 million in the same quarter last year. The company attributed the growth to a sharp rise in exports.

In its report to the Philippine Stock Exchange, D&L disclosed total sales of ₱14.27 billion for the January to March period. Of this, exports accounted for ₱4.8 billion—a 69% jump from ₱2.9 billion a year ago—and contributed 34% to overall revenue. Domestic sales also grew by 58% to ₱9.4 billion.

CEO Alvin Lao acknowledged a challenging global outlook due to rising geopolitical tensions and trade policy uncertainties, including reciprocal tariffs initiated by U.S. President Donald Trump. However, he noted the Philippines might fare better than others in the region, as it could benefit from more favorable tariff terms.

Lao emphasized that D&L’s exposure to the U.S. market remains limited, with American exports making up only about 3% of its revenues.