D&L Industries Posts P681M Q1 Profit, Driven by 69% Export Growth

MANILA – D&L Industries Inc. reported a strong start to 2025, posting a ₱681 million net income in the first quarter—an increase of 10% year-on-year—driven by robust growth in its exports business.

In a disclosure to the Philippine Stock Exchange, the chemicals and food ingredients manufacturer said total sales reached ₱14.27 billion for January to March. Exports contributed ₱4.8 billion to this figure, surging 69% from ₱2.9 billion a year earlier. Domestic sales also grew 58%, totaling ₱9.4 billion.

CEO Alvin Lao acknowledged that while the company started the year with momentum, global uncertainties, including U.S. tariff policies under President Donald Trump, have begun affecting global business sentiment.

However, Lao emphasized that the Philippines might be relatively insulated due to its import-heavy trade model. He also noted that the U.S. market only accounts for about 3% of D&L’s total revenues, minimizing the impact of a proposed 17% U.S. tariff on Philippine goods.

Last month, the Trump administration temporarily paused the new tariff scheme—excluding China—following diplomatic efforts, including negotiations by Philippine officials in Washington, D.C.