Axelum Resources Corp. realized  sales of ₱5.1 billion in the January-September period, up 20 percent compared to the same period last year.

This was attributed to the double-digit volume growth across core product segments including desiccated coconut, coconut water and coconut milk powder, which collectively account for 75 percent of total revenues.

“Rising demand in key export markets continue to fuel our growth momentum. Positive macroeconomic tailwinds

and normal shipping conditions will support consumption activity in the long-term. As we aim to close the year

on a high note, we are at the same time gearing up for an even stronger showing in 2025,” said Henry J. Raperoga, president and Chief Operating Officer of Axelum Resources Corp.

Axelum is the country’s leading fully-integrated manufacturer and exporter of premium coconut products,

Gross profit rose 69 percent to ₱1.3 billion, with gross

margin expanding to 24.4% from 17.3 percent in the previous year, owing to the increased contribution of high-value products and positive foreign exchange translation.

Due to margin improvement, net income settled at ₱339 million, a sharp turnaround compared to a net loss of ₱428 million in the prior year.

For the period, Axelum invested in upgrading manufacturing capabilities by deploying additional production capacity for its coconut water segment. Last April, Axelum secured a multi-year renewal contract with Vita Coco,  the world’s largest coconut water brand, to lock-in one of its major revenue streams for the next decade.

In addition, Axelum unveiled new retail product offerings in refreshed packaging designs, aligned with its strategy

of pursuing new growth spaces for its consumer business. Moreover,

Axelum strengthened its digital platforms to enhance customer lead generation and boost local online selling, which grew 40 percent year-on-year.