Del Monte Pacific Ltd. (DMPL) said management’s assessment that the group can continue operating is supported by the performance of its Philippine business, continued access to revolving credit facilities, and ongoing debt restructuring efforts. The company made the statement in a disclosure posted on the Philippine Stock Exchange (PSE) on Thursday in response to queries, as reported by BusinessWorld.
The company emphasized that its Philippine operations remain a key driver of revenue and cash flow, helping to offset challenges in other markets. DMPL also noted that it has maintained access to revolving credit facilities, providing additional liquidity. Furthermore, the group is actively engaged in debt restructuring discussions with creditors to improve its financial position and ensure long-term viability.
The disclosure came amid investor concerns about DMPL’s financial health, with the company’s stock price under pressure in recent months. DMPL’s management reiterated that their assessment is based on current conditions and projections, but cautioned that uncertainties remain. The company will continue to monitor its operations and pursue measures to sustain its business.