Delfi Limited has reported an ebitda of US$10.2 million ($13.28 million) for the 3QFY2025 ended Sept 30, up 16.3% y-o-y. For the 9MFY2025, ebitda declined 17.1% y-o-y to US$41.6 million.
The group’s net sales for the 3QFY2025 came in 6.1% y-o-y to US$124.8 million. This is despite ongoing challenges in the global chocolate industry and continued macroeconomic uncertainty.
This 3QFY2025 net sales performance lifted 9MFY2025 net sales to US$384.4 million, a 1.6% y-o-y growth.
The top-line improvement was driven primarily by a favourable mix of pricing and volume gains, which supported key brands in Indonesia, and was complemented by growth in regional markets.
Delfi says that Indonesia delivered “strong momentum in 3QFY2025”, with a 5.2% y-o-y increase in net sales, while regional markets showed consistent growth across both reporting periods. Net sales for 3QFY2025 grew 7.3% y-o-y driven by performance in Malaysia and the Philippines.
The group’s gross profit margin for 9MFY2025 came in at 26.8%, a y-o-y decrease of 130 basis points (bps) due to the impact of a weaker Indonesia rupiah, increased promotional spending for own brands, and lower margins from agency brands. As such, ebitda declined.
As at end Sept, cash balance stood at US$70.1 million compared to US$43.8 million as at end Dec 2024.
Delfi says that the challenging operating environment of lingering macroeconomic headwinds, persistent geopolitical tensions, and uncertainty in global trade is expected to continue into at least mid 2026.
Shares in Delfi closed 1 cent lower or 1.25% down at 79 cents on Nov 11.
