Manila: D and L Industries has announced an 8% increase in income for the first nine months of 2025, driven by strong volume growth despite the rising prices of coconut oil, a key ingredient in their products. The company’s president and CEO, Alvin Lao, expressed optimism about reaching their 10% income growth target for the year.

According to Philippines News Agency, volume growth expanded by 11% annually during the first three quarters of 2025. This growth occurred despite an average 78% surge in coconut oil prices, which reached nearly USD3,000 per metric ton in the third quarter alone. Despite these challenges, D and L Industries reported an income of PHP1.95 billion.

Lao acknowledged that while commodity price movements are beyond the company’s control, they have focused on strategic investment in research and development and innovation to navigate these challenges. He emphasized that these investments are essential for developing higher-value, technical, and differentiated solutions for customers, shielding the business from macroeconomic volatility.

Lao remains hopeful about achieving the company’s 10% growth target, contingent on factors like domestic economic growth and the trajectory of coconut oil prices. He also highlighted a 20% increase in export revenues, reaching USD11 billion by the end of September, with export profits rising by 22%, significantly outpacing the 8% growth in their domestic business.

While Lao did not specify a focused foreign market, he noted that D and L Industries exports to continents such as North America, the United States, Europe, Asia and the Pacific, and Africa. He concluded with a cautiously optimistic outlook for the remainder of the year, citing improving macroeconomic fundamentals, such as easing inflation and interest rates, which could invigorate economic activity.