D&L Industries Inc., the country’s leading producer of specialty food ingredients and oleochemicals, expects its profitability to continue rising in the coming years as it ramps up exports.
This outlook supports the company’s confidence in sustaining strong dividend payouts.
“We do expect profitability to continue to increase. So, we’re quite comfortable in terms of the outlook of future years’ dividends,” D&L president and chief executive Alvin Lao said.
Lao said the company is focusing on expanding exports through its Batangas plant.
“As part of the efforts of ramping up production in our Batangas plant, we’re focusing on exports and, because of that, we are visiting clients in other countries, attending trade shows and exhibitions, to try and drum up business. Because of that, we are able to get new clients in new markets all the time,” he said.
Despite global uncertainties, the company said it remains focused on building long-term growth and resilience.
“Management believes that with D&L’s product portfolio, the majority of which cater to basic and essential industries, the company will continue to grow and be relevant in an ever-changing business environment and world trade order,” the company said.
Meanwhile, D&L declared total cash dividends of P1.52 billion for 2025, slightly higher than last year’s P1.49 billion.
This includes a regular dividend of P0.164 per share and a special dividend of P0.049 per share. Shareholders of record as of June 18 will receive the payout by July 2.
“Management remains highly committed to its regular dividend policy of a 50 percent payout ratio based on prior year’s net income. On top of that, for the fifth consecutive year since the peak of the pandemic in 2020, D&L was able to declare special dividends,” the company said.
This year’s total payout is equivalent to 65 percent of 2024’s net income.
D&L reported a recurring income of P2.3 billion in 2024, up 2 percent year-on-year. The increase came despite higher expenses tied to the Batangas plant. Jenniffer B. Austria
