Coconut product exporter Axelum Resources Corp. posted first-quarter revenues of P2.3 billion, driven by a sharp increase in export volumes, the company announced Wednesday.
The 25% year-on-year growth reflects higher demand for its coconut-based products in key overseas markets including the United States and Europe. Axelum attributed the surge to expanded production capacity and new distribution partnerships.
"Our strong start to 2025 underscores the growing global appetite for premium coconut products," the company said in a regulatory filing. "We remain focused on operational efficiency and market diversification to sustain momentum."
The firm's net income also rose, with net profit up 18% to P287 million. Axelum expects continued growth as it ramps up output at its new processing facility in Mindanao.