Delfi Limited reported net profit attributable to shareholders of US$12.9 million for the six months ended Jun 30 2026, a 5.4 per cent year-on-year increase, supported by double-digit growth in its Own Brands portfolio despite higher raw-material costs and currency headwinds.

Net sales rose 2.7 per cent to US$266.6 million, while gross profit margin narrowed 1.8 percentage points to 25.7 per cent. The board declared an interim dividend of 1.05 US cents (1.34 Singapore cents) per share, payable on Sep 11 2026, representing about 50 per cent of first-half earnings.

Indonesia remained the group’s largest market with revenue of US$157.6 million, down 2.7 per cent year-on-year—or up 1.2 per cent in constant currency terms—while Regional Markets revenue climbed 11.7 per cent to US$109.0 million. Own Brands sales grew 13.3 per cent to US$172.9 million, offsetting a 12.4 per cent contraction in Agency Brands following the strategic exit of a distribution account last year; excluding that account, Agency Brands revenue increased 29.0 per cent.

Higher cocoa prices and a 4 per cent depreciation of the Indonesian rupiah and 4.5 per cent slide in the Philippine peso compressed margins, driving a 3.7 per cent decline in EBITDA to US$23.4 million. Operating cash flow nevertheless totalled US$14.0 million, leaving the group with US$63.3 million in cash after US$3.8 million of capital expenditure and a US$10.5 million dividend payment in May.

Management said the business continues to prioritise investment in core brands, product innovation and manufacturing efficiency, while maintaining “strict financial discipline”.

Executive chairman and chief executive John Chuang noted that underlying demand for Delfi’s flagship labels remained firm, adding that disciplined cash management had preserved a “stable financial foundation” to confront a volatile cost environment and sustain shareholder returns.

Looking ahead, the company expects cocoa prices to stay volatile amid lingering supply risks linked to El Niño, and flagged potential cost pressures from the conflict in the Middle East and energy-price swings. Delfi said it is proactively managing raw-material procurement and will keep investing in brand strength and retail partnerships to protect margins.