Delfi Limited has announced its financial results for the third quarter of 2026 (Q3 2026) , revealing a resilient performance despite a challenging operating environment.
The company reported consolidated net sales of $118m for Q3 2026, a 5.5% year-on-year decline in reporting currency due to weaker regional currencies, including a 9.5% depreciation of the Indonesian Rupiah and a 7.6% drop in the Philippines Peso.
However, on a constant currency basis, net sales remained flat. For the nine months ending 30 September 2026, net sales were stable at $384.6m, reflecting a slight 0.1% year-on-year increase and a 1.9% growth in constant currency.
In Indonesia, Delfi’s net sales for the nine-month period declined by 4.4% year-on-year to $225.8m, but increased by 1.2% on a constant currency basis.
This was driven by an 11.2% growth in the Own Brands segment, despite a decline in Agency Brands due to the strategic termination of an agency account. In regional markets, net sales rose by 7.2% year-on-year to $158.8m, supported by strong Own Brands performance in Malaysia and the Philippines.
The group’s gross profit for Q3 2026 was $27.3m, with a gross profit margin of 23.2%, down 220 basis points year-on-year. Despite higher raw material costs and currency impacts, Delfi recorded an EBITDA of $10.2m for the quarter, supported by lower operating expenses.
On a constant currency basis, EBITDA grew by 10.1% year-on-year.
Looking forward, Delfi anticipates continued challenges due to elevated cocoa prices and geopolitical tensions. The company plans to focus on core brands, product innovation, and strengthening market capabilities to navigate these uncertainties and deliver sustainable value.
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