Axelum gears up for aggressive growth

MANILA, Philippines — Axelum Resources Corp. is gearing up for aggressive growth following a turnaround in 2024 that was driven by expected record-high shipped volumes.

Axelum, which is 34.8-percent owned by a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp., said it is on track to register an all-time high shipped volumes in 2024.

The listed integrated manufacturer and exporter of premium coconut products is anticipating record delivered volumes for most of its core product segments last year primarily due to the rapidly-growing mainstream demand for plant-based eating, expanding commercial uses, innovative non-food applications and other emerging market trends.

Axelum reported a net income of P339 million from January to September 2024, a turnaround from a net loss of P428 million in the same period in 2023. The company has yet to release its full year 2024 financial results.

For 2025, Axelum said that it is aiming for “next-level growth.”

The company said it is set to embark on an aggressive growth agenda that will further cement its position as the country’s leading fully-integrated manufacturer, exporter and preferred global supplier of best-in-class coconut food products.

“We have identified unique opportunities that will help propel us into a new era of growth in the long-term,” Axelum president and COO Henry Raperoga said.

“As a company, we are positive that the current global macroeconomic backdrop will remain conducive and supportive of this ambition,” he said.

Based on independent publications, Axelum said that the global coconut products industry would continue to see robust demand, upward pricing and supply tightness in 2025.

The company assured that it is in a strong position to capitalize on these prevailing conditions amid supply volatility due to climate variability.

“We have charted a clear path forward to expand our institutional business, while realizing the massive untapped potential of our consumer segment both domestically and overseas,” Raperoga said.

“Last year, we were focused on redefining plans, establishing new customer touch points, building strategic capabilities and strengthening our overall distribution network. For 2025, we will concentrate resources on strategy execution and optimizing efficiencies across the business to maximize value generation,” he said.

Axelum has fully-commissioned its new filling line to enhance coconut water output by more than 30 percent annually.

Last year, it signed a multi-year renewal agreement with Vita Coco, the world’s largest coconut water brand, to secure one of its fastest growing revenue streams for the next decade.

Axelum has also installed new equipment to improve manufacturing yields and completed the renovation of existing warehouses to augment storage capacity for finished goods.

It has extended its sourcing areas to guarantee sufficient quantities of fresh coconuts for its daily operational requirements and ensure raw material availability.

Axelum has also unveiled new retail product offerings in refreshed packaging designs as part of its strategy of pursuing new growth spaces for its consumer business.

The company likewise strengthened its digital platforms to enhance customer lead generation and boost local online selling.