SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 9, 2023

2. SEC Identification Number

44852

3. BIR Tax Identification No.

000-421-957-000

4. Exact name of issuer as specified in its charter

D&L Industries, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

65 Calle Industria, Bagumbayan, Quezon City Postal Code 1109

8. Issuer's telephone number, including area code

(02) 8635-0680

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	7,142,857,990

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

D&L Industries, Inc.DNL

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
D&L’s next generation Batangas plant starts commercial operations in time for its 60th anniversary; 1H23 income has yet to reflect new plant’s potential
Background/Description of the Disclosure
- D&L’s Batangas plant has started commercial operations, ushering in a transformational period for the company - 1H23 earnings at P1.2 bn, down 28% YoY, has yet to reflect new plant’s potential; Excluding pre-operating expenses, 1H23 earnings down 13% YoY to P1.5 bn - Recovery continued with 2Q23 earnings at P646 mn, up 9% QoQ; Blended GPM improved from 13.1% in 1H22 to 17.7% in 1H23 - With improving FCF, falling debt levels, and the continued optimism on the prospects of the business, D&L has the highest confidence in its ability to service bonds maturing in 2024 and 2026
Other Relevant Information
Please see attached file.