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)

Apr 11, 2025

2. SEC Identification Number

CS200319138

3. BIR Tax Identification No.

227-409-243-000

4. Exact name of issuer as specified in its charter

ALLIANCE SELECT FOODS INTERNATIONAL, INC.

5. Province, country or other jurisdiction of incorporation

Pasig City, NCR, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Suite 3104 West Tower PSEC Exchange Rd., Ortigas Business District, Pasig City, Metro Manila, Philippines Postal Code 1605

8. Issuer's telephone number, including area code

(02) 8637-8800

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 STOCK	2,499,712,463

11. Indicate the item numbers reported herein

Item No. 9 - Other Matters - Press Release

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.

Alliance Select Foods International, Inc.FOOD

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
FOOD net revenues grow by 28% in 2024; Asset impairment impacts bottom line
Background/Description of the Disclosure
MANILA, PHILIPPINES – Alliance Select Foods International, Inc. (“ASFII” or the “Company”; PSE: FOOD) grew consolidated net revenues 28% in 2024 to US$72.4mn, driven by volume growth, bigger customer base and better fish prices. FOOD’s production cost improved by 7% from the previous year, resulting from higher plant utilization and installation of new equipment that enhanced output and efficiency. Core profit in 2024 reached US$0.893mn, which is a turnaround from a loss of US$2.6mn in 2023. However, the Company recognized impairment of certain assets leading it to report a loss of US$3.0mn for 2024. The group’s 4Q2024 gross profit margin increased by 90 basis points to 13.9% from the previous year, due to favorable fish prices and enhanced plant utilization. Gross profit increased 23% in 2024. “FOOD continues its upward trajectory,” said ASFII President and CEO Jeoffrey P. Yulo. “We shall continue to improve productivity and efficiency and build on our organizational capability, as we prepare to expand our sales volume.” Alliance Select Foods International Inc. is a publicly-listed seafood company engaged in tuna processing serving over 30 countries worldwide.
Other Relevant Information
Please see attached SEC Form 17-C.