C08050-2026

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)
Nov 11, 2026
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
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3F Keyland Valero, 114 Valero Street, Salcedo Village, Brgy. Bel-Air, Makati City, Metro Manila Postal Code 1227
8. Issuer's telephone number, including area code
0286378800
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

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

Subject of the Disclosure

FOOD REPORTS NINE-MONTH 2026 RESULTS; SEES IMPROVING RAW MATERIAL SUPPLY AND COST CONDITIONS
Background/Description of the Disclosure

Alliance Select Foods International, Inc. (ASFII; the Company; PSE: FOOD) reported consolidated revenues of US$39.25 million for the nine months ended September 30, 2026, representing a 29% decline from US$55.40 million in the comparable period last year. The Company recorded a consolidated net loss of approximately US$11.37 million for the period, compared with net income of US$2.36 million YoY.

The decline was attributed to lower shipment volumes, constrained raw material availability, and elevated fish procurement costs. Reduced tuna catches in the Western and Eastern Pacific affected supply, while persistently high fish prices limited the Company's ability to offer competitively priced products.

The Company's financial results also reflected the impact of approximately US$2.2 million in finished goods and packaging inventory affected by the June 2026 earthquake. The Company's facilities and inventory are covered by insurance, and recovery is expected in future periods.

Operational Improvements and Fourth Quarter Outlook

Despite the challenging operating environment, the Company reported an improvement in its quarterly gross margin during the third quarter of 2026. For the parent company, gross margin improved to negative 4.6% in the third quarter, from negative 18.9% in the second quarter, as Management continued to address raw material costs and production efficiency.

Looking ahead to the fourth quarter, Management reports that the supply of locally sourced fish has stabilized, while the availability and pricing of internationally sourced fish are showing signs of improvement relative to earlier projections.

Capital Restructuring Initiatives

In October 2026, the Company's stockholders approved a proposed capital restructuring intended to strengthen its capital structure and support its long-term financial recovery. This includes a reduction in the par value of the Company's common shares, an increase in authorized capital stock, and the application of additional paid-in capital against its accumulated deficit, together with a proposed private placement. These initiatives remain subject to the necessary SEC and PSE approvals. Upon completion, the proposed restructuring is expected to strengthen the Company's capital position and provide a foundation for its continuing operational and financial recovery.

Management Outlook

"The past nine months were challenging, given constrained fish supply, elevated raw material costs and the operational disruptions brought about by the June earthquake. Nevertheless, we are encouraged by improving fish availability and pricing, as well as stronger relationships with our suppliers and fishing partners,” said Kirby J. Rasos, ASFII President and General Manager. “Our priorities are clear: restore profitability, strengthen customer relationships, improve production efficiency, exercise tighter cost and inventory discipline, and generate sustainable cash flow. Together with the proposed capital restructuring, we remain committed to disciplined execution and building a stronger, more competitive, and financially sustainable Company.”

ASFII remains cautiously optimistic about improving operating conditions in the fourth quarter, while recognizing that its financial performance will depend on raw material availability and pricing, market demand, and the successful execution of its operational and financial initiatives.

Alliance Select Foods International, Inc. is a Philippine publicly listed company engaged in seafood processing, manufacturing, and export, with operations serving international and domestic markets. END
Other Relevant Information

Please see attached SEC Form 17-C.
Filed on behalf by:
Name Maria Resa Celiz
Designation Assistant Corporate Secretary and Chief Compliance Officer