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 12, 2024

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 3104A, West Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Postal Code 1605

8. Issuer's telephone number, including area code

632-8637-8800

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
Debt Outstanding (As of Dec. 31, 2023)	US$ 34,184,624.00

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
Alliance Select Posts Net Revenue growth of 63% in FY2023
Background/Description of the Disclosure
Homegrown seafood company Alliance Select Foods International Inc. (“ASFII” or the “Company”; PSE: FOOD) reported consolidated net revenues of USD56.5 million for the full-year 2023 versus USD34.6 million in 2022, a year-on-year increase of 63%. This was primarily driven by increase in export volume of tuna products and better selling prices across all product segments.   ASFII was challenged by the increase in fish cost in 2023. This was mitigated later in the year by pricing adjustments and lower manufacturing overhead resulting from higher plant utilization.   Due to the unfavorable interest rate environment, finance costs have increased, while selling and administrative expenses climbed in-tandem with inflation. Including foreign currency losses from currency translation, ASFII posted a consolidated net loss of USD 2.6 million for the full year of 2023, which is a 25% improvement over the USD 3.5 million loss in 2022.    ASFII President and Chief Executive Officer Jeoffrey P. Yulo said, “ASFII’s 2023 operational performance is encouraging. Despite external challenges posed by high interest rates, our numbers continue to improve as we ramp up efforts to improve volume, revenue and gain further operational efficiencies.”
Other Relevant Information
Alliance Select Foods International, Inc. is a publicly-listed seafood company engaged in tuna processing serving over 30 countries worldwide. Please refer to attached SEC Form 17-C.