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 11, 2023

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

63-7747-3798

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, 2022)	US$ 14,827,795

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 Reports USD 26 Million in Net Revenues for 1H2023
Background/Description of the Disclosure
Alliance Select Foods International Inc. (“ASFII” or the “Company,” PSE: FOOD) posted consolidated net revenues of USD 26 million for the first six months of the year, a double digit increase over the same period last year. This was due to higher selling prices and increased sales to European and Asian customers. Gross profit increased 33% year-on-year to USD1.7 million, tempered by rising input costs and other supply chain issues. Earnings before interest, taxes, depreciation, and amortization (EBITDA) remained stable at USD 0.3 million. The company reported a consolidated net loss of USD 574 thousand in the first semester, better than the USD 620 thousand net loss in the comparable period last year. Higher finance costs and the impact of currency translation reduced the bottom line. ASFII President and CEO Jeoffrey P. Yulo said, “We are pleased by the increased production efficiency that is helping our top-line growth. Despite the ongoing market and economic concerns, we are optimistic that the various projects we have in place will help to address them. We will continue to prioritize the implementation of our operational and marketing strategy initiatives.”
Other Relevant Information
Alliance Select Foods International Inc. is a publicly listed seafood company engaged in tuna processing serving over 30 countries worldwide. See attached SEC Form 17-C