TFM Tops Q3/2025 with Revenue of THB 1,694 Million, Up 21.9% Net Profit Soars 47.8% to Record High Reinforces Leadership in Sustainable Aquafeed Business

Bangkok – October 31, 2025 – Thai Union Feedmill Public Company Limited (TFM), a leading Thai manufacturer and distributor of aquafeed, announced record-breaking performance for Q3/2025, with sales reaching THB 1,694 million, a 21.9% increase, and net profit of THB 223 million, up 47.8%. This reflects the strength across all business segments, particularly the shrimp feed segment, which saw significant growth in both Thailand and Indonesia. The company continues to implement strategic business restructuring to enhance efficiency and reinforce its position as a leader in sustainable aquafeed.

Mr. Peerasak Boonmechote, Chief Executive Officer of TFM, stated that the company achieved its highest-ever quarterly sales and net profit in Q3/2025, driven by strong performance across multiple segments. Sales rose to THB 1,694 million, up 21.9% year-on-year, primarily supported by robust domestic demand from key customers and increased shrimp feed exports from Thailand. Fish feed sales also grew, particularly for seabass feed, reflecting TFM’s expanding market share and continued leadership in the seabass feed segment.

Gross profit reached THB 370 million, a 38.7% increase year-on-year, with a gross profit margin of 21.8%, up 2.6 percentage points. This was attributed to higher sales, a shift toward higher-margin products, and lower raw material costs. Selling and administrative expenses as a percentage of sales decreased to 7.1% from 7.9% year-on-year, indicating improved cost control. Additionally, the effective tax rate declined compared to the previous quarter, following the recognition of BOI privileges for shrimp feed production at the Songkhla plant and fish feed production at the Samut Sakhon plant. As a result, net profit hit a record THB 223 million, up 47.8% year-on-year, with a net profit margin of 13.2%, reflecting continued operational efficiency. The company also maintained a low debt-to-equity ratio of 0.46.

For the first nine months of 2025, TFM reported total sales of THB 4,401 million, up 11.8% year-on-year, and net profit of THB 549 million, up 42.8%, underscoring stable growth. Furthermore, at the Board of Directors Meeting No. 5/2025 held on September 29, 2025, the company approved the divestment of its entire investment in AMG–Thai Union Feedmill (Private) Limited (AGM-TFM), a 51%-owned subsidiary in Pakistan. This strategic move aims to restructure Thai Union Group’s operations and enhance competitiveness in the aquafeed business. The divestment will not materially impact TFM’s financial position or performance. Despite AMG-TFM no longer being a subsidiary, TFM will continue technical collaboration, providing shrimp farming knowledge and technology support.

Mr. Peerasak added that for the full year 2025, TFM expects revenue growth of 7–9%, driven by strong momentum in shrimp and fish feed businesses in Thailand and recovering demand in Indonesia post-pandemic. Gross profit margin is expected to remain high due to improved production efficiency, a quality product portfolio, and effective raw material cost management. The company aims to keep selling and administrative expenses at 8–10% of sales.

“TFM’s ability to drive business and deliver outstanding performance has earned continued recognition both domestically and internationally. The company received prestigious awards including the Senior CEO Excellence Award in Agriculture and Food Industry from the CEO Econmass Awards 2025, and Thailand’s Best Managed Companies 2025 from Deloitte for the third consecutive year. These accolades reflect our commitment to sustainable organizational development at a global level,” Mr. Peerasak concluded.