TFM Reports Continued Strong Growth Outstanding 2025 Performance with Net Profit Surging 36.9% to THB 733 Million Board Approves Total Annual Dividend of THB 0.60 per Share

Bangkok – 13 February 2026 – Thai Union Feedmill Public Company Limited (TFM), a leading Thai manufacturer and distributor of aquaculture and livestock feed, announced strong and broad‑based growth for the fiscal year 2025. Total revenue surged to THB 6,035 million, an increase of 12.5%, while net profit soared 36.9%, reaching THB 733 million. The results reflect the success of the Company’s expanding market base in shrimp and fish feed, along with effective cost management. The Board of Directors has approved a total annual dividend of THB 0.60 per share.

Mr. Peerasak Boonmechote, Chief Executive Officer of Thai Union Feedmill PCL, stated that the 2025 operating performance marked a significant milestone for the Company. Total sales reached THB 6,035 million, a notable 12.5% increase from the previous year, underscoring TFM’s strong leadership in the aquafeed industry and consistent expansion across all business segments.

Gross profit rose to THB 1,340 million, up 33.4% yoy, driven by a strategic shift toward higher‑margin products and effective raw material cost management amid economic volatility. As a result, gross profit margin improved to 22.2%, compared to 18.7% in the prior year, supporting a surge in net profit to THB 733 million, up 36.9%.

For Q4 2025, TFM continued to maintain strong growth momentum, posting sales of THB 1,634 million, up 14.3% yoy. The primary growth driver was the shrimp feed segment, which increased significantly by 21.4% due to rising domestic demand and export expansion. Fish feed sales also grew by 6.7%, led by an exceptional 25.3% increase in seabass feed, reinforcing TFM’s market leadership in this segment.

The Company delivered gross profit of THB 365 million, up 24.5% yoy, supported by robust sales volume growth, a higher proportion of high‑margin products, and lower raw material costs. Consequently, gross profit margin improved to 22.3%, compared to 20.5% in the same period last year.

TFM also maintained strong cost discipline, with selling and administrative expenses to sales ratio reduced to 9.3%, down from 10.2% a year earlier. In addition, the Company benefited from BOI tax incentives for shrimp and fish feed production at its Songkhla and Samut Sakhon plants, which commenced in August 2025. This resulted in a significantly lower effective tax rate of 0.9% for the quarter.These factors contributed to a net profit of THB 184 million for Q4/2025, an increase of 22.1%, underscoring TFM’s strong and sustainable profitability.

Given the Company’s robust performance, the Board of Directors approved a second‑half dividend of THB 0.30 per share, fully derived from BOI‑promoted profits. Combined with the interim dividend, total dividends for fiscal year 2025 amount to THB 0.60 per share. The dividend payment is subject to approval at the Annual General Meeting scheduled for 7 April 2026.

The CEO added that, beyond the financial success, TFM implemented key structural initiatives during the year to enhance liquidity and strengthen competitiveness. These included a par value split from THB 2 to THB 1 per share, as well as a strategic decision to divest 51% of AMG‑TFM in Pakistan to optimize the investment portfolio and reduce risks associated with complex overseas operations.

Throughout 2025, TFM advanced its business under four core strategies: ensuring consistent feed quality, deepening collaboration and joint growth with farmers, expanding strategic partnerships domestically and internationally, and driving sustainable operations with continued innovation.

The Company’s achievements were recognized through several national awards, including the “Outstanding Innovative Company Award” at the SET Awards 2025; the Senior CEO Award in Agriculture and Food Industry at the CEO Econmass Awards 2025; recognition as a Human Rights Model Organization 2025 by the Ministry of Justice for the fifth consecutive year; and inclusion in ESG100 2025 by the Thaipat Institute. These accomplishments reaffirm TFM’s commitment under the Thai Union Group’s SeaChange® 2030 strategy, reflecting its dedication to sustainable growth that balances business performance with social, environmental, and stakeholder responsibilities.