Betagro Public Company Limited (SET: BTG), a leading integrated food company in Thailand, reported a 12.1% increase in total income to 30,499.0 million baht and a 1,629.3% surge in net profit to 1,897.8 million baht in the first quarter of 2025, marking a strong growth compared to the same period last year. This robust performance was driven by three core strategic pillars — international expansion, portfolio optimization, and cost transformation — and higher domestic prices and growing demand for pork and chicken, together with the first-time recognition of revenue contributions from the completed acquisition of Eggriculture.
Vasit Taepaisitphongse, Chief Executive Officer and President of Betagro, said BTG delivered a solid growth in the first quarter of 2025, with particularly strong momentum in its food and protein business, largely attributed to our three key strategies, — international expansion, a portfolio optimization focused on higher-margin products and distribution channels such as processed and ready-to-eat food, food service and exports channels, and cost efficiency, together with higher domestic pork and chicken prices, rising consumption in overseas and domestic markets. BTG’s total income, as a result, soared to 30,499.0 million baht, up 12.1%YoY from 27,215.4 million baht in 1Q24.
For the first quarter of 2025, BTG’s gross profit amounted to 5,362.7 million baht, up 83.5% from 2,921.8 million baht in the same quarter last year, while the gross profit margin rose to 17.7% in the first quarter of 2025, up from 10.8% in the same period last year. BTG’s EBITDA was 3,766.8 million baht, an increase of 153.4% from 1,486.6 million baht of the same period last year. The net profit was 1,897.8 million baht, a turnaround from a net loss of 124.1 million baht in the same quarter last year. The recovery stemmed from enhanced gross profit margin and improved cost control.
This year, BTG remains focused on three core strategic pillars, including:
1) International expansion: pursuing M&A, and strategic partnerships in high-potential, high-income markets
2) Product and Channel Mix Optimization: shifting toward higher-margin products and distribution channels
3) Cost Transformation: leveraging digital technology and process innovation to improve product quality and operational efficiency
Furthermore, BTG began recognizing revenue contributions of SGD27.3 million (or 688.8 million baht) from Betagro Foods (Singapore) Limited for the first time in the first quarter of this year, following the completion of the acquisition of Eggriculture, a leading Singaporean egg producer. This confirms the success of our international expansion strategy, while also highlighting our ongoing efforts to explore opportunities in other Asian markets such as Philippines, Indonesia, and Vietnam, with an aim to become a leading regional player in the food industry.
“Despite business challenges, particularly the US-China trade war, we see growth opportunities driven by the continued recovery in domestic pork and chicken prices as well as expected declines in key animal feed costs, namely soybean meal and cassava. This will support our business performance over the coming months, underpinned by robust demand from major export markets in Europe and Asia, along with improved cost efficiency. We believe we are on track to reach our 3-7% sales target this year,” said Mr Vasit.
Betagro remains committed to maintaining the highest standards of good governance across its business operations. It was recently awarded the 3-star status, the highest certification level granted by Thailand Private Sector Collective Action Against Corruption (CAC). This underscores Betagro’s commitment to conducting business with ethics, transparency and sustainable growth over the long term.
