Roy Chan (Tin Shu Chan), Chief Executive Officer of i-Tail Corporation Public Company Limited (SET: ITC), revealed at the “Opportunity Day” event hosted by the Stock Exchange of Thailand (SET) on November 11, that in the third quarter of 2025, the company recorded total revenue of THB 4,721.14 million, an increase of 6.44% from the same period last year which was THB 4,435.67 million.
The growth was driven by rising demand for premium products from key customers in the United States and leading global pet food companies, while the European market continued to progress as planned. As a result, net profit stood at THB 812.10 million, down 16.81% compared to the same period last year, which had a net profit of THB 976.22 million.
For the nine-month period ending September 30, 2025, the company had total revenue of THB 13,443.24 million, an increase of 3.16% from the same period last year which was THB 13,031.28 million. Net profit was THB 2,184.93 million, down 22.16% from the same period last year, which had a net profit of THB 2,806.81 million.
Chan further stated that the company’s sales volume grew by 11%, with sales in US dollars continuing to expand; however, the appreciation of the Thai baht limited total revenue growth to just 3.2%. The U.S. market remains the key driver of growth, while the European market has started to recover and the Asian and Oceanian markets are gradually rebounding.
The dog and cat food market is expected to maintain average annual growth of 3–4% through 2030, especially in the pet treats segment, which is part of the premium goods category and shows ongoing growth momentum.
At SUPERZOO 2024 in Las Vegas, USA, it was found that such products are highly popular, and sales from this segment accounted for 17.5% of total revenue in this quarter, up from 11–13% in the past two years. The company is confident that new products launched in the third quarter will sustain ongoing growth.
As for investment plans for the next 2–3 years, Chan stated that the current production capacity is sufficient to meet demand, so there is no need for major new investments. However, the company continues to consider new investment opportunities that create long-term value, particularly through mergers and acquisitions (M&A) to further business growth and enhance operational capabilities.
On the fourth quarter of 2025 outlook, Chan stated that sales volume and sales in US dollars will continue to grow, and performance is expected to be similar to the past three quarters. However, revenue in baht may be affected by exchange rates.
For 2026, the company will continue to build on existing initiatives, emphasizing product innovations and expanding further into the U.S. market, which remains the main market despite tariff risks, while the European market is gradually recovering. In addition, the company is placing importance on disciplined cost management and expects US dollar-denominated revenue to grow at a mid- to high single digit rate, or around 5–9%.
