Mr. Phet Nantavisai, Chief Operating Officer of Thai Foods Group Public Company Limited (SET: TFG), stated that for the 2026 business plan, the company aims to drive its business through retail channels and expand operations in Vietnam to generate sustainable revenue.
For the retail business, the Thai Foods Fresh Market stores are a key growth engine (S-Curve). TFG targets to increase the number of outlets from 615 in 2025 to 850 in 2026 and plans to expand production bases and distribution centers in the Northeastern region to build a stronger revenue base and reach consumers directly.
For overseas operations, especially in Vietnam, the segment remains a vital growth engine. In 2026, the company will commence construction of a feed mill and expand its chicken business to complement its existing swine operations, which are also undergoing farm expansions. Completion of these projects is expected by late 2026, which should improve both revenues and overall production costs starting from 2027.
TFG is targeting continued revenue growth in 2026, aiming for a new all-time high. The bulk of revenue is projected to come from the retail business, accounting for about 50%, followed by swine, chicken, and feed businesses, respectively.
Regarding investment plans, the company has allocated a budget of THB 4–4.5 billion, with around 60% earmarked for retail expansion. The remainder will be invested in upstream businesses to support the supply chain of the company’s retail stores. Meanwhile, raw material costs in 2026 are expected to fall, with approximately 60–70% of raw material prices already locked in.
Overall, the outlook for 2026 marks a clear transition from a production-driven business to a market-driven business, achieved through the expansion of its own retail channels. This enables TFG to directly access consumer data and reduce price volatility in livestock, leading to long-term sustainability.
For the nine-month period ending September 30, 2025, the company reported a record-high net profit of THB 6.3 billion, an increase of THB 4.02 billion or 177.70% year-on-year. Total revenue reached THB 55.10 billion, up 14.60% from last year, driven by growth in retail, Thai swine, and Vietnamese swine businesses.
In 2025, TFG paid interim dividends on three occasions totaling THB 0.40 per share: the first on June 11, 2025, at THB 0.075 per share, the second on September 5, 2025, at THB 0.225 per share, and the third on December 11, 2025, at THB 0.10 per share. This reflects the company’s strong financial position and stable cash flow.
