Betagro Public Company Limited (SET: BTG) has delivered a stellar financial performance for the fiscal year ending December 31, 2025, characterized by triple-digit profit growth and significant margin expansion.
The company reported a net profit of THB 6,684.6 million, representing a staggering 171% increase from the THB 2,466.2 million recorded in 2024. This surge pushed the net profit margin to 5.4%, up from 2.1% the previous year.
Total income rose 7% year-on-year to THB 122,950.3 million, fueled by an 8.1% increase in sales volume for core products like pork, chicken, and eggs. The company attributed this growth to rising domestic and international demand, particularly in the EU and UK markets, alongside the continued expansion of the pet business. Furthermore, domestic pork prices rose during the first half of 2025 due to supply constraints caused by swine disease outbreaks.
The company’s profitability was significantly bolstered by a 34% increase in gross profit, which reached THB 20,640.2 million. Gross profit margin improved from 13.5% to 16.9%. This enhancement was primarily driven by lower raw material costs—specifically for corn, soybean meal, and wheat—as well as a strategic focus on high-margin product portfolios, such as processed food and ready-to-eat meals.
Operational efficiency remained a key highlight, with EBITDA climbing 50.5% to THB 13,924.3 million. Despite the growth in scale, BTG maintained tight control over expenses, keeping its SG&A to Sales Ratio at 10.5%, consistent with 2024 levels.
Beyond the profitability, BTG strengthened its balance sheet by reducing total liabilities by 17.2% through the repayment of loans. This deleveraging resulted in the interest-bearing debt-to-equity ratio falling from 1.02x to 0.58x. TRIS Rating has maintained the company’s “A” credit rating with a “Stable” outlook, reflecting confidence in BTG’s strong capital structure and sustainable growth trajectory. The company also achieved a “AAA” SET ESG Rating for the second consecutive year.
At the upcoming 2026 Annual General Meeting of the Shareholders, the company will propose the dividend payment for the operating period from January 1 to December 31, 2025, at THB 1.50 per share. The dividend payment date was scheduled for May 20, 2026, with the ex-dividend (XD) date on March 10, 2026.
