Thaifoods Group Public Company Limited (SET: TFG) reported a contraction in its bottom line for the second quarter of 2026, as a significant downturn in commodity livestock prices weighed heavily on the meat producer’s core operations.
Net profit plunged 42.22% year-over-year to THB 1,474.46 million, down from THB 2,552.05 million in the same period last year. Total revenue saw a more modest retreat, declining 1.83% to THB 18,601.84 million.
The earnings compression was fundamentally driven by a pricing slump in the Poultry and Swine divisions. Poultry revenue slid 22.61% to THB 3,982.15 million, hampered by an 11.78% drop in average chicken prices and a nearly 20% decline in sales volume. The swine business faced even steeper headwinds, with domestic prices collapsing 45.13% year-on-year, resulting in a 35.10% revenue decline for the segment.
Conversely, the Retail Shop business has emerged as the group’s primary growth engine and a critical buffer against livestock volatility. Retail revenue surged 29.45% to THB 8,756.07 million, now representing a dominant 47.07% of the total income structure. This growth was fueled by a massive expansion of the company’s physical footprint, which reached 748 shops in 2Q26, up from 462 a year prior.
The erosion of the gross profit margin to 18.45% from 24.02% during the same period last year reflects the challenging commodity environment, though the Feed business remained a stable contributor with a 3.99% revenue increase.
In addition, the Board of Directors approved an interim dividend payment of THB 0.225 per share to be paid on September 10, 2026, with an ex-dividend (XD) date on August 24, 2026.
