i-Tail Corporation Public Company Limited (SET: ITC), a global leader in the pet food industry, reported second-quarter 2025 results with sales of THB 4,473 million, up 5.3% from the previous quarter.
The increase was driven by an 6.9% rise in sales volume, supported by strong demand from leading global pet food importer brands. Gross profit reached THB 1,120 million, rising 9.6% quarter-on-quarter, while adjusted net profit stood at THB 803 million.
The company approved an interim dividend of THB 0.40 per share. ITC is considered a high-potential SET50 index stock with a consistent track record of attractive dividend payouts.
Roy Chan, Chief Executive Officer of i-Tail Corporation PCL, said, “Our first-half performance reflects the strength of our customer relationships, the solid foundation of our business model, and the success of our long-term growth strategy. The continued increase in sales volume highlights the trust our global partners place in us and the rising demand for our high-quality, innovative pet food solutions.
Despite global uncertainties, including shifting U.S. tariff policies, a slowing economy, and foreign exchange volatility, our priority is to remain agile and resilient. We are focused on leveraging innovation to enhance efficiency, reduce costs, expand our market reach, and deliver sustainable value to all stakeholders.”
In the first half of 2025, ITC recorded sales of THB 8,722 million, representing a 8.1% increase in U.S. dollar sales.
Sales volume rose 12.2% year-on-year, supported by gross profit of THB 2,141 million and adjusted net profit of THB 1,597 million. The growth in the first six months was driven by new commercial successes, including new projects in the U.S. valued at USD 56 million and the first shipments to new importer brands in the U.K. and Europe. These efforts are aligned with i-Tail’s core capabilities, including a growing portfolio of global customers, reliable access to premium raw materials, and innovation driven by skilled teams and talent. This has solidified ITC’s position as a trusted and approved supplier to leading global brands. In addition, the company generated THB 1,635 million in revenue from new products and continues to expand its portfolio and accelerate product innovation to meet evolving consumer demands.
“We remain committed to accelerating growth through Project Tailwind, which is designed to optimize manufacturing and procurement while increasing efficiency on cost management,” said Chan. “Importantly, ITC maintains strong cash flow, enabling us to explore strategic partnerships and merger and acquisition opportunities to develop manufacturing efficiency and expand our long-term research and development capabilities. These efforts give us confidence in achieving our 2030 growth targets. Additionally, we are targeting an uplift in operating profit of USD 50 million starting from 2027.”
The company has also prepared strategic measures to mitigate potential impacts from U.S. tariff policies. ITC is working closely with customers to assess the situation and develop cost-sharing strategies, while expanding its operations to
