Thai Union Feedmill Public Company Limited (SET: TFM), a leading Thai producer and distributor of aquafeed and economic animal feed, announced its Q2 2025 performance, achieving a record-breaking net profit of THB 194 million, up 49.7% year-over-year. Total sales reached THB 1,476 million, a 13.8% increase, driven by continued growth in domestic shrimp and fish feed products. Gross profit margin hit a new high of 22.9%, marking six consecutive quarters of strong growth. The company approved an interim dividend of THB 0.30 per share, representing a payout ratio of 92% of net profit. TFM is confident in achieving 7–9% revenue growth for 2025 and is committed to reaching THB 10 billion in revenue by 2030.
Mr. Peerasak Boonmechote, CEO of Thai Union Feedmill PCL, stated that the company achieved its highest-ever sales and net profit since listing on the Stock Exchange of Thailand. Sales grew 13.8% year-over-year to THB 1,476 million, mainly due to robust domestic market expansion. Shrimp feed products generated THB 929 million in sales, up 13.8%, driven by increased market share through new customer acquisition and expansion of existing customer bases. Fish feed sales reached THB 455 million, up 18.2%, supported by a 29.1% increase in seabass feed volume and a 16.1% rise in other fish feed types, reflecting successful market share expansion strategies and reinforcing TFM’s leadership in aquafeed.
TFM also maintained a strong financial position through effective financial management, with a low interest-bearing debt-to-equity ratio of just 0.08. For the first half of 2025, the company reported sales of THB 2,707 million, up 6.3%, and net profit of THB 326 million, up 39.5% year-over-year.
The Board of Directors approved an interim dividend of THB 0.30 per share, representing a 92% payout ratio, underscoring the company’s commitment to delivering consistent returns to shareholders. Mr. Peerasak added that TFM expects 2025 revenue to grow 7–9%, driven by continued growth in shrimp and fish feed businesses. The company aims to maintain its gross profit margin through portfolio management, production efficiency improvements, and effective raw material cost control. It also plans to manage SG&A expenses relative to sales to support long-term business growth.
TFM is actively pursuing its long-term growth plan to achieve THB 10 billion in total revenue by 2030, representing a compound annual growth rate (CAGR) of approximately 11%. To support this growth, the company continues to invest in Thailand and Indonesia, focusing on expanding production capacity, enhancing operational efficiency, and upgrading manufacturing technology. TFM is also open to new investment opportunities aligned with its sustainable growth strategy, including product development, market expansion, and strategic partnerships. Its strong cash flow and low debt structure provide flexibility in capital management and support stable business expansion.
