Charoen Pokphand Foods Public Company Limited (SET: CPF) has announced a robust financial performance for the full year 2025, marked by a significant double-digit increase in bottom-line growth.
According to the company’s latest management discussion and analysis, net profit attributable to the company reached THB 25,197 million, representing a sharp 29% increase from the THB 19,558 million recorded in 2024.
While profit grew substantially, total sales revenue settled at THB 571,135 million, reflecting a slight 2% decline compared to the previous year. Management attributed this decrease primarily to the appreciation of the Thai Baht; notably, had the currency remained stable, sales revenue would have shown a 3% increase. The company continues to maintain a strong global footprint, with 62% of its revenue derived from international operations across 13 countries—including Vietnam, China, and the United States—while Thailand-based operations accounted for the remaining 38%.
The standout feature of the 2025 results was the marked improvement in profitability margins. Gross profit rose by 14% to THB 96,665 million, driving the gross profit margin up to 16.9%, compared to 14.6% in the prior year. Several critical factors underpinned this expansion:
- Lower Raw Material Costs: The company benefited from a decline in global soybean meal prices, triggered by oversupply from major producers like Brazil and the U.S., coupled with slowing demand from China.
- Operational Efficiency: CPF credited improved production cost efficiency and the maintenance of high hygiene and safety standards, which effectively reduced loss risks and enhanced output.
- Favourable Livestock Prices: Regional swine prices averaged higher than in 2024, particularly during the first half of the year, due to a reduction in market supply.
Additionally, the Board of Directors approved a THB 0.25 dividend payment to be paid on 22 May 2026. The ex-dividend date is 5 May 2026.
