Content available at: ไทย (Thai)
Thailand’s integrated food company Betagro reported a 12.1% increase in total income to USD 918.4 million and a 1629.3% surge in net profit to USD 57.1 million in Q1 2025, marking a strong growth compared to the same period last year.
According to CEO and President Vasit Taepaisitphongse, this robust performance was driven by:
- Three core strategic pillars: 1) international expansion, 2) cost transformation, and 3) portfolio optimization focused on higher-margin products and distribution channels such as processed and ready-to-eat foods, food service and exports channels.
- Higher domestic chicken and pork prices.
- Growing demand for chicken and pork in overseas and domestic markets.
- Together with the first-time recognition of revenue contributions from the completed acquisition of Eggriculture Foods, Singapore’s integrated egg producer.
Profit numbers
In Q1 2025, Betagro reported a gross profit of USD 161.4 million, marking an 83.5% year-on-year increase. EBITDA rose 153.4% to USD 113.4 million, while net profit reached USD 57.1 million, reversing a USD 3.7 million loss from the same period last year. The recovery was driven by improved gross profit margins and stronger cost management.
Strategic pillars
This year, Betagro remains focused on three core strategic pillars, including:
- International expansion: pursuing mergers and acquisitions and strategic partnerships in high-potential, high-income markets.
- Product and channel mix optimization: shifting toward higher-margin products and distribution channels.
- Cost transformation: leveraging digital technology and process innovation to improve product quality and operational efficiency.
Furthermore, in Q1 2025, Betagro Foods (Singapore) contributed USD 21 million in revenue for the first time, following the successful acquisition of Eggriculture Foods
“This confirms the success of our international expansion strategy, while also highlighting our ongoing efforts to explore opportunities in other Asian markets such as the Philippines, Indonesia, and Vietnam, with an aim to become a leading regional player in the food industry,” said Mr Vasit.
Price recovery
Despite business challenges, particularly the US-China trade war, Betagro sees growth opportunities. The company expects continued recovery in domestic pork and chicken prices, alongside expected declines in key animal feed costs, namely soybean meal and cassava.
“This will support our business performance over the coming months, underpinned by robust demand from major export markets in Europe and Asia, along with improved cost efficiency. We believe we are on track to reach our 3-7% sales target this year,” Mr Vasit said.
Good governance
Betagro remains committed to the highest standards of good governance across its business operations. It was recently awarded the 3-star status, the highest certification level granted by Thailand Private Sector Collective Action Against Corruption (CAC).
This recognition underscores its long-term commitment to conducting business with ethics, transparency, and sustainable growth.