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Chuwit Farm (2019) Public Company Limited (CFARM) is reshaping its business strategy for H2 2025 by investing USD 3.75 million in a new closed-layer chicken farm.
Located in Buriram province, the facility will house 200,000 layers and is set to begin commercial egg sales in Q1 2026. While broiler farming remains the company’s core revenue stream, the company is diversifying to create a more stable and recurring revenue from egg production.
At the Opportunity Day investor event for Q2 2025, Sirirak Kaowchaimah, Deputy Managing Director of Accounting and Finance, and Mathucha Chuengthanasombun, Deputy Managing Director of Operations, outlined the company’s growth strategy.
CFARM currently operates broiler farms under contract farming agreements. By entering the egg business, the company aims to reduce income fluctuations and build long-term income stability.
The new layer project will feature a modern cage system designed with high standards for efficiency, biosecurity, and animal welfare. It marks CFARM’s official entry into the egg business as part of its broader push for sustainable and diversified growth.
Broiler operations remain strong
Despite the shift, CFARM’s broiler operations remain the backbone of its business, with an average production cycle of 3.18 million birds per cycle or 15.88 million birds annually.
Operating under a guaranteed-price contracts, the company is focused on enhancing cost efficiency and competitiveness through ongoing investments in technology and process upgrades.
Positive outlook
Thailand’s poultry industry is expected to perform well in H2 2025, driven by rising domestic consumption and growing export opportunities.
Global confidence in Thai poultry remains strong, thanks to LRQA-certified production standards. Moreover, falling prices of key feed ingredients like corn and soybeans are expected to decline. These trends are expected to boost profit margins for producers.
Q2 2025 financial highlights
For the quarter ending June 30, 2025, CFARM reported USD 3 million in revenue from its contract broiler farming business. This is down 8.28% year-on-year due to a 16.38% drop in production volume, or approximately 1.175 million fewer birds.
Revenue from byproduct sales also fell by 52.56%, driven by both lower prices and reduced volumes, partly due to climate-related impacts.
The company also recorded an inventory revaluation loss of USD 81,800, in line with accounting standards.
However, CFARM successfully reduced total production costs by 6.35% to USD 2.61 million, reflecting effective cost management. The net loss for H1 2025 stood at USD 82,900, just 2.76% of broiler business revenue.
Looking ahead
“[Despite challenges in H1], CFARM showed solid cost management,” said Dr Sirirak. “We’re moving ahead with our plan to stabilize revenue through large-scale egg production and continued upgrades to our broiler operations.
“With rising domestic demand, expanding export markets, and decreasing feed costs, CFARM is well-positioned to strengthen its revenue structure and sustain long-term, resilient growth.”