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Charoen Pokphand Foods Public Co Ltd reported a net profit of USD 804 million in 2025, a 29% year-on-year increase. The improvement was driven by stronger gross profit margins and disciplined cost management.
Total sales revenue reached USD 18.2 billion, down 2% from 2024. The decline reflected the appreciation of the Thai baht, which reduced the value of overseas earnings when translated into local currency.
On a local currency basis, however, sales grew 3% year-on-year, supported by stronger overseas businesses. Revenue contributions were 62% from overseas operations, 5% from exports to nearly 50 countries, and 33% from domestic operations in Thailand.
Efficiency gains and market tailwinds
CPF operates in 13 countries, including Vietnam, China, Russia, the Philippines, Cambodia, the United States, Malaysia, the United Kingdom, India, Türkiye, Laos, Belgium, and Sri Lanka. Most production serves local markets, reinforcing food security and supply stability.
Improved efficiency across the supply chain, combined with tighter production cost controls, strengthened profitability. Raw material costs declined, particularly soybean meal prices, while regional pork prices rose, especially in H1 2025.
As a result, CPF’s gross profit increased 14% compared with 2024. The gross profit margin improved to 16.9%, up from 14.6% in the previous year.
Driving growth through ‘sustainovation’
CPF CEO Prasit Boondoungprasert said the company’s performance reflects its commitment to strengthening fundamentals, adapting to a changing environment, and enhancing asset management. Despite challenges such as currency pressure and industry competition, CPF delivered record net profit in 2025.
Looking ahead, CPF remains focused on strengthening food security in both normal and crisis situations. The company will continue advancing its ‘sustainovation’ strategy, focusing on food security, asset efficiency, and digital transformation. The company aims to develop products that meet evolving consumer needs while sustaining growth momentum in 2026.
Dividend milestone and financing expansion
The Board of Directors approved a second dividend payment of USD 0.008 per share for 2025. Combined with the interim dividend of USD 0.032 per share paid in September, the total dividend amounts to USD 0.04 per share—the highest in CPF’s history.
The proposal will be submitted for shareholder approval at the Annual General Meeting on April 23, 2026. The Board also resolved to propose an increase in the company’s bond issuance program by USD 1.6 billion, providing greater flexibility to refinance loans with more cost-efficient funding sources.
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