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Charoen Pokphand Foods (CPF) reported a net profit of USD 723 million for the first nine months of 2025, a 57% increase year-on-year (yoy). Overseas operations generated most of this profit, accounting for two-thirds of total sales.
CEO Prasit Boondoungprasert explained that international markets now dominate CPF’s revenue. Overseas operations contribute about 62% of total sales, with exports adding another 5%.
Together, investments and joint ventures in 16 countries, plus trade through retail and wholesale partners in more than 50 countries, underpin CPF’s global reach.
This strong international footprint has helped the company offset domestic challenges and sustain growth momentum.
Sales growth supported by efficiency and cost control
For the nine-month period, CPF recorded total sales of USD 12.91 billion. Without the impact of foreign-exchange translation from the stronger Thai baht, sales would have grown by about 5% yoy.
Net profit rose sharply, supported by improved supply chain efficiency, effective cost management, and lower soybean meal prices across several countries compared to last year.
Challenges in global markets
Despite strong results, Mr Prasit noted that 2025 brought multiple challenges. These included animal disease outbreaks, US tariff measures, and sluggish consumer purchasing power in many markets.
To navigate these headwinds, CPF continues to monitor global developments, exercise caution in investment decisions, and adapt strategies to rapidly changing conditions.
Q3 results show mixed trends
In Q3, CPF reported sales of USD 4.16 billion. Excluding currency effects, sales increased 2% yoy.
Gross profit margin improved to 16.5%, up from 15.4% last year, reflecting efficient cost management and lower global soybean meal prices.
However, the fair-value adjustment of swine biological assets resulted in a USD 33 million loss.
Profit contributions from associates and joint ventures fell 33% to USD 74 million. Consequently, Q3 net profit declined 29% yoy to USD 155 million.
Risk management and expansion
Looking ahead, Mr Prasit noted that rapid global changes, shifting consumer behavior, and climate change impacts are key considerations.
CPF is prioritizing risk management and strengthening competitiveness in every market.
At the same time, the company is expanding in high-growth countries such as the Philippines and Vietnam, aiming to capture new demand while reinforcing its global position.
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