22 Aug 2025
CPF reports better-than-expected H1 2025 profit
CPF reports better-than-expected H1 profit, soars 134% yoy – strong overseas operations drive growth.
Available in other languages:
Thailand’s Charoen Pokphand Foods (CPF) has reported a net profit of USD 580.18 million for the first half of 2025 (H1 2025), marking a 134% increase yoy—significantly surpassing market expectations.
The strong performance was largely driven by CPF’s international operations, which account for two-thirds of total sales. These overseas businesses continued to improve through enhanced supply chain efficiency, proactive disease prevention in livestock, and effective cost management. Lower input costs, particularly from soybean meal, further supported margins.
CEO Prasit Boondoungprasert revealed that the company recorded total sales of USD 8.94 billion in H1 2025. Of this, 62% came from international operations, 5% from exports, and 33% from domestic business. CPF currently invests or co-invests in 16 countries and exports food products to over 50 countries.
When viewed in local currencies, the company’s global sales grew approximately 6% yoy. However, due to the Thai baht’s appreciation, reported sales in financial statements showed a slight decline of around 1% from currency translation.
The significant growth in net profit stemmed from higher average prices of pork and chicken in several markets, driven by reduced livestock supply amid disease outbreaks—including avian influenza in over 40 countries and African swine fever (ASF) in various Asian nations. Meanwhile, feed costs declined yoy, especially for soybean meal, contributing to lower overall costs.
CPF places strong emphasis on food safety and nutrition across its supply chain and continues to invest in innovations, including robust systems for preventing livestock disease outbreaks. These efforts have helped the company effectively manage risks and maintain operational stability.
Looking ahead, Mr Prasit expressed confidence in the company’s outlook for the second half of 2025, expecting continued positive momentum.
Regarding US trade concerns, CPF noted that shrimp exports to the US account for less than 0.1% of total sales. With existing production facilities in the US and plans for further investment, CPF remains committed to its localization strategy—producing and selling in the same market.
The board of directors, in its meeting on August 14, 2025, approved an interim dividend of THB 1.00 per share for the first half of this year. The record date for shareholders eligible to receive the dividend is set for September 1, 2025, with payment scheduled for September 12, 2025.
