Thailand’s CFARM charts three-year growth plan

Digital transformation is advancing with Oracle NetSuite ERP, analytics, business intelligence systems, and AI applications in agribusiness to improve decision-making and operational efficiency.

Export capabilities are expanding to Europe, supported by Qualified LR – Europe Export certification, which enables access to the European market.

CFARM is also developing new products and organic agricultural outputs, such as dried chicken manure, to capture opportunities in organic farming.

A major investment is underway in a new layer egg farm business, which will serve as a fresh growth engine.

Egg farm development

One of the company’s key projects is the construction of a 200,000-layer egg farm under a contract farming model. Construction is currently 20% complete, with operations expected by the end of Q3 2026. Revenue recognition is anticipated in Q4.

CFARM has about USD 4.23 million from its IPO proceeds. Of this, USD 3.6 million will be allocated to the egg farm investment, while the remaining USD 0.63 million will support broiler expansion. The company confirmed that no mergers or acquisitions are currently planned.

Revenue outlook and growth drivers

In 2026, revenue will continue to be driven primarily by the broiler farming business. Once operations begin, the egg farm is expected to contribute around 15% of total revenue.

By 2027, the egg business is projected to account for 40% of total revenue, establishing it as a new S-Curve growth driver.

“Revenue this year will still be mainly from broiler farming, while the egg business will begin generating income in Q4 2026 and is expected to account for around 40% of total revenue by 2027,” Ms Mathucha said.

Risk management and market expansion

CFARM stated that geopolitical tensions in the Middle East have minimal impact on its contract farming structure. Imported feed ingredients primarily affect contract partners rather than the company directly, and price hedging mechanisms are already in place.

Logistics costs, however, could be affected by rising energy prices, as CFARM operates its own transport fleet. The company is exploring alternative energy solutions to reduce reliance on fuel.

For Q1 2026, CFARM expects solid growth in its broiler business, supported by strengthened biosecurity measures. Contract broiler prices have remained stable since last year.

Export operations also continue as normal, with Asia remaining the company’s primary export market. Recently, CFARM also obtained Farm First Assurance Scheme certification from LRQA, enabling exports to the EU and the UK.

The strategic initiatives highlight CFARM’s commitment to shifting to smart farming and revenue diversification, positioning the company for sustainable long-term growth in Thailand’s poultry industry.