GFPT Public Company (GFPT) Q3 2025 earnings summary

Executive summary

• Vertically integrated poultry producer focused on sustainability, aiming for carbon neutrality by 2030 and net zero by 2050, with strong corporate governance and industry recognition in 2024.

• 3Q2025 consolidated revenue was THB 4,740.59 million, down 6.14% year-over-year, mainly due to lower food segment revenue from decreased export volumes, especially to the UK.

• Net profit for 3Q2025 increased 32.04% to THB 715.41 million, with net profit margin rising to 15.1% from 10.7% last year.

• Gross profit margin improved to 20.31% from 15.53% year-over-year, mainly due to lower feed raw material costs; EBITDA margin rose to 26.8%.

• Operates across feed, farm, and food segments, with significant export presence and a simple group structure including key joint ventures.

Financial highlights

• 2024 consolidated revenue was THB 19.3 billion, up 2% from 2023; 9M2025 revenue was THB 14,270.90 million, down 1.01% year-over-year.

• 9M2025 net profit was THB 1,995.98 million, up 25.47% year-over-year; net profit margin increased to 14%.

• 3Q2025 gross profit was THB 962.59 million, up 22.69% year-over-year; EBITDA for 3Q2025 was THB 1,269.27 million, up 15.93%.

• EPS for 3Q2025 was THB 0.57; dividend payment THB 0.2 per share (12.7% payout).

• Total assets as of September 2025 were THB 27.58 billion, up 4.8% from FY2024.

Outlook and guidance

• FY2025 revenue is expected to remain flat compared to FY2024; gross profit margin guidance at 16.5%–17.5%.

• SG&A ratio expected at 7%–7.5%; CapEx planned at THB 1–1.2 billion, mainly for farm and processing expansion.

• New chicken processing and further processing factories under construction to meet rising demand and expand customer base.