The company aims to achieve its 8–10% revenue growth target for 2026.
Thai Union Feedmill Public Company Limited (TFM) reported its Q1 2026 results, highlighting revenue of THB 1.325 billion (approximately €34 million) and a net profit of THB 148 million (approximately €3.8 million). This represents an 11.9% increase year-on-year, with a solid net profit margin of 11.1%.
According to the Thai aquaculture and livestock feed producer, these results were driven by the strong performance of its core business, shrimp feed. Despite rising raw material costs, this is encouraging the company to improve efficiency and focus more on international markets.
Specifically, this business segment generated THB 880 million (about €23 million), accounting for roughly 66% of total revenue, and grew 13.1% year-on-year, supported by higher sales volumes and an expanded domestic market share.
On the other hand, TFM's gross profit margin stood at 20.0%, down from 21.7% in the same period last year. This decline was mainly due to higher raw material costs, especially fishmeal, whose price rose by more than 30% year-on-year.
As part of its “low-carbon aquaculture” approach under the Thai Union Synergy 2026 program, the company aims to strengthen its competitiveness in premium segments and achieve its 8–10% revenue growth target for 2026.
"This will be supported by maintaining profitability through continuous cost control, increasing the share of higher-value products, and improving operational efficiency to ensure stable and sustainable long-term growth," said TFM CEO Mr. Peerasak Boonmechote.
Less than a month ago, Thai Union Group PCL confirmed that it will provide free Wi-Fi access on its fishing vessels for all crew members, reinforcing its commitment to employee welfare and social responsibility.