Thai Union Group says its financial results for the second quarter and first half of 2025 demonstrate exceptional resilience and continued growth.
The results are driven by a record-high gross profit margin and disciplined cost management, translating to an 18% growth in earnings per share for the quarter.
The company also revealed a strategic agreement with Mitsubishi Corporation, reinforcing its global leadership in marine nutrition. “In line with changes in the global trade environment, our strategic transformation is delivering tangible value,” said Thai Union chief executive Thiraphong Chansiri.
“This focus on strengthening our core operations allowed us to achieve a significant lift in our gross profit margin.”
Second-quarter sales reached THB 33.4 billion (€880 million), impacted slightly by a 0.7% decline in organic sales and a 4.7% unfavourable foreign exchange rate. However, key segments like Ambient, Feed and PetCare saw continued organic growth. The group’s gross profit margin hit a record 19.7%, lifting the first-half GPM to 19.3%.
Adjusted net profit for Q2 rose 13.2% year-on-year to THB 1.5 billion (€40 million). For H1 2025, adjusted net profit grew 11.2% to THB 2.8 billion (€74 million). An interim dividend of THB 0.35 (€0.01) per share was approved.
Meanwhile, Mitsubishi Corporation will raise its stake in Thai Union from 6.19% to 20%, strengthening a partnership that began in 1991. “This alliance will accelerate our growth, enhance our competitiveness, and solidify our position as a global seafood leader,” Chansiri added.
The partnership will focus on high-growth areas like pet food and sustainable seafood, suing Thai Union’s processing expertise and Mitsubishi’s distribution network, all while deepening shared ESG commitments under Thai Union’s SeaChange 2030 strategy.
