Bangkok-headquartered Thai Union Group PCL has reported an adjusted net profit of THB 1.5 billion for the third-quarter of 2025, marking a sequential improvement and signalling a return to organic sales growth despite ongoing global market challenges.
Reported sales for the quarter reached THB 34.5 billion, slightly down year on year, largely due to foreign exchange impacts.
The company highlighted strong performance in its Frozen and PetCare segments as key drivers of growth. Gross profit margin stood at a robust 19%, supported by improved margins in the frozen business, favourable product mix, and lower feed costs. Earnings per share increased 12.1% year on year to THB 0.34.
“Our Q3 results show that Thai Union is exceptionally resilient and regaining momentum,” said CEO Thiraphong Chansiri. “Encouraging signs of organic growth, improved sales volumes, and a strong gross margin confirm that our strategic transformation programmes are on track.”
Segment highlights included:
- Frozen – Sales rose 5.1% year on year, with a seven-quarter high gross margin of 13.8%, driven by strong organic growth and improved feed sales
- PetCare – Organic sales grew 6.2% in Thai baht terms and 14.2% in US dollars, with growth particularly strong in the US and Europe
- Ambient – Sales declined 3.8% year on year due to FX impacts and softer demand from US private-label retailers, while volumes remained relatively flat
Thai Union’s strategic transformation programmes, Project Sonar and Project Tailwind, remain central to its 2030 roadmap, while transformation costs, which have affected short-term profitability, are expected to taper off in 2026.
The company also continues to focus on cost optimisation across manufacturing, procurement, and overheads, targeting net savings of US$ 118 million by 2027.
In 2025, the company secured THB 24 billion in blue financing, combining use-of-proceeds blue bonds with sustainability-linked bonds, achieving 3.7 times oversubscription and reinforcing its goal of sourcing 100% long-term financing from sustainable sources by 2030.
“As we look ahead, our focus is on finishing 2025 strong and setting the stage for a successful 2026,” Chansiri said. “We are building a simpler, leaner, and faster organisation – one that is ready to lead in marine health and nutrition.”
