Bangkok, Thailand-based food conglomerate CP Foods reported declines in its net profit and sales in the third quarter of 2025.
According to the company’s Q3 report, the firm reported net profits of THB 5.2 billion (USD 159.8 million, EUR 138.7 million) in Q3, marking a 29 percent decline year over year despite successful cost management efforts, the company said in a filing to the Stock Exchange of Thailand.
The company largely attributed the decline to adverse market conditions impacting the valuation of its core livestock assets across Asia.
The aforementioned successful cost management efforts resulted in gross profits rising 4.4 percent to THB 22.9 billion (USD 706.3 million, EUR 612.7 million) and gross profit margin improving from 15.4 percent in Q3 2024 to 16.5 percent in Q3 2025. Besides bringing costs down, the company also attributed these figures to a decrease in global soybean meal prices, alongside strict safety and disease prevention measures, according to the company.
The company’s sales revenue, meanwhile, decreased by 3 percent to THB 138.6 billion (USD 4.3 billion, EUR 3.7 billion) in Q3, which was slightly affected by an appreciating Thai Baht on its international operations.
As for the firm’s aquaculture segment, CP Foods reported a decline in revenue for the division over the first nine months of 2025 but saw an increase in operating profit.
Aquaculture segment revenues in the nine-month period totaled THB 46.9 billion (USD 1.4 billion, EUR 1.3 billion), sliding 8.8 percent year over year. Of the total, animal feed revenue amounted to THB 25.1 billion (USD 772.4 million, EUR 670.2 million), down nearly 12 percent year over year, followed by animal farm products with THB 17.4 billion (USD 534.7 million, EUR 464 million) in revenue, marking a slight decrease of 0.6 percent year over year. Processed food and ready meals brought in THB 4.4 billion (USD 137 million, EUR 118.9 million), which was down 18.3 percent year over year.
The segment overall brought in operating profit of THB 2.5 billion (USD 75.6 million, EUR 65.7 million) in the period, which was up 20.8 percent year over year.
Within the segment, CP Foods said that its Ban Bueng aquafeed mill in Eastern Thailand has earned an Aquaculture Stewardship Council (ASC) Feed Standard certification, a move the company says will help lift the country’s shrimp industry to higher sustainability and traceability standards. This follows a similar achievement in July, when the Ben Tre aquafeed mill in Southern Vietnam, owned by CP Foods’ subsidiary C.P. Vietnam, also received the same certification. The certification opens the door to greater access to premium markets such as Europe, the United States, and Japan, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Looking forward, CP Foods’ CEO Prasit Boondoungprasert told the Bangkok Post that global volatility, shifting consumer behaviors, and the increasingly evident impacts of climate change require CP Foods to strengthen risk management and enhance competitiveness across all markets. Therefore, the company will continue to strategically expand in high-growth countries such as the Philippines and Vietnam, where long-term demand for food products remains strong, he said.
Boondoungprasert said this is part of a larger trend of the company’s revenue base becoming increasingly international. Overseas businesses contributed around 62 percent of total sales in Q3, while exports accounted for a further 5 percent, bringing CP Foods’ foreign-sourced revenue to roughly two-thirds of overall turnover. The company operates or holds joint investments in 16 countries, with products distributed through leading retail and wholesale channels in more than 50 markets worldwide, Bangkok Post reported.
This international push comes amid a challenging operating environment, however, which includes animal disease outbreaks in several countries, U.S. tariff measures, and weak consumer purchasing power in key markets.
Boondoungprasert said CP Foods is closely monitoring global conditions, exercising caution in its investments, and adapting strategies to respond to rapidly changing circumstances, Bangkok Post reported.
