GFPT Public Company (GFPT) investor relations material

Executive summary

• Vertically integrated poultry operations cover feed, breeding, broiler farming, processing and exports; targets carbon neutrality by 2030 and net zero emissions by 2050.

• Cooked chicken represented 86% of exports, with Japan the largest destination at 51%.

• Q3 sales rose 1.82% YoY to THB 4,826.98m; 9M sales declined 3.70% to THB 13,742.67m.

Financial highlights

• Q3 attributable net profit rose 7.57% to THB 769.57m; consolidated net profit was THB 772.0m, versus THB 720.7m a year earlier.

• Q3 gross profit fell 10.70% to THB 859.60m; gross margin narrowed to 17.81% from 20.31% as higher corn and soybean costs lifted cost of sales to 82% of revenue.

• Q3 operating profit rose 4.42% to THB 741.41m, EBIT increased 9.46% to THB 900.61m, and EBITDA rose 6.12% to THB 1,346.94m.

• Other income increased to THB 226.81m from THB 92.15m, mainly on higher insurance claims; FX results swung to a THB 5.45m gain from a THB 4.85m loss.

• 9M attributable net profit fell 5.44% to THB 1,887.30m; consolidated net profit was THB 1,895.8m, while operating profit rose to THB 1,728.3m and associate profit fell 29.99% to THB 442.0m.

Outlook and guidance

• FY2026 guidance: flat sales versus FY2025, gross margin of 16%-17%, and SG&A of 7%-8% of sales.

• Financial cost guidance is 1.5%-2.5% of sales and effective tax rate 10%-15%; both are expected to remain similar to 2025.

• FY2026 capex budget is THB 1.0bn-1.2bn; broiler farm expansion and investment plans may be adjusted to market conditions.