GFPT Public Company (GFPT) Q1 2026 earnings summary

Executive summary

• Vertically integrated poultry producer focused on sustainability, aiming for carbon neutrality by 2030 and net zero by 2050.

• Recognized for ESG, anti-corruption, and corporate governance excellence, with multiple industry awards.

• 1Q2026 consolidated revenue was THB 4,267.84 million, down 8.21% year-over-year, mainly due to lower food segment revenue from decreased export volumes.

• Net profit for 1Q2026 was THB 517.11 million, a 19.01% decrease year-over-year, primarily due to lower share of profit from associates.

• EBITDA declined by 11.42% to THB 1,003.01 million, with EBITDA margin at 23.5%.

Financial highlights

• Gross profit was THB 624.86 million, down 4.17% year-over-year, with gross margin improving to 14.64%.

• SG&A expenses decreased by 13.39% to THB 315.74 million, mainly from lower freight costs.

• EPS for 1Q2026 was THB 0.41, down from THB 0.51 in 1Q2025.

• Net profit margin decreased to 11.78% from 13.45% in 1Q2025.

• Cash and cash equivalents rose by THB 2,012.81 million year-over-year to THB 4,672.15 million.

Outlook and guidance

• FY2026 revenue expected to grow 2%-3% from FY2025, with gross profit margin guidance of 15%-16% and SG&A at 7.5%-8% of sales.

• CapEx planned at THB 1.1-1.5 billion per year, mainly for farm and processing expansion, including a new plant in Chonburi.

• Financial cost projected at 1.5%-2.5% of sales; effective tax rate 10%-15%.