Charoen Pokphand Foods Public Company Limited (CPF) operates an integrated agro-industrial and food business. With the goal of creating food security under the vision of being the "Kitchen of the World" with sustainable growth, it has production bases through investments and joint ventures in 17 countries worldwide. The company is committed to developing and delivering nutritious and palatable products to consumers. With production processes and operations that maintain a balance between economic success and creating shared value with all stakeholders based on good corporate governance.
| 9M25 | 9M24 | 2024 | 2023 |
|---|
| Revenues | 433,640.59 | 436,134.70 | 585,467.81 | 590,786.78 |
| Expenses | 388,744.12 | 408,187.57 | 548,763.16 | 581,427.31 |
| Net Profit (Loss) | 24,112.22 | 15,385.61 | 19,558.13 | -5,207.35 |
| Assets | 867,622.95 | 863,971.96 | 876,723.93 | 887,217.85 |
| Liabilities | 611,759.41 | 576,912.18 | 583,500.39 | 602,184.76 |
| Shareholders' Equity | 236,794.08 | 242,318.79 | 246,040.67 | 239,416.23 |
| Operating | 61,094.62 | 46,513.30 | 65,140.04 | 35,360.10 |
| Investing | -6,472.75 | -8,469.76 | -14,492.72 | -19,616.02 |
| Financing | -54,270.35 | -38,412.22 | -50,289.01 | -19,282.47 |
| EPS (Baht) | 3.01 | 1.88 | 2.39 | -0.75 |
| GP Margin (%) | 18.26 | 14.29 | 14.64 | 10.45 |
| NP Margin (%) | 6.26 | 4.05 | 3.81 | -0.43 |
| D/E Ratio (x) | 2.39 | 2.01 | 1.99 | 2.11 |
| ROE (%) | 11.81 | 6.49 | 8.06 | -2.10 |
| ROA (%) | 7.60 | 5.48 | 5.96 | 2.60 |
The company has established a globalization strategy by leveraging its expertise in a fully integrated agricultural business model to invest in various countries. Simultaneously, the company employs a value-added business strategy by enhancing nutritional value for consumers, responding to evolving consumer behavior, and developing and expanding distribution channels to ensure widespread product accessibility. Furthermore, the company's strategy includes fostering innovation for operational efficiency and utilizing digital transformation to maintain competitive costs, thereby elevating its competitiveness to the forefront of the industry. In addition, the company prioritizes sustainable operations, balancing economic success with value creation for all stakeholders, including the responsible utilization of resources, under the philosophy of sufficiency economy and the Charoen Pokphand Group's 3-Benefit Sustainability Philosophy, which aims to create benefits for the country, the people, and the company, based on good corporate governance.
For further Information can be found in the company's 2024 SustainabilityReport (https://www.cpfworldwide.com/th/sustainability/report)
CPF's integrated agro-industrial and food business can be categorized by product type into 3 categories: 1) Feed business, including the production and distribution of animal feed; 2) Farm-Processing business, including animal breeding, commercial livestock farming, and basic meat processing; and 3) Food business, including the production of semi-cooked and cooked processed meats, and the production of ready-to-eat meals, as well as the restaurant business.
In the first 9 months of 2025, the Company reported sales revenue of THB 430,335 million, reflecting a 0.4% decrease compared to the same period last year, due to the effect of foreign currency translation of international operations resulting from the appreciation of the Thai Baht. Excluding the mentioned impact, sales revenue would have increased by 5%. The sales revenue composition is as follows: 62% from international operations and 38% from Thailand operations (comprising 33% from Thailand domestic operations and 5% from Thailand export).
The Company reported net profit of THB 24,112 million, representing a 57% increase from THB 15,386 million in the first 9 months of 2024, due to the followings:
1. Gross profit margin improved from 14.3% in the first 9 months of 2024 to 18.3%, driven by effective cost management and a decline in global soybean meal prices compared to the previous year, together with the Company’s continued emphasis on production safety standards and strict disease prevention measures.
2. Share of profit of associates and joint ventures amounted to THB 9,493 million, an increase by 8%, primarily driven by the improved operating performance of CP All Public Company Limited.
- CPF Food and Beverage Co., Ltd. (a subsidiary of CPF) signed an agreement with NH Foods Ltd. to jointly develop and produce processed pork products for distribution in Thailand and across the Asian region,by establishing a joint investment company in Thailand named CPF NH Foods Co., Ltd.
- The Board of Directors of CPF has resolved to approve a share repurchase program (Treasury Stock) to generate returns for shareholders in the amount not exceeding 8,000 million baht.
More information can be found in the company's 2024 Annual Report (Form 56-1 One Report).
(https://www.cpfworldwide.com/th/investors/report-56-1)
- National Innovation Award for innovative organizations year 2025, in the Large and Medium Enterprise category, from the National Innovation Agency (Public Organization), awarded to AXONS
- Thailand Franchise Award 2025 Organized by the Department of Business Development (DBD), Ministry of Commerce, awarded to 5-star businesses, 2 awards include; Outstanding Thai Franchise Going International of the Year 2025 and First Runner-up Award for Ultimate Franchise of the Year.
- IAA Awards for Listed Company 2025 Organized by the Investment Analysts Association, 2 awards include ;
Best CEO in Food & Beverage Industry awarded
to Mr.Prasit Boondoungprasert
Best IR in Food & Beverage Industry awarded
to Mrs.Kobboon Srichai
| as of 30/09/25 | CPF | FOOD | SET |
|---|---|---|---|
| P/E (X) | 6.05 | 10.01 | 16.67 |
| P/BV (X) | 0.75 | 1.28 | 1.21 |
| Dividend yield (%) | 4.48 | 4.77 | 3.67 |
| 30/09/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 187,475.27 | 191,829.36 | 164,905.94 |
| Price (B/Share) | 22.30 | 22.80 | 19.60 |
| P/E (X) | 6.05 | 12.12 | - |
| P/BV (X) | 0.75 | 0.78 | 0.68 |
