The Company operates as a Supply Chain Platform Manager, aiming to create added value for fresh and frozen fruits, covering both domestic and international markets under the Company's and partner brands, focusing on an Asset-light model strategy and managing the end-to-end supply chain through a strong network of partners, while driving the 2Q2T standard to control quality, quantity, time, and traceability efficiently.
| 2025 | 2024 | 2023 | 2022 |
|---|
| Revenues | 2,524.96 | 1,118.51 | ||
| Expenses | 2,236.42 | 1,028.64 | ||
| Net Profit (Loss) | 229.62 | 64.27 |
| Assets | 703.30 | 227.63 | ||
| Liabilities | 249.78 | 144.78 | ||
| Shareholders' Equity | 453.52 | 82.85 |
| Operating | 0.24 | 32.67 | ||
| Investing | -57.68 | -0.84 | ||
| Financing | 166.59 | -34.50 |
| EPS (Baht) | 1.60 | 4.59 | ||
| GP Margin (%) | 19.51 | 16.03 | ||
| NP Margin (%) | 9.09 | 5.75 | ||
| D/E Ratio (x) | 0.55 | 1.75 | ||
| ROE (%) | 85.62 | 77.58 | ||
| ROA (%) | 65.26 | 39.39 |
In 2026, the Company advances the JUMP+ strategy to evolve from an agricultural trader to a comprehensive Supply Chain Platform Manager. Key initiatives include expanding the sourcing network internationally, such as in Vietnam, to ensure year-round supply, and diversifying into new fruit varieties and processed goods to mitigate product reliance. To boost operational efficiency, the Company is investing in automated sorting, durian CT scans, and a robust ERP system. Furthermore, strategic logistics partnerships will strengthen end-consumer reach in the core Chinese market. Through these combined efforts, the Company targets a net profit of 1,030 million Baht by 2028, delivering stable and sustainable shareholder returns.
The Company is committed to conducting business under the ESG framework, aiming to achieve growth while prioritizing responsibility towards the environment, society, and all stakeholders. In the environmental dimension, the goal is to reduce greenhouse gas emissions per employee to 2.65 tCO2e by 2028 through the transition to hybrid and electric vehicles. Socially, the organization enhances farmers' and communities' livelihoods through knowledge transfer and the creation of economic opportunities. In governance, the Company targets at least 30% female board representation, pursues Thai CAC certification, and establishes a comprehensive Succession Plan to ensure sustainable long-term growth.
By driving the organization through comprehensive upstream-to-downstream supply chain integration and an Asset-light strategy that minimizes large fixed assets, the Company possesses the high agility needed to adapt quickly to market conditions and expand operations efficiently. Operationally, the Company elevates quality control standards via the 2Q2T framework (Quality, Quantity, Time, Temperature). Which covers every step, from product sourcing and quantity control that match market demand to precise time management and a transparent traceability system, ensuring that exported fruit, particularly durian, maintains consistent premium quality. Consequently, such dedication builds strong confidence in destination markets and remains a crucial factor supporting the Company's continuous and significant growth.
In 2025, the Company achieved remarkable growth, with total revenue of 2,524.96 million Baht, an increase of 125.74% from the previous year, primarily driven by the continuous growth in durian demand in the Chinese market. The Company not only grew revenue but also enhanced overall profitability, with gross profit increasing to 19.51%, driven by premium product quality management, appropriate pricing strategies, and efficient procurement cost management. These supporting factors resulted in the Company achieving a net profit of 229.62 million Baht, with a net profit margin of 9.09%, reinforcing the capability to generate returns. These operational results demonstrate a solid foundation for sustained long-term business expansion and growth. Furthermore, instill investor confidence by showcasing the Company as a continuously growing enterprise.
In 2025, the Company achieved significant organizational enhancement. The successful public transformation and listing on mai on December 16 reflected a strong commitment to governance, transparency, and strengthening the capital structure for long-term growth. Operationally, the company advanced global expansion by launching consumer-centric products, such as peeled and frozen durian, to penetrate high-potential markets like the U.S. and Hong Kong, thereby mitigating seasonal constraints. Simultaneously, technology investments, including precision weight-sorting machines and air-blowing dehumidifiers, boosted production efficiency and reduced processing time by over 50%. Furthermore, expanding the packing house network and deepening customer relationships strengthened the entire supply chain.
The Company proactively manages risks to reduce volatility and ensure stable growth. To mitigate market risks, we expand the customer base and diversify product lines, reducing reliance on single revenue streams. For procurement, we secure exclusive contracts with certified packing houses while maintaining alternative supply sources. To safeguard liquidity, the Company limits partner advance deposits to 20% of contract value and proactively plans cash flows to support growth. Regarding external risks like climate change, proactive measures include disseminating crop care knowledge and developing personnel to effectively support farmers. Additionally, foreign exchange volatility is mitigated by hedging 100% of foreign currency orders via Forward Contracts. This comprehensive approach builds investor confidence and ensures resilient growth across all market conditions.
The Company received the Fast Enterprise Award from the Asia Pacific Enterprise Awards 2025, reflecting our capabilities in financial performance, management, and social responsibility at an international level.
| as of 30/12/25 | NTF | AGRO | mai |
|---|---|---|---|
| P/E (X) | 5.92 | 19.78 | 60.23 |
| P/BV (X) | 2.59 | 2.10 | 1.12 |
| Dividend yield (%) | - | 7.36 | 3.99 |
| 30/12/25 | - | - | |
|---|---|---|---|
| Market Cap (MB) | 1,240.00 | N/A | N/A |
| Price (B/Share) | 6.20 | N/A | N/A |
| P/E (X) | 5.92 | N/A | N/A |
| P/BV (X) | 2.59 | N/A | N/A |