Thai Union Group reported 5.5% year-on-year growth in its PetCare segment in Q1 2025, reaching THB 4.2 billion in sales, even as overall group revenue declined 10.3% to THB 29.8 billion.
The company cited strong performance in its pet food business as a bright spot, with PetCare gross profit margin reaching 24.5%. This comes amid declines in Thai Union’s core seafood categories, including a 14% drop in ambient sales and a 12.2% dip in frozen products.
“Despite a challenging macro backdrop, we continued to strengthen our core businesses, invest for long-term growth and deliver healthy profitability,” said Thiraphong Chansiri, CEO of Thai Union Group.
The company attributed the broader sales dip to a combination of lower organic growth, unfavorable foreign exchange rates, and pricing pressures across international seafood markets. However, cost discipline and supply chain planning helped Thai Union post a record-high Q1 gross profit margin of 18.8%. Adjusted net profit rose 8.9% to THB 1.3 billion.
Thai Union noted it is closely watching potential U.S. tariff changes and has proactively stocked inventory to cover 4 to 6 months of U.S. sales, particularly in seafood categories. The company also continues to diversify production through its 15 facilities in 13 countries.
In support of its sustainability goals, Thai Union secured a US$150 million Blue Loan from the Asian Development Bank to expand sustainable shrimp procurement in Thailand, part of its SeaChange 2030 strategy.
Adapted from a press release.
