Gfpt Public Co. Ltd. · SET:GFPT
Gfpt Public — FY2025 Earnings Presentation
38 slides from Gfpt Public's earnings presentation, Feb 19, 2026
Slide 1: FY2025 Result Presentation
FY2025 Result Presentation Analyst Meeting No.1/2026 19 February 2026 GFPT Public Company Limited Analyst Meeting No. 1/2026 | 19 February 2026 | page 1
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about GFPT Public Company Limited (“GFPT” or “the Company”) and its subsidiaries (jointly the “GFPT Group”) as at 30 December 2025 and, unless stated otherwise. The information does not purport to be complete or comprehensive. This presentati
Slide 3: Agenda
Agenda GFPT Profile FY2025 Financial Results Broiler Industry Outlook FY2026 Guidance Q&A Appendix: Key Statistics Analyst AnalystMeeting MeetingNo. No.3/2025 1/2026 | | 14 19August 2025 February | page 2026 3 3 | page
Slide 4: About GFPT
About GFPT GFPT Public Company Limited (TB:GFPT), founded in 1981 with headquarters in Bangkok, Thailand, is one of Thailand’s chicken processors and marketers. We are specialized in fully vertical integrated chicken production starting from feed mill, grandparent breeder farm, parent breeder farm,
Slide 5: Sustainable Business Operations
Sustainable Business Operations GFPT is committed to being a trusted and responsible food producer, delivering high-quality, nutritious chicken products through a fully integrated, sustainable, and ethical production process. We integrate the Triple Bottom Line (TBL) framework to create balance betw
Slide 6: Vision
Vision Analyst Meeting No. 1/2026 | 19 February 2026 | page 6
Slide 7: Sustainability Development
Sustainability Development GFPT supported Sustainable Development Goals (SDGs) which was incorporated in the Company's objectives and operations. Analyst Meeting No. 1/2026 | 19 February 2026 | page 7
Slide 8: GFPT Awards
GFPT Awards “Excellent” rating from the CGR (Corporate Governance Report of Thai Listed Companies) Anti – Corruption Certified to be a member of CAC (Collective Action Coalition) The Company received the Quality Best Investor Relations SWA Top Performance Cobb Champion Outstanding Entrepreneur Asses
Slide 9: GFPT Awards
GFPT Awards Symbol GFPT Shareholding Structure SET100 / SET100FF / SETESG as of 6 March 2025 Industry / Sector Agro & Food Industry / Agribusiness 2025 CG Score Excellent [90 – 100 CG Report Score] Anti – Corruption Certified to be a member of CAC Closed Price THB 9.55 per share (30/01/2026) Average
Slide 10: Group Structure
Group Structure GFPT GFPT Public Company Limited Chicken Evisceration and Processed Food 5 Subsidiaries 2 Joint Ventures Keystone Foods Inc. [51%] McKey | 49.00% McKey Food Services (Thailand) Ltd. Frozen Processed Food KT | 98.34% FKT | 99.99% GFF | 99.99% Krungthai Food PCL. Krungthai Farm Co., Lt
Slide 11: Fully Vertical Integrated Chicken Production
Fully Vertical Integrated Chicken Production Analyst Meeting No. 1/2026 | 19 February 2026 | page 11
Slide 12: GFPT Timeline
GFPT Timeline GFPT: Stock split from GFPT Initially established GFPT Listed in SET THB 10 to THB 1 per share 1981 1992 2010 Become a Fully Vertical Integration JV Partnership & Extended Integration & Cook Product Organic Growth with Capacity Expansion for the whole chain 1990 1991 1993 2003 2008 201
Slide 13: Strategic Expansion & Business Growth
Strategic Expansion & Business Growth Future Project GFPT Slaughter House Water Reservoir New slaughter house capacity at 150,000 birds per day GFPT Broiler Farm New Poultry Processing and Fully-Cooked Food Plants Raising capacity to reach 340,000 birds per day Project, Chonburi GFPT Further Process
Slide 14: Product
Product Chicken Parts and Meat [Bone-in, Boneless, Cut-up, Marinated] Cage Free Eggs DOC Live Broiler Animal Feed [Pig, Layer Hen, Duck, Cow, etc.] Cooked Product [Fully Cooked, Par-fried, Breaded, Steamed, Roasted] Shrimp Feed Processed Food [Sausage, Smoke Sausage, Chicken Meatballs] [Grandparent
Slide 15: FY2025 Snapshot
FY2025 Snapshot FY2025 Consolidated Revenue = THB 18.84 billion Revenue by Segment - 2% 18,840 18,000 Farm 35% 15,000 Food 12,000 48% 9,000 6,000 Feed 3,000 17% - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue by Destination Revenue by Currency
Slide 16: FY2025 Market Position
FY2025 Market Position 2nd in Thai Chicken Export 7th in Thai Chicken Production GFPT GFPT Group Group 6% 12% Export by Destination Export by Product Type Others 10% China UK 8% 26% EU 12% Raw Cooked 40% 60% Malaysia Japan 18% 26% Source: Thai Broiler Processing Exporters Association Note: 2025 Thai
Slide 17: FY2025 Financial Results
FY2025 Financial Results Analyst Meeting No. 2/2024 | 9 MAY 2024 | page 17 Analyst Meeting No. 1/2026 | 19 February 2026 | page 17
Slide 18: FY2025 Financial Results
FY2025 Financial Results FY2025 Consolidated Revenue = THB 18.84 billion FY2025 Revenue Breakdown by Segment Business Segment of FY2025 FY2024 Change GFPT Group THB million % THB million % THB million % Food (Chicken Processing) 8,870.03 47.08 9,603.55 49.72 (733.52) (7.64) Farm 6,739.06 35.77 6,435
Slide 19: FY2025 Consolidated Income Statement
FY2025 Consolidated Income Statement (Unit in THB million) FY2024 %Sales FY2025 %Sales Change % Change Revenue from sales 19,314.08 100.00% 18,840.14 100.00% (473.94) (2.45%) Cost of sales (16,645.27) (86.18%) (15,759.11) (83.65%) (886.16) (5.32%) GROSS PROFIT 2,668.81 13.82% 3,081.03 16.35% 412.22
Slide 20: FY2025 Financial Results
FY2025 Financial Results Gross Profit & GP Margin (%) EBITDA & EBITDA Margin (%) 3,500 24% 5,000 26.8% 30% 20.3% 24.1% 4,500 24.4% 24.1% 27% 3,000 16.7% 21% 4,000 20.1% 21.0% 21.0% 24% 15.7% 16.4% 19.0% 2,500 13.8% 14.0% 14.2% 18% 3,500 21% 12.8% 16.8% 11.5% 15% 3,000 18% 2,000 12% 2,500 11.2% 15% 1
Slide 21: FY2025 Financial Results
FY2025 Financial Results EPS (THB per share) Return on Asset (%) 3,000 1.63 1.95 207% 204% 201% 30,000 12% 198% 1.57 195% 192% 189% 186% 183% 9.2% 2,500 180% 177% 174% 171% 25,000 9.0% 168% 1.10 165% 162% 159% 156% 153% 6.9% 7.6% 9% 150% 147% 144% 2,000 141% 138% 20,000 6.5% 1.08 135% 132% 129% 126%
Slide 22: FY2025 Consolidated Financial Position
FY2025 Consolidated Financial Position Selected Items (Unit in THB million) FY2024 FY2025 Change % Change Cash and Cash Equivalents 2,101.40 3,530.23 1,428.83 67.99% Trade and Other Current Receivables 1,071.04 1,041.61 (29.43) (2.75%) Inventories 3,499.51 3,327.01 (172.50) (4.93%) Current Biologica
Slide 23: FY2025 Consolidated Financial Position
FY2025 Consolidated Financial Position Selected Items (Unit in THB million) FY2024 FY2025 Change % Change Short - Term Loans from Financial Institutions 770.00 150.00 (620.00) (80.52%) Short - Term Loans from Related Persons 180.00 230.00 50.00 27.78% Trade and Other Current Payables 1,190.70 1,117.
Slide 24: FY2025 Consolidated Financial Position
FY2025 Consolidated Financial Position Selected Items (Unit in THB million) FY2024 FY2025 Change % Change EBIT 2,372.31 2,801.28 428.96 18.08% Depreciation - Grandparent & Parent Chickens 813.35 795.33 (18.02) (2.22%) Depreciation & Amortization 869.60 938.07 68.46 7.87% EBITDA 4,055.27 4,534.67 479
Slide 25: FY2025 Consolidated Financial Position
FY2025 Consolidated Financial Position FY2025 Total Assets = THB 27.86 billion Book Value (THB per share) 30,000 25,000 17.30 1817% 1813% 1810% 1806% 1802% 15.55 1799% 1795% 1791% 1788% 1784% 1781% 1777% 1773% 1770% 1766% 1762% 1759% 1755% 1752% 1748% 1744% 1741% 1737% 1733% 1730% 1726% 1722% 1719%
Slide 26: FY2025 Financial Results
FY2025 Financial Results FY2025 Interest-Bearing Debt = THB 3.85 billion Net Debt to EBITDA (THB million) 5,000 4.26 498% 495% 492% 489% 486% 483% 480% 477% 474% 471% 468% 465% 462% 459% 456% 453% 450% 447% 444% 441% 438% 435% 432% 429% 426% 423% 420% 417% 414% 411% 4,000 408% 405% 402% 399% Short-T
Slide 27: Capital Expenditure
Capital Expenditure Investment (million THB) 1,567 1,264 1,120 1,120 1,242 1,179 807 610 609 611 682 742 698 539 2019 2020 2021 2022 2023 2024 2025 Breeder Stocks Fixed Assets FY2026 Capital Expenditure 1-1.2 Billion ➢ Broiler Farm ➢ Breeder Farm ➢ Primary Plant Analyst Meeting No. 1/2026 | 19 Febru
Slide 28: Market Outlook and Trend
Market Outlook and Trend Analyst Meeting No. 1/2026 | 19 February 2026 | page 28
Slide 29: Global Broiler Meat Market
Global Broiler Meat Market THAILAND Thai Broiler Export by Destination The 7th Global Chicken Producer Others 24% Japan 2025 broiler production = 3,590,000 Metric tons 39% China The 4th Global Chicken Exporter 7% 2025 broiler meat export = 1,250,000 Metric tons EU 14% UK 16% Broiler Meat Production
Slide 30: 50 Years of Thai Chicken Meat Export
50 Years of Thai Chicken Meat Export 1,400,000 2025 Change Change 1,300,773 MT 2023 2024 2025 23 / 24 24 / 25 MT Mil. Baht MT Mil. Baht (%) MT Mil. Baht (%) 1,200,000 Product - Raw 514,853 53,115 564,611 58,014 9.66 614,603 61,442 8.79 - Further (Cooked) 582,593 93,752 659,732 103,051 13.24 686,170
Slide 31: Global Broiler Meat Market
Global Broiler Meat Market Global Production [Y2025 = 107,554,000 Metric Tons] Global Import [Y2025 = 11,485,000 Metric Tons] USA 21,812 Japan 1,145 China 16,200 Mexico 1,070 Brazil 15,450 UK 1,045 EU 11,820 EU 775 Russia 5,030 Saudi Arabia 645 Mexico 4,085 Philippines 575 Thailand 3,590 Iraq 480 Tu
Slide 32: Commodity Price
Commodity Price Corn & Soybean Meal (THB/Kg.) Broiler at Farm Gate (THB/Kg.) 27.0 24.0 21.7 21.6 50.0 44.0 43.5 42.0 42.3 42.2 41.8 42.1 19.7 40.6 40.7 41.4 21.0 18.4 SBM 17.6 40.0 35.4 34.9 18.0 16.0 15.2 15.4 14.6 40.2 14.0 13.4 13.7 37.1 38.0 15.0 30.0 36.4 34.7 34.8 34.9 33.4 31.8 33.0 31.2 31.4
Slide 33: Supporting & Risk Factors
Supporting & Risk Factors + Globally Recognized Food Safety Standards - Animal Disease Outbreaks & Hygiene Risk + Growing Poultry Demand - Global Market Competition + Cooked & Processed Chicken Market Growth - Cost Volatility & Rising Expenses + Strong Export Competitiveness - Non-Tariff Measures (N
Slide 34: FY2026 Guidance
FY2026 Guidance FY2026 Guidance Revenue 2-3% growth from FY2025 sales Gross Profit Margin 15.0% - 16.0% SG&A 7.5% - 8.0% Financial Cost 1.5% - 2.5% Effective Tax Rate 10% - 15% CAPEX THB 1 - 1.2 billion Analyst Meeting No. 1/2026 | 19 February 2026 | page 34
Slide 35: Key Statistics
Key Statistics Analyst Meeting No. 1/2026 | 19 February 2026 | page 35
Slide 36: Key Statistics: Chicken Processing and Feed Business
Key Statistics: Chicken Processing and Feed Business Chicken Meat Direct Export (MT) Chicken Meat Indirect Export (MT) Chicken Meat Domestic (MT) - 10% + 1% 36,600 32,600 33,000 - 6% 61,200 59,700 61,000 60,900 61,500 29,300 19,900 19,100 17,500 17,900 17,900 23,400 - 18% - 2% - 15% 9,800 15,000 8,0
Slide 37: Question & Answer
Question & Answer Analyst Meeting No. 1/2026 | 19 February 2026 | page 37
Slide 38: IR Contact
IR Contact Investor Relations Department ir@gfpt.co.th Dr. Jutamas Ingpochai jutamas@gfpt.co.th T +66 2 473 8000 ext. 1822 Veera Titayangkaruvong veera-tita@gfpt.co.th T +66 2 473 8000 ext. 1802 @gfpt.official Line@ GFPTofficial www.gfpt.co.th Analyst Meeting No. 1/2026 | 19 February 2026 | page 38