Food Empire Holdings has reported earnings of US$36 million for its FY2025, down 32% from the preceding year. If the one-off accounting recognition of US$32.6 million from its redeemable exchange notes is excluded, the company's net profit would have reached a new high of US$68.6 million.
Revenue, meanwhile, was up 21.1% in FY2025 over the preceding year to reach its fifth consecutive new record of US$576.9 million.
The revenue growth in FY2025 was driven largely by Russia, Food Empire's single largest market, which jumped 34.8% to US$191 million. Southeast Asia, which includes key market Vietnam, was up 14.3% to US$147.8 million.
Group CEO Sudeep Nair calls the FY2025 numbers the company's "best performance ever".
"This performance is driven by years of disciplined brand investment that have secured our market-leading positions across core markets, alongside our strategic pivot to Asia as a major growth engine," he says.
According to Nair, for over a decade, the company has "purposefully" undertaken capacity building projects to reinforce its vertically integrated business model, coupled with brand building and operational efficiency.
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"Our FY2025 results validate these strategic choices, and we are confident in our ability to build on this momentum to achieve our next decade of growth," says Nair.
To also mark its 25th anniversary as a listed company, Food Empire plans to pay a final dividend of 5 cents, and a special dividend of 4 cents, bringing the total to a record 12 cents.
The company has capacity expansion plans underway. In FY2025, it completed a coffee-mix manufacturing facility in Kazakhstan and expand its snack factory in Malaysia. These are expected to commence production in the first and second quarter this year respectively and contribute positively to the
operational performance of starting this year.
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Also, Food Empire plans to expand its spray-dried soluble coffee manufacturing facility in South India by 2027 and build a new freeze-dried soluble coffee manufacturing facility in Vietnam by 2028.
Food Empire shares closed at $3.27, down 1.8% for the day but up 233.67% in the past year.
