Food Empire Holdings has reported a group revenue of US$152.6 million ($198.96 million) for the 3QFY2025 ended Sept 30, up 28.3% y-o-y. For the 9MFY2025, revenue grew 23.9% y-o-y to US$426.7 million.
This growth was driven mainly by a “particularly strong quarter” by both the group’s Russia and Ukraine, Kazakhstan and CIS segments.
Food Empire says that it is on track to achieve its fifth consecutive financial year of record topline as strong double digit-growth across all its core segments drove its nine-month revenue to a new high.
The group’s Russia and Ukraine, Kazakhstan and CIS segments recorded the highest growth y-t-d with 9MFY2025 revenue rising 30.7% and 26.2% respectively.
Growth was driven generally by consumer promotions and an increase in volume and price gains over the last 12 months.
The group’s Southeast Asia segment continued its strong growth trajectory and expanded 20.8% y-o-y to US$114.5 million in 9MFY2025, mainly due to the Vietnam market, which saw improved performance due to the high rate of consumer acquisition, sustained brand investments and consumer promotions.
See also: AEM Holdings reverses into earnings of $4.02 mil for 9MFY2025
Revenue from the group’s South Asia segment rose 20.3% y-o-y to US$54.5 million for the 9MFY2025 from a sustained growth in sales volumes of both freeze-dried and spray-dried soluble coffee. Both the plants in India are running at optimal capacity.
In July, Food Empire announced an investment of US$37 million in the expansion of its spray-dried soluble coffee manufacturing facility in Andhra Pradesh, India. Work on the expansion is scheduled to commence in the fourth quarter of 2025 and be completed by the end 2027. It is expected to increase the facility’s capacity by about 60%.
In September, Food Empire raised approximately $42.8 million in gross proceeds through the placement of 17.0 million treasury shares.The funds raised will be used to pursue growth opportunities, optimize balance sheet and reinforce long-term investor confidence.
Shares in Food Empire closed 1 cent higher or 0.427% up at $2.35 on Nov 12.
