1H2025 Results
In the first half of 2025, i-Tail reported strong sales growth in USD, increasing by 8.1% YoY, driven by robust demand from key customers and world pet food companies in both the U.S. and EU markets. However, the appreciation of the Thai Baht limited revenue growth in local currency, with sales in THB rising by only 1.5% YoY to THB 8,722mn, despite a 12.2% YoY increase in NWT sales volume. GPM declined to 24.6%, down 3.4% point YoY, as a result of lower proportion of premium product. As a result, reported net profit fell by 25.0% YoY to THB 1,373mn, down from THB 1,831mn in the same period last year.
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