ITC delivers strong growth momentum with THB 4.7 billion in Q3 2025 sales and THB 927 million in adjusted net profit

Bangkok – October 30, 2025 – i-Tail Corporation PCL (ITC), a global leader in the pet food industry, reported strong third-quarter 2025 results with sales of THB 4.7 billion, up 6.4% year-on-year and 5.5% quarter-on-quarter, driven by robust growth in the U.S. and European markets. Sales in U.S. dollar terms rose 14.2% year-on-year to USD 144 million, reinforcing the company’s sustained growth momentum and customer trust. Adjusted gross profit stood at THB 1.2 billion, increasing 6.4% quarter-on-quarter, while adjusted net profit reached THB 927 million, up 15.4% from the previous quarter.

Roy Chan, CEO of i-Tail Corporation PCL, said “We continue to demonstrate resilience and deliver strong performance amid a challenging global economic environment. Growth in the third quarter was driven by rising demand in the U.S., our largest market, along with an increased contribution from premium products. Our share of sales from premium products reached 55.1%, supporting a solid gross profit margin of 25.4%. Despite short-term impacts from tariff adjustments and currency appreciation, these results show the strength of our diversified product portfolio, operational efficiency, and trusted partnerships with global customers. Our focus remains on agility, efficiency, and innovation to sustain profitable growth and deliver value to all stakeholders.”

During the first nine months of 2025, ITC achieved THB 13.4 billion in sales, up 3.2% year-on-year, representing a 10.1% increase in U.S. dollar terms. The growth was driven by continued expansion in the U.S. market, which recorded THB 7.7 billion in sales, a 19.2% year-on-year increase. The Americas accounted for 57% of total sales, followed by Asia and Oceania at 29% and Europe at 14%. Net weight sales volume grew 11.1% year-on-year, reflecting resilient demand despite external factors. New product launches also contributed significantly, generating THB 1.7 billion in revenue during the period. Pet treats continued to be a key growth driver, with 33.6% year-on-year growth in the first nine months, fueled by orders from leading global pet food companies and private labels.

ITC continues to strengthen a leading position in the fast-growing pet treats segment, aligning with emerging industry trends such as functional and wellness-oriented products, seasonal and event-based treats, and the humanization of pet food. Pet treats accounted for 17.5% of total sales in Q3 2025, reflecting increasing consumer demand for high-quality, innovative products. The company is also developing proprietary food technologies and securing in-house patents, including innovations in meat analogs, to expand the intellectual property portfolio and further enhance product differentiation.

“We are confident in our direction for the remainder of the year,” said Roy Chan. “Our performance in 2025 reflects volume growth and sales in U.S. dollars, demonstrating ITC’s consistent execution, strong global brand partnerships, and focus on premiumization. With our solid foundation and commitment to innovation that advances pet health and wellness, we are well-positioned to capture opportunities in the evolving global pet food industry.”