Digital Form 56-1 One Report 2025
Betagro Public Company Limited
Message from Executives
Mr. Rapee Sucharitakul
Mr. Vasit Taepaisitphongse

"Creating Sustainable Food," guided by its purpose of “Help enrich people’s lives with Better Food”

Dear Shareholders

Betagro Public Company Limited is a leading international integrated food business, operating across 5 countries: Thailand, Cambodia, Laos, Myanmar, and Singapore, with an export network spanning over 30 countries worldwide. The company is committed to operating in line with its mission to "Creating Sustainable Food," guided by its purpose of “Help enrich people’s lives with Better Food”. It means that is delicious food with quality and safety at affordable fair prices under sustainable production and good governance.

In 2025, the Company's sales and services amounted to 122,370 million baht, representing a growth of 7.1% from 2024. This revenue is segmented as follows: 64,013 million baht from Thailand Food Business, 34,534 million baht from Animal Nutrition & New Ventures, 23,729 million baht from International Business, and 94 million baht from Other businesses. Net profit was 6,685 million baht, growing 171.0% from the net profit in 2024. This positive performance was significantly influenced by the increase in pig prices in Thailand during the first half of the year, recovering from the latter half of 2024 through the first half of 2025, driven by a reduction in the issue of illegal pork, a decrease in pig supply due to the ongoing effects from Swine Breeders reduction measures, and disease outbreaks during 2024-2025. Broiler prices increased early in this year and stabilized in the latter half of 2025, supported by continued strong exports to the European Union, the United Kingdom, and Japan. Raw material prices for animal feeds such as corn and soybeans decreased from 2024. Combined with efficient production management that significantly improved productivity, this led to lower production costs for the Company's livestock and products. Furthermore, through effectively and timely monitoring, contingency planning, and risk management, the Company did not experience any material impact from the flood situation in Hat Yai or the conflict situation on the Thailand-Cambodia border in 2025.

Moreover, the Company managed its expenses more efficiently, and it maintained a robust capital structure with a moderate level of debt, resulting in an interest-bearing Debt to Equity ratio of 0.58 times in 2025, down from 0.93 times in 2024. TRIS Rating affirmed the Company's credit rating at "A" with a "Stable" outlook, reflecting confidence in its strong fundamentals, business potential, growth opportunities, and solid capital structure.

Business operation in 2025, the Company continued to expand, including increasing production capacity for its core businesses—animal feed and livestock—in Thailand, expanding overseas business through the acquisition of a major integrated egg producer in Singapore, completed in the first quarter of 2025, and developing new businesses, such as expanding the "Foodium" restaurant partner network to over 35 branches covering Bangkok, its metropolitan area, and Pattaya. These expansions align with the Company's long-term growth strategy and business plan—Betagro 360° Transformation. In 2025, the Company initiated the establishment of People Transformation and Digital Transformation platforms to enhance cost efficiency through improved operational processes, organizational structure, and appropriate technology, while continuing to drive Cost Transformation and Growth Transformation initiatives from 2024.

In 2025, the Company continued activities under the concept of "Sustainable Food Through Better Actions" and the "BETAGRO Saijai" symbol to drive organizational change and advance its five sustainability strategies, covering all aspects of ESG 1) Emphasis on food quality and safety, 2) Climate change management, 3) Community development, 4) Sustainable packaging development, and 5) Occupational health and safety. Long-term goals have been set, such as reducing the use of antimicrobials for animals by 50% by 2027, reducing greenhouse gas emissions by more than 20% by 2030 and achieving Net Zero by 2050, achieving 100% environmentally friendly packaging by 2030, and implementing holistic area-based community development projects covering 20,000 households by 2025. Activities to achieve these goals included utilizing renewable energy from solar cell technology for buildings and factories, managing waste through biogas and biomass energy from livestock production, developing eco-friendly packaging, and expanding the implementation of the "Chong Sarika Model" prototype community project, which now covers 17,986 households across 32 provinces in Thailand. As a result, the Company was awarded "AAA" SET ESG Rating for 2025 in Agro & Food industry by the Stock Exchange of Thailand for the second consecutive year.

On behalf of the Company's Board of Directors, management, and all employees, we would like to express our sincere gratitude to all stakeholder groups for their ongoing support and trust. The Company is committed to operating business to deliver foods and services with quality and safety at fair prices for the sustainable quality of people lives. We will maintain the strength of our core businesses while developing innovations to enhance operational efficiency and creating new business models that align with societal changes, based on principles of good corporate governance and for the sustainable benefit of the nation, economy, society, and environment.

Financial and Operational Highlights
Share of revenue from sale of goods and rendering of services by segment
122,370
Million Baht
52.3 %
Thailand Food Business
28.2 %
Animal Nutrition & New Ventures Business
19.4 %
International Business
Total Revenue from Sales and Services
122,370
Unit : Million Baht
Net Profit
6,685
Unit : Million Baht
Total Assets
66,920
Unit : Million Baht
Total Liabilities
33,806
Unit : Million Baht
Total Shareholders' Equity
33,114
Unit : Million Baht
Thailand Food Business
Animal Nutrition & New Ventures Business
International Business
Thailand Food Business
Unit : Million Baht
Revenue by Species
64,013
Million Baht
Pork 25,648
Chicken 21,342
Egg 5,703
Processed Food & Meat 4,654
Others6,666
Revenue by Product
64,013
Million Baht
Consumer Food 35,500
Non-Package 9,286
Livestock 5,638
Co & By-Products and Other Food 13,589
Animal Nutrition & New Ventures Business
Unit : Million Baht
Agro Business
31,874
Million Baht
Animal Feed 27,151
Animal Health 3,515
Others 1,208
Pet Business
2,660
Million Baht
Premium 355
Standard 613
Economy 1,692
International Business
Unit : Million Baht
23,729
Million Baht
Thailand's Export 14,646
Cambodia 4,764
Singapore 2,789
Laos 1,494
Others 36
Purpose, Belief and Business Strategies
Purpose or Vision:
Help enrich people’s lives

with Better Food

“Better Food” means
  • Highest Food Safety Standards
  • Superior Quality and Deliciousness
  • Fair Prices
  • Produced Sustainably
Belief or Mission:
People must have choices, and we must work hard

to deserve people’s trust

Business Strategies:

Driven by 3 key business strategies including

  1. International Expansion through mergers and acquisitions (M&A) and strategic partnerships in high-potential markets
  2. Product and Channel Mix Optimization to enhance profitability by focusing on high-margin products and channel
  3. Cost Transformation through leveraging digital technology and process innovation to improve operational efficiency, reduce costs, and enhance profitability
Driving Business towards Sustainability

Sustainability Management Policy and Goals

Betagro and its subsidiaries believe that sustainable business growth must be accompanied by genuine contributions to society, community and environment. The Company has therefore laid out a policy and procedures for sustainability management in line with the United Nations’ Sustainable Development Goals (SDGs). Under this policy and procedures, business operations are carried out based on environmental, social and governance (ESG) ethics for stakeholders throughout the entire supply chain. Betagro and its subsidiaries have specified the following two sides of its operations to take the lead in achieving a balance between profit, people and planet:
1. Business
  • Delivery of products and services with a purpose in mind
  • Driving business operations based on food related SDGs
  • Building networks of agro-industrial and food business operators according to the Customer Relationships Management (CRM) principles
  • Upgrading operations and the development of Safety, Health and Environment (SHE) knowledge while continually taking good care of employees
2. Corporate Social Responsibility (CSR)
Betagro and its subsidiaries operate business with social responsibility by creating good relationships with surrounding communities and taking care of them while ensuring that Betagro operations do not have any negative impact on their lives. At the same time, support is given to communities so that they can also achieve sustainable development. Through Circular Economy business operations and with other parties working together, the use of resources with the highest efficiency including waste recycling and reduction was developed and designed.

BETAGRO SUSTAINABLE DEVELOPMENT

With commitment to our Purpose and Belief, we have specified two sides of our operations to take the lead in achieving a balance between profit, people and planet.
SDGs 2
ZERO HUNGER
Betagro and its subsidiaries have jointly promoted small and medium enterprises (SME) in the supply chain including nearby communities operating agriculture and livestock businesses as well as small and medium restaurants around the country to improve production efficiency and effectiveness and create food stability. To achieve this, gaps are identified and business efficiency problems are solved.
SDGs 3
GOOD HEALTH AND WELL-BEING
Betagro and its subsidiaries have jointly promoted good health among consumers through the delivery of high-quality products such as chicken meat, pork and eggs from animals raised without antibiotics. In cooperation with the public and private sectors, educational institutes and hospitals in the area, life quality of people in those communities have been improved through food safety knowledge development, joint food safety project implementation, and employee health promotion through various projects carried out both at the operating locations and with communities. Implemented projects include promotion of agricultural farming which is safe, hygienic and chemical free in order to guarantee safety for consumers in each community.
SDGs 12
RESPONSIBLE CONSUMPTION AND PRODUCTION
Betagro and its subsidiaries have jointly created responsible production, promoted wise use of resources and the environment with minimum waste. At the same time, the Company’s business locations are monitored and improved in terms of pollution, waste water and waste management based on the related standards such as plastic waste recycling and use of various residues for soil improvement.
SDGs 13
CLIMATE ACTION
Betagro and its subsidiaries have joined in promoting the reduction of greenhouse gas emission by setting guidelines for the greenhouse gas management, including database collection, evaluation of greenhouse gas emission and operational improvement through various projects such as Solar Rooftop Project using solar energy to replace the use of electricity, and Biomass Project using biomass energy to replace fossil fuel.
SDGs 17
PARTNERSHIPS FOR THE GOALS
Betagro and its subsidiaries have jointly built networks and boosted the cooperation between various parties with similar objectives and beliefs. The focus is on helping all stakeholders to achieve a better quality of life by using higher quality and safer food at fair prices in their businesses. This cooperation is built among community networks, government units, educational institutes and the private sector in order to drive towards sustainable development goals.