Q2 2026 GFPT PCL Earnings Call
[Company Representative] (GFPT): 2050. GFPT strives to be a leading chicken meat exporter with its fully vertical integrated chicken production. GFPT supported sustainable development goals, SDG, which was incorporated in the company's objectives and operations. For example, SDG 2, zero hunger; SDG 4, quality education; SDG 5, gender equality; SDG 6, clean water and sanitation; SDG 8, decent work and economic growth; SDG 10, reduced inequality; SDG 11, sustainable cities and communities; SDG 12, responsible consumption and production; SDG 13, climate action; SDG 16, peace, justice, and strong institutions. Next will be GFPT's awards. For various awards and achievements of GFPT in 2025, including SET ESG Rating with double A score. We are also certified to be a member of UNGC for anti-corruption policy, and our latest ESG rating was five CT symbols Excellent for seven consecutive years.
[Company Representative] (GFPT): 2050. GFPT strives to be a leading chicken meat exporter with its fully vertical integrated chicken production. GFPT supported sustainable development goals, SDG, which was incorporated in the company's objectives and operations. For example, SDG 2, zero hunger; SDG 4, quality education; SDG 5, gender equality; SDG 6, clean water and sanitation; SDG 8, decent work and economic growth; SDG 10, reduced inequality; SDG 11, sustainable cities and communities; SDG 12, responsible consumption and production; SDG 13, climate action; SDG 16, peace, justice, and strong institutions. Next will be GFPT's awards. For various awards and achievements of GFPT in 2025, including SET ESG Rating with double A score. We are also certified to be a member of UNGC for anti-corruption policy, and our latest ESG rating was five CT symbols Excellent for seven consecutive years.
Speaker #1: Personal safety. GPT strives to be a leading chicken meat exporter with its fully vertically degraded chicken production, GPT is supported sustainable development goals, SDG, which was incorporated and the company's objectives and operations.
Speaker #1: For example, SDG 2000, SDG 4 quality education, SDG 5 gender equality, SDG 6 clean water and sanitation, SDG 8 decent work and economic growth, SDG 10 produce equality, SDG 11 sustainable safety and communities, SDG 12 responsible consumption and production, SDG 13 climate action, SDG 16 peace, justice, and strong institutions.
Speaker #1: Next will be GPT's awards. For various award and achievements, of GPT in 2025, including set ESG rating with AA score and we are also certified to be a member of CAC for anti-corruption policy, and our latest CG rating was 5 CG symbols excellent for 7 consecutive years and we also achieved best IR, best CEO, and best FO from IR was 2025 in agribusiness.
[Company Representative] (GFPT): We also achieved Best IR, Best CEO, and Best CFO from IR Awards 2025 in Agri business. Next will be GFPT profile. GFPT is a vertically integrated chicken production starting from feed mill, grandparent breeder farm, breeder farm, broiler farm, chicken processing plant, and further processing factory. GFPT is listed in the Stock Exchange of Thailand under agri business. Last year CT score was five CT symbol Excellent, and our share price at the end of July was THB 9.8 per share. Average stock price in the second quarter of this year was THB 8.8 per share. The 2052 weeks highest share price was THB 11, and the lowest share price was THB 8.5 per share. We have outstanding share, 1.25 billion shares and THB 1 per share. Our market cap is about THB 12.3 billion in free float, about 65%.
[Company Representative] (GFPT): We also achieved Best IR, Best CEO, and Best CFO from IR Awards 2025 in Agri business. Next will be GFPT profile. GFPT is a vertically integrated chicken production starting from feed mill, grandparent breeder farm, breeder farm, broiler farm, chicken processing plant, and further processing factory. GFPT is listed in the Stock Exchange of Thailand under agri business. Last year CT score was five CT symbol Excellent, and our share price at the end of July was THB 9.8 per share. Average stock price in the second quarter of this year was THB 8.8 per share. The 2052 weeks highest share price was THB 11, and the lowest share price was THB 8.5 per share. We have outstanding share, 1.25 billion shares and THB 1 per share. Our market cap is about THB 12.3 billion in free float, about 65%.
Speaker #1: Next will be GPT profile. GPT is a vertical integrated chicken production starting from feed meal grandparent breeder farm, breeder farm, broiler farm, chicken processing plant, and further processing factory.
Speaker #1: GPT is listed in the stock exchange of Thailand under agribusiness and last year CG score was 5 CG symbol excellence and our chap price at the end of July was 9.8 baht per share and average stock price in the second quarter of this year was 8.8 baht per share.
Speaker #1: The 2052 weeks highest chap price was 11 baht and the lowest chap price was 8.5 baht per share and we have outstanding share at 1.25 billion shares and part in 1 baht per share.
Speaker #1: Our market cap is about 12.3 billion baht and free for about 65% we also have the foreign shareholder portion about 9.9% and our dividend policy we pay not more than 50% of the profit from separate financial performance after all deduction.
[Company Representative] (GFPT): We also have the foreign shareholder portion about 9.9%. Our dividend policy, we pay not more than 50% of the profit from separate financial performance after all deductions. The current shareholding structure, Sirimakontasarn family being a major shareholder, holds about 49.9%, 32.6 local individuals, 7.6 local firms, 9.3% foreign institutions, and only 5.6% foreign individuals. Next will be the group structure of GFPT Group. GFPT Group structure is quite simple. GFPT is a parent company of the group which operates primary plant and further processing factory to produce fresh chicken meat and fully cooked chicken products. GFPT Group consists of five subsidiaries and two joint ventures. Each subsidiary handles different aspects of the vertical integration. GFPT holds 49% on GFN and McKey, so we use equity method to take 49% of the JV performance in our profit and loss.
[Company Representative] (GFPT): We also have the foreign shareholder portion about 9.9%. Our dividend policy, we pay not more than 50% of the profit from separate financial performance after all deductions. The current shareholding structure, Sirimakontasarn family being a major shareholder, holds about 49.9%, 32.6 local individuals, 7.6 local firms, 9.3% foreign institutions, and only 5.6% foreign individuals. Next will be the group structure of GFPT Group. GFPT Group structure is quite simple. GFPT is a parent company of the group which operates primary plant and further processing factory to produce fresh chicken meat and fully cooked chicken products. GFPT Group consists of five subsidiaries and two joint ventures. Each subsidiary handles different aspects of the vertical integration. GFPT holds 49% on GFN and McKey, so we use equity method to take 49% of the JV performance in our profit and loss.
Speaker #1: And the current shareholding structure family being a major shareholders holds about 49.9% and 32.6 local individuals 7.6 local funds 9.3% foreign institutions and only 0.6% foreign individuals.
Speaker #1: Next will be the group structure of GPT group. GPT group structure is quite simple. GFPT is a parent company of the group which operates primary plant and further person factory to produce fresh chicken meat and fully cooked chicken products.
Speaker #1: GPT group consists of five subsidiaries and two job ventures each subsidiary handle different aspect of the vertical integration. GPT holds 49% on GFN and Mackey so we use equity method to take 49% of the JV performance in our profit and loss.
Speaker #1: Next will be the GPT fully vertical integrated chicken production. Starting at a feed meal the left hand side we currently have two feed meal facilities KT1 produce animal feed and aquatic feed for domestic market while KT2 produce chicken feed for internal use only.
[Company Representative] (GFPT): Next will be the GFPT fully vertical integrated chicken production. Starting at the feed mill on the left-hand side, we currently have two feed mill facilities. KT1 produce animal feed and aquatic feed for domestic market, while KT2 produce chicken feed for internal use only. The major feed materials are corn and soybean, in which corn are sourced locally, and soybean and soybean meal are imported from overseas. For our chicken farm operation, we have three generations of chicken farms, being grandparent breeder farm, parent breeder farm, and broiler farm. We import grandparent day-old chicks from overseas. Grandparent breeder and parent breeder rearing cycle about 60 to 65 weeks, while broiler are raised for only 40 to 42 days to reach the target weight. Our chicken are raised in the closed EVAP system with strict biosecurity. We have concern about animal welfare and animal enrichment.
[Company Representative] (GFPT): Next will be the GFPT fully vertical integrated chicken production. Starting at the feed mill on the left-hand side, we currently have two feed mill facilities. KT1 produce animal feed and aquatic feed for domestic market, while KT2 produce chicken feed for internal use only. The major feed materials are corn and soybean, in which corn are sourced locally, and soybean and soybean meal are imported from overseas. For our chicken farm operation, we have three generations of chicken farms, being grandparent breeder farm, parent breeder farm, and broiler farm. We import grandparent day-old chicks from overseas. Grandparent breeder and parent breeder rearing cycle about 60 to 65 weeks, while broiler are raised for only 40 to 42 days to reach the target weight. Our chicken are raised in the closed EVAP system with strict biosecurity. We have concern about animal welfare and animal enrichment.
Speaker #1: The major feed materials are corn and soybean in which are corn assault ult locally and soybean and soybean meal are imported from overseas. For our chicken farm operation we have three generations of chicken farms bringing grandparent breeder farm, parent breeder farm, and broiler farm.
Speaker #1: We import grandparent deal chick from overseas. Grandparent breeder and parent breeder raising cycle about 60 to 65 weeks while broiler RS for only 40 to 42 days to reach the target weight.
Speaker #1: Our chicken RS in the close evap system with strict biosecurity we highly concerned about animal welfare and environmental enrichment. We raise broiler in sustainable way with a minimal impact on the environment.
[Company Representative] (GFPT): We raise broiler in a sustainable way with a minimal impact on the environment. Our constraint is we are 100% on-farm policy, so it means that we have no contract farming to make our customers trust in our chicken meat quality. All our broiler are sold to GF Foods Co., Ltd., the parent company, and GFN, the second joint venture, for chicken meat processing and producing cooked chicken product for export. At primary plants, chicken meat will be processed into main product and by-product. The main product consists of chicken breast, chicken legs, chicken wing, and chicken paws for export to international markets, while the by-product are carcass, intestine, giblet, and other are sold for the domestic market. At further processing plant, the main chicken meat is processed as a fully cooked product such as chicken nugget, chicken patty, chicken karaage, and chicken burger. Next will be GFPT timeline.
[Company Representative] (GFPT): We raise broiler in a sustainable way with a minimal impact on the environment. Our constraint is we are 100% on-farm policy, so it means that we have no contract farming to make our customers trust in our chicken meat quality. All our broiler are sold to GF Foods Co., Ltd., the parent company, and GFN, the second joint venture, for chicken meat processing and producing cooked chicken product for export. At primary plants, chicken meat will be processed into main product and by-product. The main product consists of chicken breast, chicken legs, chicken wing, and chicken paws for export to international markets, while the by-product are carcass, intestine, giblet, and other are sold for the domestic market. At further processing plant, the main chicken meat is processed as a fully cooked product such as chicken nugget, chicken patty, chicken karaage, and chicken burger. Next will be GFPT timeline.
Speaker #1: Our cost range is we are 100% own farm policy so it means that we have no contract farming to make our customer trust and our chicken meat quality.
Speaker #1: All of our broiler are sold to GPT the parent company and GF and the second job venture for chicken meat processing and producing cooked chicken product for export.
Speaker #1: At primary plants chicken meat will be processed into main product and byproduct. The main product consists of chicken breast, chicken legs, chicken wing, and chicken paws.
Speaker #1: For export to international markets while the byproduct carcass intestine kiblet and other are sold for the domestic market. At further processing plant the main chicken meat is processed as a fully cooked product such as chicken nugget, chicken patty, chicken karaage, and chicken burger.
Speaker #1: Next will be GPT timeline. GPT group has been in portray business in Thailand for 45 years. GPT was established in 1981 to a break chicken processing under BI privilege.
[Company Representative] (GFPT): GFPT Group has been in poultry business in Thailand for 45 years. GFPT was established in 1981 to operate chicken processing under BOI privilege for exporting fresh chicken meat. During the 1990s, we became a fully vertical integration by having our own parent breeder farms, broiler farm, feed mills, and sausage plant. In 1992, we are listed in the Stock Exchange of Thailand under symbol GFPT. One year later, in 1993, we joint venture with the Keystone Foods Corporation, the US-based company, to set up McKey Food Services (Thailand) Limited to produce chicken nugget and chicken patty for export to McDonald's Corporation in Asia Pacific region, including Japan and Singapore. In 2003, we did another backward integration by having grandparent breeder farms. In 2008, we set up a new feed mill plant in Chonburi Province called KT2 to produce chicken feed all for internal use only.
[Company Representative] (GFPT): GFPT Group has been in poultry business in Thailand for 45 years. GFPT was established in 1981 to operate chicken processing under BOI privilege for exporting fresh chicken meat. During the 1990s, we became a fully vertical integration by having our own parent breeder farms, broiler farm, feed mills, and sausage plant. In 1992, we are listed in the Stock Exchange of Thailand under symbol GFPT. One year later, in 1993, we joint venture with the Keystone Foods Corporation, the US-based company, to set up McKey Food Services (Thailand) Limited to produce chicken nugget and chicken patty for export to McDonald's Corporation in Asia Pacific region, including Japan and Singapore. In 2003, we did another backward integration by having grandparent breeder farms. In 2008, we set up a new feed mill plant in Chonburi Province called KT2 to produce chicken feed all for internal use only.
Speaker #1: For exporting fresh chicken meats and during 1990s we became a fully vertical integration by having our own parent breeder farms, broiler farm, feed meals, and sausage plants.
Speaker #1: In 1992 we listed in the stock exchange of Thailand under symbol GFPT and one year later in 1993 we joined venture with the Keystone Food Corporation, the US Best Company, to set up Mackey Food Services Thailand Limited to produce chicken nugget and chicken patty.
Speaker #1: For export to McDonald in Asia Pacific region including Japan and Singapore. 2003 we did another backward integration by having grandparent breeder farms. 2008 we set up the new feed meal plants in PR province called KT2 to produce chicken feed.
Speaker #1: For internal use only in the same year we also announced the second job venture with the Nature Food Incorporation, the Japanese Best Company, to set up JPT Nature Thailand Company Limited or GFN.
[Company Representative] (GFPT): In the same year, we also announced the second joint venture with Nichirei Foods Inc., the Japanese best company, to set up GFPT Nichirei (Thailand) Company Limited, GFN. The operation of GFN and GFPT is quite simple. GFN operates both slaughterhouse and food processing plant, and mainly export processed chicken product to Japan and other international countries. In 2010, we did stock split from 10 THB to 1 THB per share, and we just expanded the sausage production capacity in 2017 and focused on producing chicken sausage. McKey also finished the new construction of the further processing plant in Chonburi Province, and currently GFPT is constructing new slaughterhouse at Chonburi Province, located near the new McKey further processing plant with the production capacity about 150,000 birds per day for the full capacity. Next will be GFPT Group expansion plan.
[Company Representative] (GFPT): In the same year, we also announced the second joint venture with Nichirei Foods Inc., the Japanese best company, to set up GFPT Nichirei (Thailand) Company Limited, GFN. The operation of GFN and GFPT is quite simple. GFN operates both slaughterhouse and food processing plant, and mainly export processed chicken product to Japan and other international countries. In 2010, we did stock split from 10 THB to 1 THB per share, and we just expanded the sausage production capacity in 2017 and focused on producing chicken sausage. McKey also finished the new construction of the further processing plant in Chonburi Province, and currently GFPT is constructing new slaughterhouse at Chonburi Province, located near the new McKey further processing plant with the production capacity about 150,000 birds per day for the full capacity. Next will be GFPT Group expansion plan.
Speaker #1: The operation of GFN and JPT is quite simple. GFN operates boss a lot of house and further processing plant and mainly export process chicken product to Japan and other international countries.
Speaker #1: In 2010 we did stock split from 10 baht to 1 baht per share and we just expand the sausage production cap speed in 2017 and focus on producing chicken sausage.
Speaker #1: Mackey also finished the new the new construction of the first processing plant in province and currently GPT is constructing new slaughter house at province located near the new Mackey further processing plant with the production capacity about 150,000 birds per day for the full capacity.
Speaker #1: Next will be JPT group expansion plan. The expansion plan in the future for the next three to five years consists of the broiler farm raising capacity to reach 340,000 birds per day and also the new primary plant with the capacity about 150,000 birds per day and the last one will be GPT further processing plant with the cook capacity about 30,000 metric tons per year.
[Company Representative] (GFPT): The expansion plan in the future for the next three to five years consists of the broiler farm raising capacity to reach 340,000 birds per day, and also the new primary plan with the capacity about 150,000 birds per day. The last one will be GFPT further processing plant with the cook capacity about 30,000 metric tons per year. However, the expansion plan and investment budget can be adjusted depending on the change in the market condition and future competition. Next will be GFPT product line. Our product line consists of three categories: feed, farm, and food. For the feed business, we have various animal feed products such as swine feed, layer hen feed, duck feed, and cow feed. For the aquatic feed, consists of fish feed, shrimp feed, and frog feed. All feed products are sold to the farmer, animal raiser, and feed wholesalers in Thailand.
[Company Representative] (GFPT): The expansion plan in the future for the next three to five years consists of the broiler farm raising capacity to reach 340,000 birds per day, and also the new primary plan with the capacity about 150,000 birds per day. The last one will be GFPT further processing plant with the cook capacity about 30,000 metric tons per year. However, the expansion plan and investment budget can be adjusted depending on the change in the market condition and future competition. Next will be GFPT product line. Our product line consists of three categories: feed, farm, and food. For the feed business, we have various animal feed products such as swine feed, layer hen feed, duck feed, and cow feed. For the aquatic feed, consists of fish feed, shrimp feed, and frog feed. All feed products are sold to the farmer, animal raiser, and feed wholesalers in Thailand.
Speaker #1: However the expansion plan and investment budget can be adjusted depending on the change in the market condition and future competition. Next will be GPT product line.
Speaker #1: Our product line consists of three three categories feed farm and food. For the feed business we have various animal feed products such as wine feed, layer hand feed, duck feed, and cow feed.
Speaker #1: For the aquatic feed consists of fish feed, trim feed, and frog feed. All feed products are sold to the farmer animal raiser and feed wholesalers in Thailand.
Speaker #1: Moving to the farm business we sell parent deal chick and broiler deal chick to chicken farmers, live broiler also directly to JPT the parent company and GFN only.
[Company Representative] (GFPT): Moving to the farm business, we sell parent day-old chick and broiler day-old chick to chicken farmers. Live broiler are sold directly to GFPT, the parent company, and GFN only. We also start to sell cage-free eggs since 2020. The last one will be the food business. Fresh chicken meat and parts can be exported as fresh frozen chicken and also sold in the domestic market, such as wholesale market, OEM factories, and QSR. The cooked chicken products are exported to international countries, mainly to Japan, UK, EU. The processed food such as chicken sausage are sold in the domestic market. Next will be the snapshot in 2025. GFPT consolidated revenue was THB 18.8 billion, decreased by 2% year on year. Our consolidated revenue breakdown by segment are 48% food, 35% farm, and 17% feed. The revenue breakdown by product consists of 23% chicken direct export.
[Company Representative] (GFPT): Moving to the farm business, we sell parent day-old chick and broiler day-old chick to chicken farmers. Live broiler are sold directly to GFPT, the parent company, and GFN only. We also start to sell cage-free eggs since 2020. The last one will be the food business. Fresh chicken meat and parts can be exported as fresh frozen chicken and also sold in the domestic market, such as wholesale market, OEM factories, and QSR. The cooked chicken products are exported to international countries, mainly to Japan, UK, EU. The processed food such as chicken sausage are sold in the domestic market. Next will be the snapshot in 2025. GFPT consolidated revenue was THB 18.8 billion, decreased by 2% year on year. Our consolidated revenue breakdown by segment are 48% food, 35% farm, and 17% feed. The revenue breakdown by product consists of 23% chicken direct export.
Speaker #1: We also start to sell cash free eggs since 2020. The last one will be the food business. Fresh chicken meat and parts can be export at fresh frozen chicken and also sold in the domestic market.
Speaker #1: Such as wholesales market OEM factories and QSR. The cooked chicken product are export to international countries mainly to Japan, UK, EU. The processed food such as chicken sausage also in the domestic market.
Speaker #1: Next will be the snapshot in 2025. GPT consolidated revenue was 18.8 billion baht decreased by 2% year on year. Our consolidated revenue breakdown by segment are 48% food, 35% farm and 17% feed.
Speaker #1: The revenue breakdown by product consists of 23% chicken direct export, duck blue one while the indirect export that we sell fresh chicken to OEM factory in Thailand like Mackey for 10%.
[Company Representative] (GFPT): The dark blue one, the indirect export that we sell fresh chicken to OEM factory in Thailand like McKey for 10%. 11% in terms of chicken by-product sales in the domestic market, and 4% for the processed food, such as chicken sausage and meatball for the domestic market. For the feed business, it consists of 6% animal feed, 3% fish feed, and 8% shrimp feed. The last one will be farm business. 28% live chicken sold to GFN, and only 7% day-old chick sold to outside. Our export revenue is about 23%, and 77% domestic sales. But in term of the revenue breakdown by currency, we sell in term of US dollar about 20%, and the rest, 80%, in term of Thai baht currency. Next will be GFPT market position in 2025. GFPT ranked number 2 in term of export.
[Company Representative] (GFPT): The dark blue one, the indirect export that we sell fresh chicken to OEM factory in Thailand like McKey for 10%. 11% in terms of chicken by-product sales in the domestic market, and 4% for the processed food, such as chicken sausage and meatball for the domestic market. For the feed business, it consists of 6% animal feed, 3% fish feed, and 8% shrimp feed. The last one will be farm business. 28% live chicken sold to GFN, and only 7% day-old chick sold to outside. Our export revenue is about 23%, and 77% domestic sales. But in term of the revenue breakdown by currency, we sell in term of US dollar about 20%, and the rest, 80%, in term of Thai baht currency. Next will be GFPT market position in 2025. GFPT ranked number 2 in term of export.
Speaker #1: 11% in terms of chicken byproduct sales in the domestic market and the 4% for the processed food such as chicken sausage and meatball for the domestic market.
Speaker #1: For the feed business consists of 6% animal feed, 3% fish feed, and 8% trim feed and the last one will be a farm business.
Speaker #1: 28% live chicken sales to GFN and only 7% deal chicks sell to outside. And our export revenue is about 23% and 77% domestic sales but in term of the revenue breakdown by currency we sell in term of US dollar about 20% and the rest 80% in term of Thai baht currency.
Speaker #1: Next will be GPT market position in 2025. GPT rank number two in term of export. GPT GFN and Mackey altogether export 12% of the Thai chicken export while we we produce chicken only 6% rank number seven in term of Thai chicken production.
[Company Representative] (GFPT): GFPT, GFN, and McKey altogether export 12% of the Thai chicken export. While we produce chicken only 6%, ranked number 7 in term of Thai chicken production. GFPT Group export 51% to Japan, 26% to UK, and 12% to EU, 6% Singapore, Malaysia 4%, China 4%, and 3% for the other countries. We mainly export in term of the cooked, 86%, and only 14% in term of the raw chicken. Next will be the financial results in the Q2 of this year. GFPT consolidated revenue in the Q2 of this year was THB 4,648 million, decreased by THB 233 million or 4.8% decreased year on year, mostly from the revenue from the food segment, from lower revenue from export cut-up chicken, and also the indirect export of the chicken meat.
[Company Representative] (GFPT): GFPT, GFN, and McKey altogether export 12% of the Thai chicken export. While we produce chicken only 6%, ranked number 7 in term of Thai chicken production. GFPT Group export 51% to Japan, 26% to UK, and 12% to EU, 6% Singapore, Malaysia 4%, China 4%, and 3% for the other countries. We mainly export in term of the cooked, 86%, and only 14% in term of the raw chicken. Next will be the financial results in the Q2 of this year. GFPT consolidated revenue in the Q2 of this year was THB 4,648 million, decreased by THB 233 million or 4.8% decreased year on year, mostly from the revenue from the food segment, from lower revenue from export cut-up chicken, and also the indirect export of the chicken meat.
Speaker #1: GPT group export 51% to Japan, 26% to UK, and 12% to EU, 6% Singapore, Malaysia, 4% China, 4%, and 3% for the other countries.
Speaker #1: And we mainly export in term of the cooked eggs 86% and only 14% in term of the raw chicken. Next will be the financial results in the second quarter of this year.
Speaker #1: GPT consolidated revenue in the second quarter of this year was 4,648 million baht decreased by 233 million baht of 4.8% decrease year on year mostly from the revenue from the full segments from lower revenue from export cut up chicken and also the indirect export of the chicken meat.
Speaker #1: The consolidated revenue from sales in the second quarter of this year consists of the full segment 408% farm segment about 36% and feed segment about 16%.
[Company Representative] (GFPT): The consolidated revenue from sales in the Q2 of this year consists of the food segment 48%, farm segment about 36%, and feed segment about 16%. In the Q2 of this year, the revenue from food segment was THB 2,217 million, decreased by THB 109 million or 4.7% year on year from the lower revenue from export of chicken products and from lower sales volume of the total export. The company's total export in the Q2 of this year was 8,100 metric tons, dropped by 400 metric tons or 4.7% year on year from decreasing in export volume of the raw chicken to China. Revenue from farm was THB 1,668 million, decreased by THB 90 million or 5.1% year on year from lower revenue from selling day-old chicks from lower sales volume and selling price of the day-old chicks.
[Company Representative] (GFPT): The consolidated revenue from sales in the Q2 of this year consists of the food segment 48%, farm segment about 36%, and feed segment about 16%. In the Q2 of this year, the revenue from food segment was THB 2,217 million, decreased by THB 109 million or 4.7% year on year from the lower revenue from export of chicken products and from lower sales volume of the total export. The company's total export in the Q2 of this year was 8,100 metric tons, dropped by 400 metric tons or 4.7% year on year from decreasing in export volume of the raw chicken to China. Revenue from farm was THB 1,668 million, decreased by THB 90 million or 5.1% year on year from lower revenue from selling day-old chicks from lower sales volume and selling price of the day-old chicks.
Speaker #1: And in the second quarter of this year the revenue from full segment was 2,217 million baht decreased by 109 million baht of 4.5% 4.7% year on year from the lower revenue from export of chicken products and from lower sales volume of the total export.
Speaker #1: The company total export in the second quarter of this year was 8,100 metric tons drop by 400 metric tons or 4.7% year on year from decreasing in export volume of the raw chicken to China.
Speaker #1: Revenue from farm was 1,668 million baht decreased by 90 million baht of 5.1% year on year from lower revenue from selling deal chick from lower sales volume and selling price of the deal chick and revenue from feed sales was 764 million baht decreased by 34 million baht or 4.3% year on year from lower revenue from selling fish feed from its lower sales volume.
[Company Representative] (GFPT): Revenue from feed sales was 764 million THB, decreased by 34 million THB or 4.3% year on year from lower revenue from selling fish feed from its lower sales volume. Next will be the comparison between Q2 of this year and Q2 of last year. The total consolidated revenue was 4,648 million THB, decreased by 233 million THB or 4.8% year on year. The cost of goods sold was 3,862 million THB, decreased by 203 million THB or 5% year on year. The gross profit was 786 million THB, dropped by 30 million THB or 3.7% year on year, mainly from the lower revenue from sales. The cost of sales in Q2 of this year contributes about 83.1% of revenue from sales, slightly decreased from 83.3% from last year.
[Company Representative] (GFPT): Revenue from feed sales was 764 million THB, decreased by 34 million THB or 4.3% year on year from lower revenue from selling fish feed from its lower sales volume. Next will be the comparison between Q2 of this year and Q2 of last year. The total consolidated revenue was 4,648 million THB, decreased by 233 million THB or 4.8% year on year. The cost of goods sold was 3,862 million THB, decreased by 203 million THB or 5% year on year. The gross profit was 786 million THB, dropped by 30 million THB or 3.7% year on year, mainly from the lower revenue from sales. The cost of sales in Q2 of this year contributes about 83.1% of revenue from sales, slightly decreased from 83.3% from last year.
Speaker #1: Next will be the comparison between the second quarter of this year and second quarter of last year. The total consolidated revenue was 4,648 million baht decreased by 233 million baht of 4.8% year on year while the cost of goods sold was 3,862 million baht decreased by 203 million baht of 5% year on year while the gross profit was 786 million baht drop by 30 million baht or 3.7% year on year mainly from the revenue lower revenue from sales while the cost of sale in the second quarter of this year contributes above 83.1% of revenue from sales slightly decreased from 83.3% from last year while the gross profit margin contributes about 16.9% in the second quarter of this year slightly increased from 16.7% from last year and the other income in the second quarter of this year was 101 million baht increased by 9.6 million baht or 10.5% increase year on year from higher selling miscellaneous items and spare parts while the SMA expense in the second quarter of this year equal to the 349 million baht increase by 5 million baht or 1.5% year on year since higher fuel cost and SNA percentage decrease of increase from 7.1% in the second quarter last year to 7.7% 7.5% in the second quarter of this year.
[Company Representative] (GFPT): The GP margin contributed about 16.9% in Q2 of this year, slightly increased from 15.7% from last year. The other income in Q2 of this year was 101 million THB, increased by 9.6 million THB or 10.5% increase year on year from higher selling miscellaneous items and spare parts. The SG&A expense in Q2 of this year equal to 349 million THB, increased by 5 million THB or 1.5% year on year since higher fuel cost and SG&A percentage increased from 7.1% in Q2 last year to 7.5% in Q2 of this year.
[Company Representative] (GFPT): The GP margin contributed about 16.9% in Q2 of this year, slightly increased from 15.7% from last year. The other income in Q2 of this year was 101 million THB, increased by 9.6 million THB or 10.5% increase year on year from higher selling miscellaneous items and spare parts. The SG&A expense in Q2 of this year equal to 349 million THB, increased by 5 million THB or 1.5% year on year since higher fuel cost and SG&A percentage increased from 7.1% in Q2 last year to 7.5% in Q2 of this year.
Speaker #1: And the profit from associated was 135 million baht in the second quarter of this year decreased by 62 million baht or 31% decrease year on year from the profit contribution from GFN was only 3.5 3.5 million baht decreased by 85 million baht or 94% drop year on year from the lower selling price of the domestic sales of chicken parts and chicken byproducts while the profit contribution from Mackey was 132 million baht decreased by 3 million baht or 2.5% year on year and the interest expense of the group in the second quarter of this year equal to 21 million baht decreased by 4.8 million baht or 18.5% year on year from lower interest expense from the outstanding loan decrease and the interest and the income tax expense in the second quarter of this year was 67 million baht decreased by 1 million baht or 1.7% year on year from the lower coverage income tax.
[Company Representative] (GFPT): The profit from associated was 135 million THB in Q2 of this year, decreased by 62 million THB or 31% decrease year on year from the profit contribution from GFN was only 3.5 million THB, decreased by 85 million THB or 94% drop year on year from the lower selling price of the domestic sales of chicken parts and chicken by-products. The profit contribution from McKey was 132 million THB, decreased by 3 million THB or 2.5% year on year. The interest expense of the group in Q2 of this year equal to 21 million THB, decreased by 4.8 million THB or 18.5% year on year from lower interest expense from the outstanding loan decrease.
[Company Representative] (GFPT): The profit from associated was 135 million THB in Q2 of this year, decreased by 62 million THB or 31% decrease year on year from the profit contribution from GFN was only 3.5 million THB, decreased by 85 million THB or 94% drop year on year from the lower selling price of the domestic sales of chicken parts and chicken by-products. The profit contribution from McKey was 132 million THB, decreased by 3 million THB or 2.5% year on year. The interest expense of the group in Q2 of this year equal to 21 million THB, decreased by 4.8 million THB or 18.5% year on year from lower interest expense from the outstanding loan decrease.
[Company Representative] (GFPT): The income tax expense in Q2 of this year was 57 million THB, decreased by 1 million THB or 1.7% year on year from the lower corporate income tax. Finally, the consolidated net profit in Q2 of this year was 601 million THB, decreased by 41.5 million THB or 6.5% year on year from the lower revenue from sales and lower share profit from associated companies. The net profit margin decreased from 13.2% in Q2 of last year to 12.9% in Q2 of this year. Next will be the comparison between the six months of this year and six months of last year in terms of consolidated income statement. The total revenue for the six months of this year equal to 8,916 million THB, decreased by 615 million THB or 6.5% year on year.
[Company Representative] (GFPT): The income tax expense in Q2 of this year was 57 million THB, decreased by 1 million THB or 1.7% year on year from the lower corporate income tax. Finally, the consolidated net profit in Q2 of this year was 601 million THB, decreased by 41.5 million THB or 6.5% year on year from the lower revenue from sales and lower share profit from associated companies. The net profit margin decreased from 13.2% in Q2 of last year to 12.9% in Q2 of this year. Next will be the comparison between the six months of this year and six months of last year in terms of consolidated income statement. The total revenue for the six months of this year equal to 8,916 million THB, decreased by 615 million THB or 6.5% year on year.
Speaker #1: Finally, the consolidated net profit in the second quarter of this year was 601 million baht decreased by 41.5 million baht or 6.5% year on year from the lower revenue from sales and lower share of profit from associated company.
Speaker #1: The net profit margin decreased from 13.2% in the second quarter of last year to 12.9% in the second quarter of this year. Next will be the comparison between the sixth month of this year and sixth month of last year in term of consolidated income statement.
Speaker #1: The total revenue for the sixth month of this year equal to 8,916 million baht decreased by 615 million baht or 6.5% year on year while the cost of goods sold in the sixth month of this year was 7,505 million baht decreased by 5,555 57 million baht or 6.9% year on year while the gross profit was 1,411 million baht in the sixth month of this year decreased by 57 million baht or 3.9% from last year and the cost of sale for the sixth month of this year contributes about 84.2% of the revenue from sales decreased from 84.6% from last year while the gross profit margin contributes about 15.8% in the sixth month of this year slightly increased from 15.4% from the sixth month of last year.
[Company Representative] (GFPT): While the cost of goods sold in the 6 months of this year was 7,505 million THB, decreased by 557 million THB or 6.9% year on year. While the gross profit was 1,411 million THB in the 6 months of this year, decreased by 57 million THB or 3.9% from last year. The cost of sale for the 6 months of this year contributes about 84.2% of the revenue from sales, decreased from 84.6% from last year. While the GP margin contributes about 15.8% in the 6 months of this year, slightly increased from 15.4% from the 6 months of last year. The other income 6 months this year equal to 184 million THB, increased by 10 million THB or 5.7% from last year from the higher selling miscellaneous item and spare parts.
[Company Representative] (GFPT): While the cost of goods sold in the 6 months of this year was 7,505 million THB, decreased by 557 million THB or 6.9% year on year. While the gross profit was 1,411 million THB in the 6 months of this year, decreased by 57 million THB or 3.9% from last year. The cost of sale for the 6 months of this year contributes about 84.2% of the revenue from sales, decreased from 84.6% from last year. While the GP margin contributes about 15.8% in the 6 months of this year, slightly increased from 15.4% from the 6 months of last year. The other income 6 months this year equal to 184 million THB, increased by 10 million THB or 5.7% from last year from the higher selling miscellaneous item and spare parts.
Speaker #1: And the income other income sixth month this year equal to 184 million baht increased by 10 million baht of 5.7% from last year from the higher selling miscellaneous item and spare parts and SCNA percent SCNA expense in the sixth month of this year equal to 658 million baht decreased by 51 million baht or 7.2 year on year from lower freight cost from lower sales volume of the egg chicken export.
[Company Representative] (GFPT): SG&A expense in the 6 months of this year equal to 658 million THB, decreased by 51 million THB or 7.2% year on year from lower break cost from lower sales volume of the chicken export. The SG&A percentage decreased from 7.44% 6 months last year, to 7.38% from the 6 months in this year. The profit from associated was 283 million THB, decreased by 236 million THB or 45.5% year on year from the lower profit contribution from GFN and interest expense. In 6 months of this year was 43 million THB, decreased by 10 million THB or 19.2% year on year from lower interest expense as the outstanding loan decreased. Income tax expense in 6 months of this year was 103 million THB, increased by 0.5 million THB or 0.5% year on year from the lower deferred tax revenue.
[Company Representative] (GFPT): SG&A expense in the 6 months of this year equal to 658 million THB, decreased by 51 million THB or 7.2% year on year from lower break cost from lower sales volume of the chicken export. The SG&A percentage decreased from 7.44% 6 months last year, to 7.38% from the 6 months in this year. The profit from associated was 283 million THB, decreased by 236 million THB or 45.5% year on year from the lower profit contribution from GFN and interest expense. In 6 months of this year was 43 million THB, decreased by 10 million THB or 19.2% year on year from lower interest expense as the outstanding loan decreased. Income tax expense in 6 months of this year was 103 million THB, increased by 0.5 million THB or 0.5% year on year from the lower deferred tax revenue.
Speaker #1: And the SG&A percentage decrease from 7.44% six month last year to 7.38% from the sixth month in this year. And the profit from associated was 283 million baht decreased by 236 million baht or 45.5% year on year from the lower profit contribution from GFN and interest expense.
Speaker #1: In sixth month of this year was 43 million baht decreased by 10 million baht or 19.2 year percent year on year from lower interest expense as the outstanding loan decrease and income tax expense in sixth month of this year was 103 million baht increased by 0.5 million baht or 0.5% year on year from the lower deferred tax revenue and finally the consolidated net profit in the sixth month of this year equal to 1,118 million baht decreased by 163 million baht or 12.7% year on year from the lower revenue from sales and lower share of profit contribution from associated company and the net profit margin decreased from 13.44% six month last year to 12.54% six month in this year.
[Company Representative] (GFPT): Finally, the consolidated net profit in the 6 months of this year equal to 1,118 million THB, decreased by 163 million THB or 12.7% year on year from the lower revenue from sales and lower share of profit contribution from associated company. The net profit margin decreased from 13.44% in 6 months last year to 12.54% in 6 months in this year. Next will be the financial ratio in terms of the profitability. The GP margin increased from 16.7% in Q2 of last year to 16.9% in Q2 of this year. The EBITDA margin in Q2 of this year is quite similar to Q2 of last year, about 24.1%. The net profit margin decreased from 13.2% Q2 of last year to 12.9% in Q2 of this year.
[Company Representative] (GFPT): Finally, the consolidated net profit in the 6 months of this year equal to 1,118 million THB, decreased by 163 million THB or 12.7% year on year from the lower revenue from sales and lower share of profit contribution from associated company. The net profit margin decreased from 13.44% in 6 months last year to 12.54% in 6 months in this year. Next will be the financial ratio in terms of the profitability. The GP margin increased from 16.7% in Q2 of last year to 16.9% in Q2 of this year. The EBITDA margin in Q2 of this year is quite similar to Q2 of last year, about 24.1%. The net profit margin decreased from 13.2% Q2 of last year to 12.9% in Q2 of this year.
Speaker #1: Next will be the financial ratio in term of the profitability. The gross profit margin increased from 16.7% in the second quarter of last year to 16.9% in the second quarter of this year and the EBIT EBITDA margin in second quarter of this year is quite similar to second quarter of last year about 12 24.1% and the net profit margin decreased from 13.2% second quarter of last year to 12.9% in the second quarter of this of this year.
Speaker #1: And the average selling exchange rate equal to 22 32.6 baht per US dollar in the second quarter of this year. Earning per share in the second quarter of this year equal to 0.48 baht per share and dividend payment what was 0.2 baht per share or 10.3% dividend payout ratio and the expected RA in this year was 8.1% and the expected RE in this year was 10.5% that we calculate from the information of the sixth month of information of 2026.
[Company Representative] (GFPT): The average selling exchange rate equal to 32.6 THB per USD in Q2 of this year. Earning per share in Q2 of this year equal to 0.48 THB per share. Dividend payment was 0.2 THB per share or 10.3% dividend payout ratio. The expected ROA in this year was 8.1%, and the expected ROE in this year was 10.5%, that we calculate from the information of the 6 month of information of 2026. Next will be the balance sheet. The total asset of GFPT Group equal to 28,719 million THB, increased by 855 million THB or 3.1% from last year from the increasing in cash and cash equivalent by 950 million THB.
[Company Representative] (GFPT): The average selling exchange rate equal to 32.6 THB per USD in Q2 of this year. Earning per share in Q2 of this year equal to 0.48 THB per share. Dividend payment was 0.2 THB per share or 10.3% dividend payout ratio. The expected ROA in this year was 8.1%, and the expected ROE in this year was 10.5%, that we calculate from the information of the 6 month of information of 2026. Next will be the balance sheet. The total asset of GFPT Group equal to 28,719 million THB, increased by 855 million THB or 3.1% from last year from the increasing in cash and cash equivalent by 950 million THB.
Speaker #1: Next will be the balance sheet. The total asset of GFPT Group equal to 28,719 million baht increased by 855 million baht or 3.1% from last year from the increasing in cash and cash equivalent by 950 million baht and the GPT Group total liability equal to 6,151 million baht decreased by 16 million baht or 0.3% from last year from the short-term loans from financial institution decreased by 150 million baht and the shareholders equity was to 22,567 million baht increased by 871 million baht or 4% increased year on year.
[Company Representative] (GFPT): The GFPT Group total liability equal to THB 6,151 million, decreased by THB 50 million or 0.3% from last year from the short-term loans from financial institution decreased by THB 150 million. The shareholders' equity was THB 22,567 million, increased by THB 871 million or 4% increase year on year. Next will be the cash flow activity in Q2 of this year. The consolidated EBIT in Q2 of this year was THB 692 million, 4.6% drop year on year, as well as the consolidated EBITDA was THB 1,121 million, 4.7% drop year on year. Cash flow activity in Q2 of this year, we have net cash received from operating activity, THB 1,752 million, and net cash received from investing activity, THB 246 million, mainly in the pig asset expansion and also the grandparent and parent breeder farms.
[Company Representative] (GFPT): The GFPT Group total liability equal to THB 6,151 million, decreased by THB 50 million or 0.3% from last year from the short-term loans from financial institution decreased by THB 150 million. The shareholders' equity was THB 22,567 million, increased by THB 871 million or 4% increase year on year. Next will be the cash flow activity in Q2 of this year. The consolidated EBIT in Q2 of this year was THB 692 million, 4.6% drop year on year, as well as the consolidated EBITDA was THB 1,121 million, 4.7% drop year on year. Cash flow activity in Q2 of this year, we have net cash received from operating activity, THB 1,752 million, and net cash received from investing activity, THB 246 million, mainly in the pig asset expansion and also the grandparent and parent breeder farms.
Speaker #1: Next will be the cash flow activity in the second quarter of this year. The consolidated EBIT in the second quarter of this year was 692 million baht 4.6% drop year on year as well as the consolidated EBITDA was 1,121 million baht 4.7% drop year on year and the cash flow activity in the second quarter of this year we have net cash received from operating activity 107 1,752 million baht and net cash received from investing activity 2,246 million baht mainly in the fixed asset expansion and also the grandparent and parent breeder farms and the net cash used in financing activity about 500 555 million baht and so the cash ending at the end of June was 4,480 million baht increased by 1,296 million baht from previous year.
[Company Representative] (GFPT): The net cash used in financing activity about THB 555 million. So the cash ending at the end of June was THB 4,480 million, increased by THB 1,296 million from previous year. The book value increased from THB 17.3 per share in 2025 to THB 18 per share at the end of June in this year. Next will be the interest-bearing debt. At the end of June this year, the company has a total liability of THB 6.15 billion, comprising of the non-interest bearing debt in amount of THB 2.55 billion and interest bearing debt in amount of THB 3.6 billion. The interest bearing debt consists of the short-term loans, THB 130 million, and long-term loans, THB 3,470 million. All loans in Thai baht currency. We have no exposure in the foreign currency borrowing, and the debt to equity ratio was only 0.27 times.
[Company Representative] (GFPT): The net cash used in financing activity about THB 555 million. So the cash ending at the end of June was THB 4,480 million, increased by THB 1,296 million from previous year. The book value increased from THB 17.3 per share in 2025 to THB 18 per share at the end of June in this year. Next will be the interest-bearing debt. At the end of June this year, the company has a total liability of THB 6.15 billion, comprising of the non-interest bearing debt in amount of THB 2.55 billion and interest bearing debt in amount of THB 3.6 billion. The interest bearing debt consists of the short-term loans, THB 130 million, and long-term loans, THB 3,470 million. All loans in Thai baht currency. We have no exposure in the foreign currency borrowing, and the debt to equity ratio was only 5 to 0.27 times.
Speaker #1: The book value increased from 17.3 baht per share in 2025 to 18 baht per share in at the end of June in this year.
Speaker #1: Next will be the interest bearing debts. At the end of June this year the company has a total liability of 6.15 billion baht comprising of the non-interest bearing debt in term in amount of 2.55 billion baht and interest bearing debt in amount of 3.6 billion baht.
Speaker #1: And the interest bearing debt consists of the short-term loans 130 million baht and long-term loans 3,470 million baht or loans in Thai baht currency we have no exposure in the foreign currency borrowing and the debt to equity ratio was only 0.27 time.
Speaker #1: Next will be the capital expenditure the investment budget in this year is about 1 to 1.2 billion baht mainly for the brother farm breeder farm expansion and also the process further processing expansion we plan to increase the number of the chicken about 10% a year or equal to 20,000 birds per day per year however the brother farm expansion plan can be adjusted due to the economics and industry situation.
[Company Representative] (GFPT): Next will be the capital expenditure. The investment budget in this year is about THB 1 to 1.2 billion, mainly for the broiler farm, breeder farm expansion, and also the further processing expansion. We plan to increase the number of the chicken about 10% a year or equal to 20,000 birds per day per year. However, the broiler farm expansion plan can be adjusted due to the economic and industry situation. Next will be the global broiler meat market. In 2025, Thailand ranked number four in term of chicken export and ranked number seven in term of chicken production in the global market. Thailand export product to Japan 39%, UK 16%, EU 14%, China 7%, and other countries 24%, and we mainly export in term of cooked 53% and 47% in term of the raw chicken. Next will be the history of the 50 years of Thai chicken export.
[Company Representative] (GFPT): Next will be the capital expenditure. The investment budget in this year is about THB 1 to 1.2 billion, mainly for the broiler farm, breeder farm expansion, and also the further processing expansion. We plan to increase the number of the chicken about 10% a year or equal to 20,000 birds per day per year. However, the broiler farm expansion plan can be adjusted due to the economic and industry situation. Next will be the global broiler meat market. In 2025, Thailand ranked number four in term of chicken export and ranked number seven in term of chicken production in the global market. Thailand export product to Japan 39%, UK 16%, EU 14%, China 7%, and other countries 24%, and we mainly export in term of cooked 53% and 47% in term of the raw chicken. Next will be the history of the 50 years of Thai chicken export.
Speaker #1: Next will be the global brother meat market. In 2025 Thailand ranked number four in term of chicken export and ranked number seven in term of chicken production in the global market.
Speaker #1: Thailand export product to Japan 39% UK 16% EU 14% China 7% and other countries 24% and we mainly export in term of cook 53% and 47% in term of the raw chicken.
Speaker #1: Next will be the history of the 50 years of Thai chicken export. Thai chicken meat export has been very strong since 1973 but after the birth flu outbreak in the beginning of 2004 Thai chicken industry still strong by switching from export fresh chicken meat to fully cooked chicken product.
[Company Representative] (GFPT): Thai chicken meat export has been very strong since 1973, but after the bird flu outbreak in the beginning of 2004, Thai chicken industry is still strong by switching from export fresh chicken meat to fully cooked chicken product. After the major importers such as EU and Japan lift ban from fresh frozen chicken meat from Thailand since 2012, Thai chicken meat export stream has been very strong. In 2025, Thai chicken meat export break historical high with more than 1.3 million metric tons or equal to THB 165 billion. Next will be the global broiler meat market. For the global chicken production, US is the market leader, followed by China, Brazil, and EU, and Thailand rank number seven. In term of the global chicken export, Brazil is the market leader, followed by US and EU, Thailand rank number four.
[Company Representative] (GFPT): Thai chicken meat export has been very strong since 1973, but after the bird flu outbreak in the beginning of 2004, Thai chicken industry is still strong by switching from export fresh chicken meat to fully cooked chicken product. After the major importers such as EU and Japan lift ban from fresh frozen chicken meat from Thailand since 2012, Thai chicken meat export stream has been very strong. In 2025, Thai chicken meat export break historical high with more than 1.3 million metric tons or equal to THB 165 billion. Next will be the global broiler meat market. For the global chicken production, US is the market leader, followed by China, Brazil, and EU, and Thailand rank number seven. In term of the global chicken export, Brazil is the market leader, followed by US and EU, Thailand rank number four.
Speaker #1: After the major importer such as EU and Japan lift ban from fresh frozen chicken meat from Thailand since 2012 Thai chicken meat export stream has been very strong and in 2025 Thai chicken meat export break historical high with more than 1 million and 1.3 million metric tons or equal to 165 billion baht.
Speaker #1: Next will be the global brother meat market. For the global chicken production US is the market leader followed by China Brazil and EU and Thailand rank number seven.
Speaker #1: In term of the global chicken export Brazil is the market leader followed by US and EU Thailand ranked number four and in term of the global chicken meat import Japan is a market leader followed by Mexico UK and EU.
[Company Representative] (GFPT): In terms of the global chicken meat import, Japan is the market leader, followed by Mexico, UK, and EU. Next will be the commodity price. Slide 33 provides statistical data on selected commodity price for reference. The corn price in Q2 of this year, about THB 12.2 per kilogram, increased from THB 10.8 per kilogram in Q2 of last year, as well as the soybean meal price in Q2 of this year was THB 15.4 per kilogram, slightly increased from THB 15.2 per kilogram in Q2 of last year. The average broiler price in Q2 of this year was THB 37 to THB 38 per kilogram, decreased from THB 40 per kilogram in Q2 of last year.
[Company Representative] (GFPT): In terms of the global chicken meat import, Japan is the market leader, followed by Mexico, UK, and EU. Next will be the commodity price. Slide 33 provides statistical data on selected commodity price for reference. The corn price in Q2 of this year, about THB 12.2 per kilogram, increased from THB 10.8 per kilogram in Q2 of last year, as well as the soybean meal price in Q2 of this year was THB 15.4 per kilogram, slightly increased from THB 15.2 per kilogram in Q2 of last year. The average broiler price in Q2 of this year was THB 37 to THB 38 per kilogram, decreased from THB 40 per kilogram in Q2 of last year.
Speaker #1: Next will be the commodity price. Slide 33 provides statistical data on selected commodity price for reference. The the corn price in the second quarter of this year about 12.2 baht per kilogram increased from 10.8 baht per kilogram in the second quarter of last year as well as the soil bean meal price in the second quarter of this year was 15.4 baht per kilogram slightly increased from 15.2 baht per kilogram in the second quarter of last year.
Speaker #1: And the average brother price in the second quarter of this year was 37 to 38 baht per kilogram decreased from 40 baht per kilogram in the second quarter of last year while the Dell chip price in the second quarter of this year was 16.2 baht per sheet decreased from 18.5 baht per sheet in the second quarter of last year.
[Company Representative] (GFPT): While the day-old chick price in Q2 of this year was THB 16.2 per chick, decreased from THB 18.5 per chick in Q2 of last year. The export price in Q2 of this year consists of the Japan export price equal to $4,700 US per metric ton, while the export price to EU was $4,400 US per metric ton. Next will be the supporting and risk factor in this year. Starting from the supporting factor consists of the global recognized food safety standard. With the trust, compartment, and traceability system ensure disease control.
[Company Representative] (GFPT): While the day-old chick price in Q2 of this year was THB 16.2 per chick, decreased from THB 18.5 per chick in Q2 of last year. The export price in Q2 of this year consists of the Japan export price equal to $4,700 US per metric ton, while the export price to EU was $4,400 US per metric ton. Next will be the supporting and risk factor in this year. Starting from the supporting factor consists of the global recognized food safety standard. With the trust, compartment, and traceability system ensure disease control.
Speaker #1: And the export price in the second quarter of this year consists of the Japan export price equal to 40700 US per metric ton while the export price to EU was 4,400 US per metric ton.
Speaker #1: Next will be the supporting and risk factor in this year. Starting from the supporting factor consists of the global recognized food safety standard with the trust compartment and traceability system ensure this is control the growing poultry demand rising population and economic boost demand from affordable chicken and also the cook and processed chicken meat market growth rising demand for ready to eat and convenience food and with the strong export competitiveness Thailand list in the processed chicken export with high production standard with the lower production cost enhanced price competitiveness for producer and the last one will be the economic and tourist recovery which boost the food service growth especially restaurant fast food and street food moving to the risk factor consists of the animal disease outbreak and hygiene risk the global birth flu outbreak may reduce grandparent and parent supply limiting the brother production the global market competition such as Brazil and US outcompete with the lower feed material cost and the cost volatility and rising expense like the weather risk like El Niño and La Niña may raise the feed cost despite the expected price decline and the non-tariff measurement like the labor and environmental standard may limit the Thailand poultry competitiveness.
[Company Representative] (GFPT): The growing poultry demand, rising population, and economic boost demand from affordable chicken, and also the cooked and processed chicken meat market growth, rising demand for ready-to-eat and convenience food, and with the strong export competitiveness, Thailand leads in the processed chicken export with high production standard, with the lower production cost, enhanced price competitiveness for producer. The last one will be the economic and tourist recovery, which boost the food service growth, especially restaurant, fast food, and street food. Moving to the risk factor consists of the animal disease outbreak and hygiene risk. The global bird flu outbreak may reduce grandparent and parent supply, limiting the broiler production.
[Company Representative] (GFPT): The growing poultry demand, rising population, and economic boost demand from affordable chicken, and also the cooked and processed chicken meat market growth, rising demand for ready-to-eat and convenience food, and with the strong export competitiveness, Thailand leads in the processed chicken export with high production standard, with the lower production cost, enhanced price competitiveness for producer. The last one will be the economic and tourist recovery, which boost the food service growth, especially restaurant, fast food, and street food. Moving to the risk factor consists of the animal disease outbreak and hygiene risk. The global bird flu outbreak may reduce grandparent and parent supply, limiting the broiler production.
[Company Representative] (GFPT): The global market competition, such as Brazil and US, outcompete with the lower feed material cost, and the cost volatility and rising expense like the weather risk, like El Niño and La Niña, may raise the feed cost despite the expected price decline, and the non-tariff measurement like the labor and environmental standard may limit the Thailand poultry competitiveness. The oversupply risk increase the pop production may lead the market oversupply, causing the price decline with the lower producer profit. The geopolitical risk and trade impact like the Russia and Ukraine may raise the feed cost. Next will be the guidance in this year. Our management provide 2026 guidance with no growth from 2025 sales. We have the anticipated GP margin about 15% to 16%, and SG&A percent expense should be around 7% to 8% of the revenue from sales.
[Company Representative] (GFPT): The global market competition, such as Brazil and US, outcompete with the lower feed material cost, and the cost volatility and rising expense like the weather risk, like El Niño and La Niña, may raise the feed cost despite the expected price decline, and the non-tariff measurement like the labor and environmental standard may limit the Thailand poultry competitiveness. The oversupply risk increase the pop production may lead the market oversupply, causing the price decline with the lower producer profit. The geopolitical risk and trade impact like the Russia and Ukraine may raise the feed cost. Next will be the guidance in this year. Our management provide 2026 guidance with no growth from 2025 sales. We have the anticipated GP margin about 15% to 16%, and SG&A percent expense should be around 7% to 8% of the revenue from sales.
Speaker #1: The oversupply risk increase the production mainly the market oversupply causing the price decline with the lower broad producer profit. And the geopolitical risk and trade impact like the Russia and Ukraine may raise the feed cost.
Speaker #1: Next will be the guidance in this year over management provide 2026 guidance with no growth from 2025 sales and we have the anticipated GP margin about 15 to 16% and SCMA percent expense should be around 7 to 8% of the revenue from sales.
Speaker #1: The other ratio such as the financial cost and effective tax rate will be similar to 2025 and the capex about 1 to 1.2 billion baht for the fixed asset investments.
[Company Representative] (GFPT): The other ratio, such as the financial cost and effective tax rate, will be similar to 2025. The CapEx about 1 to 1.2 billion THB for the pig asset investment. The last topic will be the key statistic relating to our core business. The chicken meat and feed business contribute about 70% of the consolidated revenue of GFPT Group. In Q2 of this year, export volume decreased by 5%, mainly from decreasing in export volume of the raw chicken to China. Indirect export volume to Macau in Q2 of this year also decreased by 13% year on year. The domestic sales volume in Q2 of this year increased by 7%. Moving to the domestic feed market.
[Company Representative] (GFPT): The other ratio, such as the financial cost and effective tax rate, will be similar to 2025. The CapEx about 1 to 1.2 billion THB for the pig asset investment. The last topic will be the key statistic relating to our core business. The chicken meat and feed business contribute about 70% of the consolidated revenue of GFPT Group. In Q2 of this year, export volume decreased by 5%, mainly from decreasing in export volume of the raw chicken to China. Indirect export volume to Macau in Q2 of this year also decreased by 13% year on year. The domestic sales volume in Q2 of this year increased by 7%. Moving to the domestic feed market.
Speaker #1: And the last topic will be the key statistic show the relating to our core business. The chicken meat and feed business contribute about 70% of the consolidated revenue of GFPT group.
Speaker #1: In the second quarter of this year export volume decreased by 5% mainly from decreasing in export volume of the raw chicken to China and indirect export volume to McKee in the second quarter of this year also decreased by 13% year on year and the domestic sales volume in the second quarter of this year increased by 7% and moving to the domestic feed market.
Speaker #1: Sales volume of animal feed decreased by 22% year on year as well as the fish feed sales volume decreased by 34% year on year and the trim feed sales volume increased by 3% comparing to the second quarter of last year.
[Company Representative] (GFPT): Sales volume of animal feed decreased by 22% year on year, as well as the fish feed sales volume decreased by 34% year on year. The shrimp feed sales volume increased by 3% comparing to Q2 of last year. We would like to thank you to join our webcast today. If anyone would like to have more information about GFPT Group, including the latest annual report and results presentation, please visit our website, www.gfpt.co.th or contact our IR department. Thank you again, and see you next time.
[Company Representative] (GFPT): Sales volume of animal feed decreased by 22% year on year, as well as the fish feed sales volume decreased by 34% year on year. The shrimp feed sales volume increased by 3% comparing to Q2 of last year. We would like to thank you to join our webcast today. If anyone would like to have more information about GFPT Group, including the latest annual report and results presentation, please visit our website, www.gfpt.co.th or contact our IR department. Thank you again, and see you next time.
Speaker #1: And we would like to thank you to join our webcast today. If anyone would like to have more information about GFPT group including the latest annual report and resource presentation please visit our website www.gfpt.co.th or contact our AR department.
