Betagro Public Company Limited, a leading integrated food company in Thailand, has reported a 5.3% increase in revenue for 2024, achieving a total of 114.94 billion baht.

The company also posted a net profit of 2.47 billion baht, bouncing back from a previous net loss.

This performance comes amid various economic challenges, emphasizing the company's strategic adaptability.

Looking ahead, Betagro plans to invest 4.8 billion baht in 2025 to support its growth strategies across both domestic and international markets, with a projected revenue growth target of 3-7%.

CEO Vasit Taepaisitphongse highlighted the resilience of Betagro in navigating economic uncertainties and market fluctuations.

The company's success in 2024 stemmed from robust performance across its core business segments, including the Food and Protein division, which saw growth due to rising consumer demand at home and abroad, a successful product portfolio optimization, and increased prices for chicken linked to strong export performance.

A new feed mill opened in Chachoengsao further amplified the Agro business's output capacity.

The financial results indicated a recovery with a net profit increase of 2.47 billion baht, rising from a loss of 1.40 billion baht in 2023. This was supported by a 42.1% increase in gross profit, amounting to 15.40 billion baht in 2024, and an improved gross profit margin of 13.5%.

The reduction in raw material costs, particularly in animal feed, and sound cost management contributed to this positive outcome.

Betagro’s robust financial standing was reaffirmed by TRIS Rating, maintaining the company's corporate credit rating at 'A' with a 'Stable' outlook.

In 2025, the company outlined three pivotal strategies for its investment:

International Expansion - Actively pursuing mergers and acquisitions as well as forming strategic partnerships in key markets.

Product and Channel Mix Optimization - Enhancing profitability by prioritizing high-margin products and extending distribution channels.

Cost Transformation - Utilizing digital technology and innovative processes to elevate operational efficiency and profitability.

The company anticipates continuing the trend of recovery in pig and chicken prices alongside a decrease in animal feed costs, which, alongside strong export growth, particularly to European markets, reaffirms its confidence in achieving targeted growth.

In addition to financial progress, Betagro underscores its commitment to Environmental, Social, and Governance (ESG) standards.

In 2024, the company received the highest-level 'AAA' SET ESG Rating from the Stock Exchange of Thailand, marking it among only 56 listed firms awarded this distinction.

In 2025, Betagro aims to further amplify its ESG initiatives, aligning with FTSE Russell ESG Scores to underscore its dedication to sustainability.

CEO Vasit emphasized that the company seeks to drive strong growth in conjunction with all stakeholders while fostering a sustainable future.