BANGKOK – May 9, 2025 

Thai Union Group PCL reported a 10.3% decline in sales to THB 29.8 billion for the first quarter of the year, due to a 6.9% decline in organic sales growth, softer Ambient, Frozen and Value-added categories, and a stronger Thai Baht against key currencies. Continued cost discipline helped maintain a healthy balance sheet, with the Group’s Gross Profit Margin rising to 18.8% - a record for the first quarter.

In Q1 2025, net profit, excluding transformation costs associated with the implementation of Strategy 2030 – Thai Union’s bold roadmap to deliver strong growth and transform the Group into the world’s leading marine health and nutrition company, increased by 8.9% year-on-year to THB 1.3 billion. While the reported net profit was reported at THB 1 billion. Thai Union maintained a solid net-debt-to-equity ratio at a healthy 1.0x.

“Despite a challenging macro backdrop, we continued to strengthen our core businesses, invest for long-term growth and deliver healthy profitability,” said Thiraphong Chansiri, CEO of Thai Union Group. “When we embarked on our transformation journey, we knew increasing our agility, efficiency and speed was essential. In today’s world that is never more true. We have laid solid foundations, which are now serving us well and delivering value which will only increase further in the future.”