- Food Empire maintains an optimistic outlook and is confident that its strong brand equity will provide resilience against the direct impact of the tariff wars. The Southeast Asia segment took the top spot in revenue contribution for the first time.
1Q25 results slightly above expectations
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All major segments delivered positive revenue growth
- All major segments delivered positive revenue growth as Food Empire continued to adopt a dynamic pricing approach to cushion its performance from inflationary pressures, rising operating costs and surging coffee bean prices. Topline grew 16% y-o-y, primarily due to strong double-digit growth from:
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- South Asia (+32% y-o-y), which saw increased demand for both freeze-dried and spray-dried soluble coffee with both facilities running at full capacity, and
- Ukraine, Kazakhstan and Commonwealth of Independent States (CIS) (+15% y-o-y), driven primarily by Kazakhstan, where revenue rose 29%, reflecting the contribution from Tea House LLP, which became a subsidiary in May 2024. Ukraine also posted a 10% increase in revenue.
Cautiously optimistic about sustaining strong revenue growth
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