- Food Empire (SGX:F03)'s 1Q26 revenue grew 16.9% y-o-y to S$159.7m, driven by strong performance from Russia and Central Asia. ASP increases and higher sales volumes were the key contributors to this robust revenue growth.
Strong growth in Russia and Central Asia
- - Read this at SGinvestors.io -
- The SEA segment delivered revenue growth of 7.5% to US$43.0m, driven mostly by the Vietnam market in 1Q26.
India plants running at full capacity
- Its spray‑dried and freeze‑dried manufacturing facilities in India are currently running at full capacity, with higher inter‑company sales to support its branded consumer business.
- - Read this at SGinvestors.io -
1-for-5 bonus issue to enhance liquidity
- Food Empire issued a 1‑for‑5 bonus issue to enhance liquidity and, in turn, institutional relevance, as this should improve accessibility for institutional investors that require minimum liquidity thresholds.
- We expect revenue and margins to remain strong in FY26E, with Russia, Central Asia and Vietnam continuing to be the key growth drivers for Food Empire.
Maintain BUY and target price of S$3.95
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybanktrade.com.sg/ 2026-05-14
Previous report by Maybank:
2026-02-27 Food Empire - Another Record Year.
Price targets by 3 other brokers at Food Empire Target Prices.
Listing of research reports at Food Empire Analyst Reports.
Relevant links:
Food Empire Share Price History,
Food Empire Announcements,
Food Empire Dividend Payout Dates & Corporate Actions,
Food Empire News
