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Food Empire (SGX:F03) climbed 43 places to 421st in the 2026 Fortune Southeast Asia 500, up from its debut at 464th in 2025. The advance came despite a higher revenue threshold for inclusion this year, signalling that the group outpaced peers on top-line growth. This was driven by 2025 revenue rising 21.1% y-o-y to a record US$577m, marking five consecutive years of annual revenue growth.
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Robust facilities and strong expansion pipeline.
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The next two years mark the most concentrated period of capacity additions in Food Empire's history, with four facilities across four countries coming online sequentially:
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the Malaysia snack factory expansion (1H26, +50% snack output),
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India spray-dried coffee Phase 2 (2027, +60% India capacity), and
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the Vietnam freeze-dried facility (2028).
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These lift the network to 10 facilities, supporting branded consumer volume growth and B2B soluble coffee revenue from third parties. The India plants are already at full utilisation, making the 2027 expansion demand-backed, while the Vietnam facility, at US$80m capex, is the group's largest ever investment and positions Food Empire as a regional freeze-dried coffee supplier.
1-for-5 bonus issue enhances liquidity.
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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Tang Kai Jie UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-06-19
Previous report by UOB:
2026-05-14 Food Empire 1Q26 - Record Quarter; Asia Surpasses Traditional Markets.
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
