ไทย
i-Tel Corporation Public Company Limited (ITC), a global leader in the pet food industry, reported third-quarter 2025 financial results with sales of 4,721 million baht, a 6.4% increase year-on-year and a 5.5% increase quarter-on-quarter. Sales in US dollars increased by 14.2% year-on-year to US$144 million, driven by orders in the US market and expansion into Europe, reflecting continued growth and customer confidence in leading pet food brands. The company’s adjusted gross profit was 1,192 million baht, a 6.4% increase quarter-on-quarter, while adjusted net profit was 927 million baht, a 15.4% increase quarter-on-quarter.
Roy Chan, CEO of i-Tel Corporation, said, “i-Tel continues to demonstrate strength and operational efficiency amidst global economic volatility. Growth this quarter was driven by strong demand for pet food in the U.S. market, a key operating market, as well as a 55.1% increase in premium product expansion, a significant factor contributing to a robust gross margin of 25.4%.”
“Despite challenging external factors impacting our business operations, such as US tax adjustments and the appreciation of the Thai baht, our Q3 results reflect our ability to conduct business through a diversified product portfolio, efficient operations and cost management, and the trust of leading global pet food brands. i-Tel remains focused on flexible, agile, efficient, and innovative operations to drive sustainable growth and create value for all stakeholders.”
In the first nine months of 2025, i-Tel achieved total sales of 13,443 million baht, a 3.2% increase from the previous year. Sales in US dollars grew by 10.1%, driven by continued expansion in the US market, which recorded sales of 7,695 million baht, a 19.2% increase from the previous year. Regionally, the Americas accounted for 57% of total sales, followed by Asia and Oceania at 29%, and Europe at 14%. Net weight (NWT) sales grew by 11.1% year-on-year, reflecting strong demand for pet food despite external challenges. Simultaneously, the company launched new products generating over 1,677 million baht in revenue. Furthermore, the pet treats product line continued to be the main driver of growth, with sales increasing by 33.6% year-on-year, driven by orders from global pet food brands and private label clients.
i-Tel continues to strengthen its position to meet the growing demand in the pet treat market, aligning with industry trends focusing on functional and wellness-oriented treats, seasonal and special occasion pet treats, and the humanization of pet food. Pet treat sales in Q3 accounted for over 17.5% of total sales, reflecting increasing consumer demand for high-quality and innovative pet food products. Furthermore, the company has developed advanced food technologies and filed patents for various innovative products, including meat analogs, to provide consumers with more choices. All of this enhances intellectual property, differentiates its products, and strengthens its competitiveness in the global market.
“We are confident in our direction for the remainder of the year. Our 2025 performance reflects growth in both sales volume and US dollar sales, reinforcing the company’s ability to effectively drive its strategies, coupled with strong collaborations with global brands and a continued focus on premium product development. With a solid business foundation and a commitment to innovative pet food for the health and well-being of pets, i-Tel is ready to seize new growth opportunities in the continuously expanding global pet food industry,” added Roy Chan.
Read more at: https://www.thebetter.co.th/news/investment/37048