Food Empire Holdings has seen a significant boost in its financial performance for the first half of 2025, with core profit after tax and minority interest rising by 32% year-on-year to $31m. This exceeded UOB Kay Hian Research’s expectations by 8%, leading the firm to raise its target price for Food Empire’s shares by 14% to $2.00 (S$2.73).
The company’s revenue surged by 22% year-on-year to $200m (US$274m), with Vietnam leading the charge with a 37% increase. This growth was bolstered by strategic initiatives, including a partnership with Capital A’s Santan to launch new products and expand capacity in India. Food Empire also declared its first-ever interim dividend of 3.0 Singapore cents per share, reflecting confidence in its growth trajectory.
Food Empire’s expansion plans include a $27m (US$37m investment in its spray-dried coffee manufacturing facility in Andhra Pradesh, India, expected to increase capacity by 60% by the end of 2027. Additionally, a partnership with Capital A Berhad’s Santan Food Services aims to co-develop ready-to-drink beverages, starting with Vietnamese iced coffee, to be launched on AirAsia flights and in regional retail outlets.
The company’s strong performance has been recognised with several accolades in 2025, including being listed in the Fortune Southeast Asia 500 and receiving the “Company of Good” recognition from the National Volunteer & Philanthropy Centre. These achievements underscore Food Empire’s commitment to sustainable innovation and community empowerment.
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