Thai Wafer Posts Strong H1 Sales of 4.76 Billion Baht
Thai Wafer achieved 4.76 billion baht in first-half sales, up 3.5% year-on-year, driven by growth in higher-margin food and specialty ingredients despite supply chain pressures from rising cassava prices and geopolitical tensions.
Thai Wafer (TWPC) revealed first-half 2025 earnings with total sales of 4.762 billion baht, a 3.5% increase from the same period last year, and net profit of 139 million baht, up 0.7% year-on-year. The results reflect the company's ability to maintain revenue growth and profit levels despite rising raw material costs, particularly in the second quarter. Second quarter sales reached 2.343 billion baht, up 1.8% from the prior year, as the company maintained disciplined management of operating expenses and finance costs that helped offset raw material impacts.
CEO Ho Ren Hua noted that the company's supply chain faced challenges from elevated cassava root prices due to drought and disease, along with cost pressures from U.S.-Iran geopolitical tensions. However, proactive risk management kept overall impact contained. The food business and specialty ingredients (HVA) division drove growth, with their combined gross profit margin reaching 79.5% in Q2 and 71.5% in the first half, reflecting the company's strategy to shift toward higher-margin, less volatile businesses.
TWPC launched three new products in the first half, including soft glass noodles that achieved 2.6 times monthly growth within four months of launch. The company plans to introduce 8-9 new SKUs in 2025 to expand its customer base and increase high-margin product share. Under its China 2.0 strategy, TWPC opened a new manufacturing facility in China in July 2025 and has begun commercial production.
