Food industry/Thai Wah Group

Editorial staff

Despite a challenging global environment, Thai Wah achieved a significant increase in gross profit and core profit from operations in the first three months of this year.

Its total sales in Q1 2025 reached 2.29 billion baht with net profit of 117 million baht, an increase of more than 77% year-over-year. This performance is driven by a strategic focus on higher-margin segments, cost optimization, and efficiency improvements. The food business continues to grow steadily with the successful launch of ready-to-eat products and continued growth of core portfolios in Thailand and Vietnam. The partnership with Fuji Nihon Corporation will support further expansion into APAC food ingredient markets.

The group unveiled its ambitious 2030 transformation plan, aimed at driving growth, innovation, and sustainability in the global food industry. This strategic roadmap focuses on strengthening core businesses, reinvesting in high-growth areas, and pioneering sustainable practices to meet the evolving demands of global food consumers.

Thai Wah Group remains committed to innovation and sustainability, leveraging its diversified portfolio to deliver exceptional value to shareholders.

Ho Ren Hua, CEO of Thai Wah Group.

It is embarking on a transformative journey with ambitious goals for 2030, built on three strategic pillars.
Thai Wah will double its food and high-value applications (HVA) portfolio by 2030 through focusing on top-performing categories and geographical diversification. This includes expanding its product portfolio beyond noodles to include rice paper, sweet potato noodles, fresh vermicelli, dry vermicelli, bean sheets, instant pouches, fresh rice noodles, dry rice noodles, organic noodles, and ready-to-eat and ready-to-cook solutions. The company aims to serve the growing $1 trillion APAC sustainable food sector by repositioning its offerings to meet the growing demand for healthier, clean-label, gluten-free, and non-GMO products. Improvement in EBITDA and net margins is driven by an increased focus on higher-value and premium products.

Thai Wah is strategically expanding its presence in high-growth regions and segments, including the Middle East, Europe, APAC, and China, among other key markets. The company aims to be among the top three market leaders in key countries and categories by 2030, strengthening customer intimacy and collaboration through accelerated innovation and partnerships. While the company is based in Bangkok, it now operates in 7 countries with 10 operations in sales, marketing, distribution and supply chain to drive reach and speed to the customer.

Thai Wah’s core starch business continues to drive cash profitability while driving productivity and streamlining processes across the value chain. Programs have been initiated to maximize margins, including optimizing supply chain costs, improving process efficiency, and leveraging technology to unlock significant value.

“By 2030, we aim to be a leading food company in Asia, driving innovation and sustainability in every aspect of our business with scale and speed,” said Ho Ren Hua, CEO of Thai Wah Group.

“Given the current context of the global environment with higher tariffs and a slower economy, the need for businesses to stay agile, resilient, and responsive is crucial. We play a key part in the meals of our Asian consumers and driving food security across the region. Our sales, marketing, and distribution capabilities are significant across both B2B and B2C food products, and we continue to launch more than 10 new products per year."

Despite a challenging economic environment, Thai Wah remains committed to delivering sustainable growth and value creation. The company is focused on accelerating the food portfolio and cost efficiency initiatives, which are expected to deliver significant savings and drive profitability, with a target of achieving steady-state annualized EBITDA of 1 billion baht next year onwards and towards 2030.