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“TTC AgriS Reaps Results: On Track to Achieve Annual Profit Goals”

1 February, 2025

TTC AgriS on Track to Meet Targets, With Nearly 60% of Annual Profit Plan Completed

On January 25, 2025, TTC AgriS released its financial report for the second quarter of the 2024-2025 fiscal year. The company reported positive results with net revenue of over VND 7,538 billion, a 7.4% increase compared to the same period last year. Pre-tax profit reached nearly VND 264 billion, a 16% year-on-year increase. Notably, net profit stood at almost VND 231 billion, an impressive 30% surge compared to the previous year.

For the first six months of the fiscal year, total net revenue reached VND 14,360 billion, completing 55% of the plan, while pre-tax profit hit VND 530 billion, accounting for 59% of the target set by the Annual General Meeting of Shareholders.

Sales volume for the second quarter reached nearly 360,000 tons of sugar, a 4.37% increase from the previous quarter and an 11.25% year-on-year rise. Notably, the domestic channel grew by 37.43%, driven by contributions from the industrial (B2B) channel (up 8.7%) and the trading channel (an impressive 87.91% increase).

For the first six months, total sales volume reached 690,000 tons, an over 8% increase compared to the same period last year, and is expected to hit the 1-million-ton mark in early 2025. Thus, in the first half of the 2024-2025 fiscal year, TTC AgriS has completed nearly 60% of its annual profit plan, closely following the targets set by the Annual General Meeting of Shareholders.

As of December 31, 2024, TTC AgriS’s total assets amounted to VND 34,000 billion. The current payment ratio stood at 1.17, demonstrating the company’s robust financial strength and safe financial structure.

TTC AgriS boasts a diverse portfolio of nearly 200 natural nutrition-based products

Annual General Meeting of Shareholders Successfully Held, Governance Legal Framework Enhanced, Accelerating the Execution of the New Development Phase 2025-2030

On January 23, an extraordinary Annual General Meeting of Shareholders for the 2024-2025 fiscal year was successfully held in Tay Ninh, with a high approval rate of over 99.99% for several critical agendas. Notable items included amendments to the Company’s Charter, Internal Regulations on Corporate Governance, and the Organization and Operation of the Board of Directors, aiming to establish a more comprehensive legal framework for governance that aligns with the new business model and the issuance of convertible bonds.

At the meeting, Chairwoman of the Board of Directors, Ms. Dang Huynh Uc My, provided an update on the company’s performance and strategy for the upcoming period. She stated, “With the results achieved so far, the company’s management is confident in not only excelling in the financial targets set by the Annual General Meeting of Shareholders but also in non-financial goals related to Environmental, Social, and Governance (ESG) factors, which will be a breakthrough for TTC AgriS this fiscal year, showcasing the stature of a leading multinational agricultural enterprise embracing green and sustainable trends.”

Ms. Dang Huynh Uc My, Chairwoman of the Board of Directors of TTC AgriS, updates the company’s performance and strategy for 2025-2030 at the meeting

Thus, in the first half of the 2024-2025 fiscal year, with its new operating model based on the Circular Commercial Value Chain, TTC AgriS has achieved positive business results amid a volatile global trade environment, validating the right strategic direction set by the Board of Directors and the Annual General Meeting of Shareholders. With an enhanced corporate governance legal framework following the meeting, the company aims to accelerate its business expansion, especially in the Food-Beverage-Dairy-Confectionery (FBMC) sector during this pivotal fiscal year, laying a solid foundation for executing its 2025-2030 strategy.

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– 08:17 25/01/2025