“TTC AgriS Reaps Rewards: On Track to Surpass Half-Year Profit Targets”

TTC AgriS Accelerates, Completing Nearly 60% of Annual Profit Plan Set by SHM

On January 25, 2025, TTC AgriS announced its financial report for the second quarter of the 2024-2025 fiscal year. Accordingly, the company recorded positive business results with net revenue of over 7,538 billion VND, up 7.4% compared to the same period. Pre-tax profit reached nearly 264 billion VND, up 16% over the same period. Notably, after-tax profit reached nearly 231 billion VND, an impressive 30% growth compared to the same period last year. In the first six months of the fiscal year, total net revenue reached 14,360 billion VND, completing 55% of the plan, and pre-tax profit reached 530 billion VND, completing 59% of the plan set by the SHM.

Sales volume in the second quarter reached nearly 360,000 tons of sugar, up 4.37% from the previous quarter and 11.25% from the same period last year. Especially, the domestic channel grew by 37.43%, thanks to the contribution of the industrial channel (B2B) (up 8.7%) and the commercial channel (trader) (impressive growth of 87.91%). Cumulatively for the first six months, total sales volume reached 690,000 tons, up more than 8% over the same period last year, and is expected to reach the 1-million-ton milestone in the early months of 2025. Thus, in the first six months of the 2024-2025 fiscal year, TTC AgriS has completed nearly 60% of its annual profit plan, closely following the plan set by the SHM.

In terms of total assets, as of December 31, 2024, TTC AgriS reached a scale of 34,000 billion VND. The current payment ratio reached 1.17, continuing to demonstrate the company’s strong financial potential and safe financial structure.

TTC AgriS currently owns a diverse portfolio of nearly 200 products with natural nutritional origins

SHM Successfully Held, Legal Governance Framework Improved, Accelerating the Implementation of Tasks in the New Development Phase 2025-2030

On January 23, an extraordinary SHM for the 2024-2025 fiscal year was successfully held in Tay Ninh, passing important contents with a high consensus of over 99.99%. Notably, the meeting approved the amendment of the Company’s Charter, Internal Regulations on Corporate Governance, and the Organization and Operation of the BOD, aiming to establish a more comprehensive legal framework for governance, closely following the new business model and matters related to the issuance of convertible bonds.

At the SHM, the Chairperson of the BOD, Ms. Dang Huynh Uc My, updated the shareholders 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 excellently accomplishing the financial targets set by the SHM. Moreover, non-financial targets related to Environmental, Social, and Governance (ESG) issues will also be a breakthrough for TTC AgriS in this fiscal year, demonstrating the stature of a leading multinational agricultural enterprise in the green and sustainable trend.”

Ms. Dang Huynh Uc My, Chairperson of the BOD of TTC AgriS, updates the company’s performance and strategy for 2025-2030 at the SHM

Thus, in the first half of the 2024-2025 fiscal year, with a new operating model based on the Circular Commercial Value Chain, TTC AgriS has recorded positive business results amid volatile global trade conditions, affirming the correct strategy and development orientation set by the BOD and SHM. With an improved corporate governance legal framework after the SHM, the company will accelerate the expansion of its business operations, especially in the Food-Beverage-Dairy-Confectionery (FBMC) sector during this pivotal fiscal year, laying a solid foundation for the implementation of the 2025-2030 strategy.