First Quarter of FY 2024-2025: TTC AgriS Reports Positive Financial Results, with a Threefold Increase in Revenue.

TTC AgriS maintained stable growth in the first quarter of the 2024-2025 fiscal year, despite challenges posed by currency fluctuations and declining sugar prices. This success can be attributed to their strategic focus on core operations and effective cost management. During this period, the company achieved impressive results, with consolidated revenue reaching approximately VND 6,822 billion, a 7% increase compared to the same period last year, and fulfilling 26% of the annual plan. Notably, their profit before tax amounted to VND 265 billion, representing a 5% year-over-year increase and completing 29% of the annual plan. The company’s gross profit margin also improved, surpassing the previous year’s figure of 10.9% to reach 12.3%.

One of the standout performances was in the area of sales volume, which exceeded 344,300 tons of sugar, reflecting a 10% increase compared to the corresponding period. Both the export channel and the domestic MNC channel witnessed robust growth, with increases of 11% and 32%, respectively.

The FBMC segment shone brightly in this quarter’s financial picture, with revenue growing impressively to reach VND 108 billion, tripling the figure from the previous fiscal year. This remarkable achievement is a result of the company’s continuous launch of new nutritional beverage products, such as C-Cane Crush and bottled XIM coconut water. TTC AgriS has set an ambitious target for this segment, aiming for FBMC revenue to contribute 40% of the total revenue by 2030.

On August 8, 2024, Chairwoman Đặng Huỳnh Ức My introduced C-CANE CRUSH, a natural sugarcane-based energy drink, marking TTC AgriS’s accelerated journey in producing and supplying F&B products derived from natural sources.

As of September 30, 2024, TTC AgriS’s scale and financial prowess were evident, with total assets surpassing VND 34,369 billion, reinforcing the company’s strong financial position.

TTC AgriS Intensifies R&D for New Product Lines, Pursues M&A Opportunities in the Same Industry, Focuses on Core Activities, and Accelerates Entry into the Global FBMC (Food Beverage – Milk – Confectionery) Market

Leveraging its competitive advantage of owning a nearly 72,000-hectare transboundary raw material area across four countries: Vietnam, Laos, Cambodia, and Australia, TTC AgriS has been relentlessly driving its R&D efforts to optimize its crop value chain and diversify its product portfolio from crops like sugarcane, coconut, banana, and rice. As of June 30, 2024, TTC AgriS boasts a diverse catalog of nearly 200 products, marking a 9% increase compared to the previous year. Notably, over 30 of these products are natural nutritional beverages, and for the first time, 11 new product lines are derived from rice. In the previous year, the company successfully introduced TTC AgriS-branded products to consumers in 69 countries and territories, witnessing a 38% growth in export markets.

TTC AgriS boasts a diverse product portfolio with nearly 200 natural nutritional products, laying the foundation to achieve the revenue target of VND 60,000 billion by 2030.

TTC AgriS is also actively pursuing M&A opportunities with companies in the same industry that possess production capabilities and access to international markets to expedite their entry into the global FBMC market. In September 2024, TTC AgriS announced a completed investment of AUD 1.5 million in East Forged, an Australian company that produces cold brew nitro tea, through its subsidiary, Global Mind Australia (GMAA). In October 2024, the company communicated its intention to invest up to approximately 40% of the charter capital of Betrimex, a leading Vietnamese company in the production, distribution, and trade of coconut products. This investment in East Forged and the upcoming investment in Betrimex will strengthen TTC AgriS’s capabilities in anticipating market trends, understanding consumer needs, and completing the company’s ecosystem of products and services as part of its expansion strategy into the FBMC sector.

In line with its strategic direction, TTC AgriS will not only focus on M&A activities but also actively divest and restructure its investment portfolio to concentrate on its core agricultural business. This approach will maximize value for shareholders and related parties.

Mr. Justin McGowan, Queensland’s Trade and Investment Commissioner (bottom row, left), Ms. Đặng Huỳnh Ức My, Chairwoman of TTC AgriS (bottom row, right), Ms. Đoàn Vũ Uyên Duyên, CEO of GMAA (top row, left), and Ms. Kym Cooper, Founder of East Forged (top row, right), during the signing ceremony held at the Queensland Trade and Investment Office, Australia.

TTC AgriS Shareholders’ Meeting: Chairwoman Đặng Huỳnh Ức My Emphasizes Financial Restructuring and Focus on Core Activities

On October 24, TTC AgriS successfully held its Annual General Meeting of Shareholders for the 2023-2024 fiscal year. Chairwoman of the Board of Directors, Ms. Đặng Huỳnh Ức My, shared the company’s business strategy, stating, “We have successfully integrated a Circular Trade Value Chain and Smart Agricultural Economic Model, aiming for a revenue target of VND 60,000 billion by 2030 and Net Zero by 2035. Moving forward, TTC AgriS will focus on investing in expanding our raw material areas and building additional food, beverage, and confectionery manufacturing facilities to closely align with our goal of 100% participation in the global FBMC value chain. Additionally, we will actively divest and restructure our investment portfolio to concentrate on our core agricultural business, maximizing value for our shareholders and related parties.”

Ms. Đặng Huỳnh Ức My addresses the shareholders at the Annual General Meeting for the 2023-2024 fiscal year.

With these solid advancements, TTC AgriS cements its position as a pioneering and leading enterprise in the agricultural industry. In the next growth phase, the company pledges to enhance sustainable value for all stakeholders involved in its responsible value chain.