July 17, 2025

Vietnam's Sao Ta Foods H1 revenue up 43% 

Sao Ta Foods Joint Stock Company (stock code: FMC - HoSE) has announced its business performance for the first six months of 2025, reporting robust growth in shrimp production and sales.

The company achieved a finished shrimp output of 14,260 tonnes, up 32% year-on-year, while finished shrimp sales reached 11,452 tonnes, marking a 37% increase compared to the same period last year.

In the agricultural products segment, the company recorded a production volume of 554 tonnes and a consumption volume of 481 tonnes, down 21% and 23%, respectively, compared to the same period in 2024.

As a result, Sao Ta Foods estimates first-half revenue at US$135.6 million, a 43% increase over the same period in 2024. The company's leadership stated that stable consumption contracts, coupled with strong shrimp farming productivity will contribute to lower production costs and increased processed output in the near future. The company is currently in the process of harvesting shrimp from its own farming zones.

As reported by Industry and Trade Magazine, Sao Ta Foods JSC  undertook an aggressive move before the end-2024, by stocking shrimp during the off-season, a period when few farmers are active. This bold strategy aimed to secure higher selling prices amid limited market supply, capitalise on lower feed costs, and reduce the risk of disease outbreaks commonly associated with the peak farming season.

Additionally, Sao Ta Foods is actively pursuing a market diversification strategy, focusing on high-potential markets such as Canada, Australia, and South Korea. Despite these being among the most demanding markets globally, Sao Ta's leadership is confident in meeting the strict standards thanks to its well-managed farming zones, consistent product quality, and alignment with consumer preferences.

Sharing further insights on business performance, the company reported an estimated consolidated profit of approximately ₫170 billion (US$6.50 million) for the first six months of 2025. In reality, profits could have been higher, as export shipments to the US required a provision of nearly 8% of sales due to audit requirements stemming from the impact of two anti-dumping (AD) and countervailing duty (CVD) lawsuits in this market.

-       Vietnam Trade and Industry Review