Mitihoon – Bangkok, Thailand – 12 November 2025 – Thai Wah Public Company Limited (TWPC) reported robust third-quarter results, with net profit reaching THB 18 million, a 124% year-on-year increase demonstrating the success of its strategic transformation toward premium markets and high-value products. The company’s gross profit margin expanded to 20%, reflecting disciplined execution and operational improvements across all business units.
For the first nine months of 2025, TWPC achieved net profit of THB 156 million, representing a THB 224 million improvement and more than 330% growth year-on-year. The performance reflects sustained turnaround momentum, particularly in the Food and High Value-Added (HVA) Tapioca segments, which are gaining strong traction in international markets.
Transformation Momentum Accelerates
“We are no longer just recovering, we are transforming,” said Mr. Ho Ren Hua, Chief Executive Officer. “Our vision to become a leading APAC food company is gaining real momentum, and these results prove our strategy is working. Our Ready-to-Eat category has become our highest-growth business, and we now hold the leading market share in non-wheat noodles, a category where we’ve built a distinctive competitive edge.”
“What excites us most is seeing this achievement happen while fundamentally reshaping the business model. The expansion of our high-value tapioca portfolio, our disciplined approach to operational excellence, and our focused penetration of premium export markets across Asia-Pacific are creating a virtuous cycle of profitable growth. This strategy is building the foundation for Thai Wah to lead in multiple categories across the region.”
Leading Innovation in Ready-to-Eat Foods
TWPC’s market leadership position was further strengthened in Q3 with the launch of three new instant rice noodle varieties under its “Double Dragon Ready” brand Tom Yum Bo Lan, Sab Haeng, and Fermented Fish Som Tum flavors. These innovations target consumers seeking authentic Thai taste with modern convenience and reinforce the company’s dominant position in the fast-growing non-wheat noodle segment. The new products are expected to contribute meaningfully to sales momentum through year-end and beyond.
Strategic Outlook
Under the Thai Wah 2030 strategic framework, TWPC is executing a clear transformation into a leading APAC food company, anchored by its strength in Ready-to-Eat foods and high-value tapioca products. The company remains focused on expanding its footprint across markets in Asia-Pacific, driving continuous innovation, and building sustainable competitive advantages that will strengthen profitability in 2025 and create long-term shareholder value.
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