i-Tail Corporation Public Company Limited (ITC), a global leader in the pet food industry and a key player in the global Wet Pet Food market, has reported strong third-quarter 2025 results with sales of THB 4.7 billion, up 6.4% year-on-year and 5.5% quarter-on-quarter, driven by robust growth in the U.S. and European markets. Sales in U.S. dollar terms rose 14.2% year-on-year to USD 144 million, reinforcing the company’s sustained growth momentum and customer trust. Adjusted gross profit stood at THB 1.2 billion, increasing 6.4% quarter-on-quarter, while adjusted net profit reached THB 927 million, up 15.4% from the previous quarter.
Roy Chan, CEO of i-Tail Corporation PCL, affirmed the company’s performance, stating, “We continue to demonstrate resilience and deliver strong performance amid a challenging global economic environment. Growth in the third quarter was driven by rising demand in the U.S., our largest market, along with an increased contribution from premium products, which accounted for 55.1% of our sales. These results show the strength of our diversified product portfolio, operational efficiency, and trusted partnerships.”
Nine-Month Performance and Strategic Focus
For the first nine months of 2025 (9M 2025), ITC’s growth trajectory remained strong:
- 9M Sales: Totaled THB 13.443 billion, up 3.2% YoY, with USD sales growing by 10.1%.
- Market Concentration: The Americas remains the primary growth engine, accounting for 57% of total sales, followed by Asia and Oceania (29%) and Europe (14%). U.S. sales alone increased by 19.2% YoY to THB 7.7 billion.
- Pet Treats Drive Growth: The Pet Treats segment was a key growth driver, recording a substantial 33.6% YoY growth in the first nine months. This segment represented 17.5% of total sales in Q3 2025, aligning with consumer trends like functional and wellness-oriented treats and the Humanization of Pet Food.
- Innovation & IP: ITC continues to invest in proprietary food technologies, including innovations in Meat Analogs, and is actively securing patents to enhance its intellectual property and maintain product differentiation in the global market.
Chan expressed confidence in the outlook, citing “ITC’s consistent execution, strong global brand partnerships, and focus on premiumization. With our solid foundation and commitment to innovation that advances pet health and wellness, we are well-positioned to capture opportunities in the evolving global pet food industry.”
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