Vitarich Posts Record Net Income of P241.6M in Q1 2025

​Vitarich Corporation a leading poultry integrator and manufacturer of animal feeds and food products in the Philippines, reported a strong start to the year with revenues of P3.196 billion, net income of P241.6 million, and earnings per share of P0.079 for the first quarter ended March 31, 2025.

​“VITA delivered record net income and margin performance, outperforming our expectations,” said Rocco Sarmiento, Chief Executive Officer. “This performance boosts our outlook and reinforces our confidence in navigating an evolving macroeconomic environment. As we move through the year, short-term disruptions such as the shortage of day-old chicks may continue but we remain focused on pursuing a range of opportunities that we believe will further strengthen our business and fuel sustained growth in the years ahead. Based on current visibility, we have scheduled additional breeder orders for the second and third quarters to manage supply disruptions. We also expect to increase capital expenditure over the course of the year related to our investments in poultry houses, in line with our strategic priorities.”
 
Revenues grew 8.8% year-over-year to P3.196 billion, primarily driven by higher nationwide pricing of chicken products and the addition of a new revenue stream from day-old pullets. This growth was partially offset by lower volumes sold and reduced pricing for feeds due to the limited supply of day-old chicks in the market.
 
Gross profit rose to P607.5 million, about 2.5 times higher than the P246.0 million in the prior year. This improvement led to a gross profit margin of 19.0%, up from 8.4%, supported by higher pricing and a 3.8% decrease in the cost of goods sold as a result of lower volumes and raw material costs, which declined 14%.
 
Operating profit surged to P349.8 million, an increase of 14.5 times from the P24.1 million in the prior year. Operating expenses inched up to 8.1% of revenues from 7.6%, mainly reflecting higher freight and handling costs, merchandiser salaries, and training and marketing expenses. Operating margin improved to 10.9% from 0.8% on strong gross margins, effective cost management, and operational efficiencies at the farm and plant levels.
 
Net income reached P241.6 million with earnings per share of P0.079, rising 389 times over the prior year and marking a record quarter that exceeded the company’s internal forecasts.
 
Segment highlights
 
• In Foods, revenues accelerated 26.9% to P2.222 billion, reflecting higher prices amid the ongoing supply challenges for day-old chicks that impacted volumes. Foods comprised 62.8% of revenues from 59.6% in the prior year.
• In Feeds, revenues were down 4.7% to P1.017 billion, with lower pricing and flat comparable sales volumes. Feeds accounted for 28.7% of revenues from 36.3%.
• In Farms, revenues more than doubled to P301.7 million, benefiting from the introduction of day-old pullets from NOVOgen, a French leader in layer genetics, as well as a higher net gain on the fair value of biological assets, in line with improve
 
Vitarich Corporation (PSE: VITA) is a leading poultry integrator and manufacturer of animal feeds and food products in the Philippines. Certified to international standards for sanitation, food safety, and quality, VITA operates in three primary industry segments: feeds, foods, and farms—forging livelihood and nourishing lives.