Sao Ta Food Joint Stock Company (code FMC) has just announced its production and business results for February 2025 with sales increasing by 85% compared to the same period last year, but decreasing by nearly 19% compared to the first month of this year.
Sao Ta (FMC) February revenue increased by 85%
Sao Ta Food Joint Stock Company (Fimex VN; HoSE: FMC) - a key member company of PAN Group, has just announced its production and business results for February 2025.
Accordingly, in February 2025, Sao Ta's finished shrimp production output reached 1,913 tons, an increase of 106% over the same period last year. The company's finished shrimp consumption output reached 1,806 tons, an increase of 84% over the same period last year.
In general, Sao Ta's February 2025 revenue reached approximately 21 million USD, an increase of 85% over the same period last year. However, compared to January's revenue of 25.9 million USD, the company's February revenue decreased by nearly 19%. Accumulated in the first 2 months of the year, Sao Ta's revenue reached 46.9 million USD.
Sao Ta said that they have completed harvesting shrimp in the new farming area and are currently harvesting shrimp in the old farming area. The harvested shrimp are in time to supplement FMC processing plants, creating peace of mind in planning to speed up processing and increase efficiency. The company has released off-season shrimp seeds on the entire farming area, a bold decision that no other farming farm has dared to do, due to concerns about risks.
In 2024, FMC recorded VND 6,913 billion in net revenue and VND 423 billion in profit after tax, a record increase of 36% and 40% respectively compared to 2023.
By 2025, Sao Ta aims for an export turnover of 300 million USD and a profit of 500 billion VND, affirming its position in the Vietnamese seafood industry.
Mr. Ho Quoc Luc - Chairman of Sao Ta Food Board of Directors
Challenges for the shrimp industry still exist...
Sao Ta commented: 2025 will continue to be a difficult period with issues such as IUU yellow card, climate change, environmental pollution, and market barriers. Improving product quality, improving business reputation, and expanding markets will play a key role for Sao Ta and Vietnamese seafood to maintain growth momentum.
In addition to focusing on key markets such as the US, EU, and Japan, Sao Ta will boost exports to Halal and Middle Eastern markets. To enhance competitiveness, the company will promote production chain linkages, apply modern technology, and ensure product traceability. At the same time, developing value-added products will also help increase market share and affirm the position of Vietnamese seafood enterprises and Sao Ta in the international market.
Mr. Ho Quoc Luc - Chairman of the Board of Directors of Sao Ta Food, acknowledged that the challenges of the shrimp industry still exist. Specifically, shrimp breeds need to improve their disease resistance, while pangasius needs to increase the rate of commercial recovery. In addition, fluctuations in commercial shrimp prices create great pressure on businesses in the industry.
In the Chinese market, exports of popular products such as whiteleg shrimp and tiger shrimp to China next month may slow down because they have to compete with domestic seafood products when their market share in the US is affected.
In the US market, shrimp still faces risks related to decisions on anti-subsidy and anti-dumping duties. Furthermore, it is still unpredictable about President Trump's new tariff policies towards other countries.
According to VDSC Dragon Securities Corporation, Sao Ta is one of the leading enterprises in the field of shrimp export. VDSC commented that although the main market of Sao Ta food, Japan (accounting for 34% of total export value) is showing signs of slowing down, the growth in the US and UK markets (accounting for 40% of Sao Ta's total revenue) will help improve the total export output of the enterprise this year.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's shrimp exports in 2025 are targeted to reach an export turnover of 4-4.3 billion USD.
VASEP believes that exports of this product will grow thanks to adjustments in production strategies and expansion to potential export markets such as Australia, the Middle East, the UK, South Korea, etc.
In January 2025, shrimp continued to be the strongest growing commodity with an export value of 273.349 million USD, accounting for 35.3% of total seafood export turnover.
Source: https://danviet.vn/xuat-khau-tom-tang-truong-manh-me-doanh-thu-cua-mot-tap-doan-lon-trong-nganh-che-bien-tom-tang-toi-85-2025030421422102.htm
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