Food Empire revenue up 16.3% in Q1

Southeast Asia overtakes Russia as top market.

Food Empire’s revenue rose 16.3% year-on-year to $177.8m (US$136.6m) in the first quarter of 2025, driven by strong growth in Southeast Asia and South Asia.

Southeast Asia became the group’s largest market for the first time, with revenue jumping 33.8% to $52m (US$40m). Vietnam led the growth, with sales up 44.6% on the back of stronger marketing, sales force expansion, and consumer engagement.

South Asia revenue rose 31.7% to $25m (US$19.1m), supported by strong demand for both freeze-dried and spray-dried soluble coffee, with production running at full capacity.

The group said all major segments recorded growth, helped by a flexible pricing strategy to manage inflation, rising costs, and higher coffee bean prices.

The company did not disclose its net income for the quarter.

Food Empire expects to sustain strong revenue growth, backed by brand-building efforts and expansion in Asia’s high-growth markets.

It remains cautious of risks such as high coffee prices, geopolitical tensions, and potential tariff-driven cost increases.

The group does not expect major impact from US tariffs but is monitoring developments and will adjust strategies as needed.