Food Empire returns to the black in H1 with US$35.4 million net profit
Its turnaround is due to broad-based revenue growth of 15% to US$315.1 million
Food Empire reported a net profit of US$35.4 million for the first half of 2026, marking its return to profitability after a loss in the same period last year. Revenue grew by 15% to US$315.1 million, thanks to broad-based growth in all six geographical segments. The Russia market segment saw the largest increase, up 24.6% to US$103.2 million, while Central Asia grew by 33.6% to US$60.5 million.
South-east Asia revenue increased by 2.4% to US$79.3 million, with Vietnam as the largest market. Europe revenue expanded by 5.5% to US$25 million. The company declared an interim dividend of S$0.04 per share, up from S$0.03 previously. With robust consumer demand and pipeline projects, Food Empire expects a strong full-year performance, despite potential indirect cost impacts from global conflicts.
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