GREENFEED strengthens financial position on strong performance

GREENFEED reported a strong financial position during the first half of 2026, bolstered by robust profit growth and an increase in shareholders' equity. The company's equity reached $379.34 million, a 37% increase from $277.6 million in the previous year. While average live hog prices fell by approximately 4% on-year, driven by weaker consumer demand and supply-side pressures, GREENFEED maintained solid business performance.

The company's total liabilities amounted to $280.53 million, up 17.8% from $238.23 million in June 2025, but the improvement in shareholders' equity outpaced the rise in liabilities, leading to a decline in the liabilities-to-equity ratio. GREENFEED's financial leverage ratios improved as well, with the liabilities-to-total-assets ratio decreasing from 0.46 times to 0.43 times, and the liabilities-to-equity ratio falling from 0.86 times to 0.74 times.

The company's total assets stood at approximately $659.87 million, up nearly 28% on-year. GREENFEED's strong liquidity indicators, including an increased current ratio and quick ratio, and strong interest coverage, further demonstrate its financial health. The company also reduced its outstanding bonds, repurchasing $11.50 million before maturity, bringing the outstanding amount to $15.34 million, which accounted for only 4% of shareholders' equity.

GREENFEED's integrated 3F Plus food value chain, spanning factories, farms, and processing units across Vietnam and Southeast Asia, enables the company to adapt to fluctuating live hog prices. Despite an unfavorable period in the first half of the year, Vietcap forecasts live hog prices to remain above $2.31 per kilogram in the second half of 2026.

GREENFEED's commitment to sustainability has also been recognized, securing a top 10 spot among Vietnam's best workplaces and other sustainability awards.