{
  "id": 19654086,
  "title": "Food Empire 9M revenue rises 11.7% to record US$476.5 million on Russia, Central Asia growth",
  "url": "https://urgent.news/2026/11/12/food-empire-9m-revenue-rises-11-7-to-record-us-476-5-million-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T12:58:27.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/food-empire-9m-revenue-rises-11-7-record-us476-5-million-russia-central-asia-growth"
  },
  "original_language": "en",
  "account": "Food Empire experienced an 11.7% increase in revenue, reaching an all-time high of US$476.5 million for the nine months ending September 30, up from US$426.7 million in the previous period. The primary contributors were its key segments in Russia and Central Asia, both of which had double-digit growth. The other regional segments also reported higher revenue. In the third quarter ending September 30, the company's revenue grew 5.8% to US$161.4 million, up from US$152.6 million a year earlier. This growth was largely due to the expanding core segments and partially offset by a 5.2% decline in Europe. The company acknowledged that growth had slowed from the first half of the year, due to geopolitical uncertainty, logistical challenges, and currency fluctuations. The group emphasized that it had adjusted its priorities to strike a balance between sales growth and profitability. Russia, the group's largest market, saw a 16% increase in revenue to US$155.5 million for the nine months, mainly due to its leading position in instant coffee-mix products and ongoing brand investments. Central Asia, its fastest-growing segment, reported a 25.4% increase in revenue to US$94.8 million, driven by higher sales volumes in Uzbekistan, Turkmenistan, and Georgia, as well as a stronger Kazakhstani tenge against the US dollar in Kazakhstan. Growth in Q3 was described as \"more measured\" as tensions in the Middle East affected logistics and supply chains. The company noted that Central Asia's revenue for the quarter was US$34.3 million, up 12.8% year-on-year. South-east Asia's revenue rose 2.9% to US$117.8 million, reflecting a focus on margins in Vietnam and improved utilization of its non-dairy creamer plant in Malaysia. South Asia's revenue grew 6.6% to US$58.1 million as the company's soluble coffee plants operated at full capacity. Europe's revenue increased by 1.7% to US$35.9 million. The company is on track for its sixth consecutive year of record revenue despite geopolitical uncertainty, logistical disruptions, and rising operating costs. In Vietnam, Food Empire is focusing on profitability following two years of heavy investment in its CafePHO brand, and expects South-east Asia revenue growth to be more moderate in the near term. A new coffee-mix facility in Khorgos, Kazakhstan, began production in the first half of 2026, which is expected to alleviate logistical challenges and cost pressures. Additionally, the group is expanding capacity with a spray-dried soluble coffee facility in India, set for completion by the end of 2027, and a new freeze-dried soluble coffee facility in Vietnam, expected to be operational by 2028. Food Empire's CEO, Sudeep Nair, stated that the company will continue to balance growth with margins in an extremely volatile environment.",
  "summary": "Double-digit growth in those areas lifts sales, but Q3 momentum cools on regional tensions",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}