Hoa Phat pig farming posts 83% ROE, highest in the group

In 2025, Hoa Phat Livestock Development Joint Stock Company recorded a return on equity (ROE) of 83 per cent, the highest within Hoa Phat Group. This result was driven by stable production output amid market supply shortages and sharply rising hog prices.

Hoa Phat Livestock Development Joint Stock Company recorded a return on equity (ROE) of 83 per cent, the highest within Hoa Phat Group

An ROE of 83 per cent means that for every VND100 of shareholders’ equity, the company generated VND83 in after-tax profit. This was the highest ROE recorded across the group in 2025.

The strong ROE was achieved thanks to two main factors: steady output growth and improved gross profit margins as selling prices increased while overall market supply declined. The company’s return on sales (ROS) reached 31 per cent.

In 2025, Vietnam’s domestic pig herd declined due to disease outbreaks and natural disasters, pushing hog prices to high levels. While many farms struggled to maintain production, Hoa Phat’s farms continued operating steadily thanks to their closed production system and strict disease control.

Specifically, commercial hog output in 2025 exceeded 380,000 head, up 6 per cent compared to 2024. Output of 10-kilo breeding piglets reached nearly 280,000 head, up nearly 40 per cent year-on-year.

High-quality breeding stock remains the key factor supporting productivity. All grandparent breeding pigs are imported from DanBred International (Denmark), including three purebred lines: Landrace, Yorkshire, and Duroc. Reproductive productivity reached 32–34 weaned piglets per sow per year.

The breeding herd is raised in facilities certified free of African swine fever and PRRS (porcine reproductive and respiratory syndrome), fully vaccinated, and fed with feed produced by Hoa Phat. As a result, the pigs achieve high daily weight gain and low feed conversion ratios, helping reduce production costs.

Hoa Phat’s total pig output surpasses 660,000 head in 2025, breeding stock up 40 per cent year-on-year

Hoa Phat operates seven farm complexes in Lao Cai, Bac Ninh, Hung Yen, Phu Tho, and Dong Nai provinces, with a total breeding herd of approximately 25,000 head and a designed capacity of 750,000 commercial hogs per year. The farms are equipped with cooling and ventilation systems, automated feeding and watering systems, and closed waste treatment facilities.

The pig farming segment is operated by Hoa Phat Livestock Development JSC and is one of four core business segments of Hoa Phat Agricultural Development Joint Stock Company (HPA), alongside animal feed, cattle farming, and egg farming. In 2025, pig farming contributed 44% of HPA’s total revenue.

In 2025, HPA recorded revenue of VND8.3 trillion, up 18 per cent compared to 2024 and exceeding its annual plan by 4 per cent. After-tax profit reached VND1.6 trillion, up 55 per cent year-on-year and 22 per cent above target.

In January 2026, HPA completed its initial public offering of 30 million shares, raising VND1.25 trillion. The company’s charter capital increased from VND2.55 trillion to VND2.80 trillion. On February 6, 2026, 285 million HPA shares officially began trading on the Ho Chi Minh City Stock Exchange (HOSE) at a reference price of VND41,900 per share.

Under its plan through 2030, HPA aims to raise total animal feed capacity to 1 million tons per year, expand commercial hog output to 900,000 head annually, increase cattle production to 73,000 head per year, and maintain annual egg output at 336 million eggs. The company targets revenue exceeding VND12 trillion and after-tax profit of approximately VND1.75 trillion, while maintaining ROE above 25 per cent.