Commodity trade

Facing the challenges in international agricultural trade, TTC AgriS’s executive board has taken significant actions and made crucial strides, proactively breaking through in the transformation process and reaping achievements in many aspects. Sugar sales volume exceeded 1 million tons for the fifth consecutive year, helping TTC AgriS maintain its leading position in the national agricultural sector with a 46% domestic market share. Consolidated net revenue reached VND 29,021 billion, increasing 17% YoY and achieving 141% of the target. Profit before tax reached VND 908 billion, up 26% YoY and achieving 107% of the plan. Profit after tax reached VND 806 billion, up 33% YoY, maintaining sustainable growth amid fluctuations in the global and Vietnamese economies. In the context of the global economy facing political upheavals and trade tensions, the Company has been developing effective sales policies, expanding market share, focusing on enhancing production activities, and increasing the efficiency of core business operations, aiming for long-term and stable development.

In this FY, sugar continued to play a major role in the revenue structure, recording VND 26,571 billion, a 16% increase YoY, accounting for nearly 91.5% of net revenue. However, the Company continued to see a shift in revenue structure towards other products. Specifically, revenue from molasses, fertilizer, and electricity contributed VND 798 billion, VND 291 billion, and VND 268 billion respectively, equivalent to 2.8%, 1.0%, and 0.9% of the Company’s total revenue. Notably, revenue from molasses grew by over 120% YoY, thanks to the expansion into new export markets with highquality molasses products. Other agricultural products (such as coconut, banana, and rice) and natural nutritional beverage lines such as coconut water, sugarcane juice, and purified sugarcane drinks, and etc. also recorded a 10% growth to over VND 1,000 billion, accounting for 3.8% of the revenue structure.

Sugar sales volume exceeded 1 million tons for the fifth consecutive year, in which:

• B2C and Trade channels grew strongly by 22% and 18% YoY, respectively, further leveraging the advantages of the market leader.
• The SME channel achieved impressive growth of 6%, as a result of continuous introduction of new products such as liquid sugar to diversify the product portfolio offered to customers.

TTC AgriS is currently the company owning the largest and most diverse range of sugar products in Vietnam, with over 88 products including: 27 RE Sugar products, 19 RS Sugar products, 13 Rock Sugar products, 6 Organic Sugar products, 6 Functional sugar products, 10 Liquid Sugar products, 5 Gold Sugar products, and 2 Mix Sugar products. As a result, TTC AgriS can serve the diverse and specialized needs of all customer groups to the fullest extent. Simultaneously, keeping focused on participating in the F&B market, TTC AgriS has intensified R&D activities to diversify its product portfolio with 24 Sugar By-products, 8 Sugarcane beverages and purified water products, including the newly introduced C-Cane Crush energy drink, which has been a fresh addition in the energy drink market. Not stopping at sugarcane, TTC AgriS continues to aim at providing other organic-standard agricultural products to customers with 46 coconut products, 21 banana products, and notably the first appearance of 11 Rice products.