# Earnings call transcript: GFPT posts higher Q3 2026 profit but margin pressure remains

> Thai chicken producer GFPT reported Q3 2026 net profit up 7.6% year on year to THB 770 million, with revenue up 1.8% to THB 4.83 billion. Gross margin narrowed to 17.8% from 20.3% as corn and soybean meal costs rose, and export volumes fell 6.3%.

- Date: 2026-11-12 · published 2026-11-12T12:09:28.825Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/95387-earnings-call-transcript-gfpt-posts-higher-q3-2026-profit-but-margin-pressure
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rising corn and soybean meal costs are squeezing Thai poultry integrators, signalling tighter feed margins and possibly lower feed purchasing if output is cut. The effect on global feed prices is small given the company's size.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/transcripts/earnings-call-transcript-gfpt-posts-higher-q3-2026-profit-but-margin-pressure-remains-93CH-5020560

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.