Hoa Phat Agriculture Development JSC (HPA) has announced its Q1 2026 revenue reached VND1,813 billion and after-tax profit of VND345 billion. After just one quarter, the enterprise has completed 34.3 percent of its profit plan and 25.2 percent of its full-year revenue plan.

In 2025, although the livestock industry faced many difficulties such as continuous epidemics and natural disasters, Hoa Phat still maintained stable production and expanded investment: revenue reached VND8,326 billion, an increase of 18 percent compared to 2024; after-tax profit VND1,600 billion, up 55 percent and the highest profit level after 10 years of joining the livestock industry race.

Notably, the pig farming segment contributed 41 percent of revenue and 67 percent of after-tax profit. The Return on Equity (ROE) for this segment alone reached 83 percent, a very high level within Hoa Phat's system.

“Pig farming is a money-printing machine for Hoa Phat. That assessment is completely correct,” Pham Thi Hong Van, General Director of HPA, affirmed at the 2026 Annual General Meeting of Shareholders.

She revealed that HPA's pig production cost is currently VND45,000/kg, while in 2025 it was only VND42,000/kg. Currently, the live hog price on the market is VND66,000/kg, meaning a profit of VND21,000 per kilogram of live hog sold.

Dabaco Group Vietnam also recorded breakthrough results with Q1 2026 revenue reaching VND5,600 billion, and estimated after-tax profit of VND370 billion.

In 2025, Dabaco achieved revenue of VND14,897 billion, an increase of only 9.8 percent compared to 2024. However, after-tax profit surged to VND1,506 billion, an increase of 95.8 percent compared to the VND769 billion figure in 2024.

Referring to pig farming costs, Chair of the Board of Directors of Dabaco, Nguyen Nhu So, stated that Dabaco's cost of pig farming is about VND47,000–48,000/kg, while the selling price currently fluctuates from VND63,000–65,000)kg of live weight.

“A minimum profit of 10 percent is really satisfactory in livestock industry,” he emphasized.

BAF Vietnam Agriculture JSC also recently announced that Q1 2026 revenue is estimated at VND1,700 billion and pre-tax profit reached about VND210 billion, up 51 percent and 49 percent respectively compared to the same period last year.

This result came from a sales volume of nearly 240,000 pigs in the context of average live hog prices recovering to VND62,000/kg. The enterprise assessed that Q1 results exceeded the set progress, creating favorable momentum for subsequent quarters as the market supply remains in a state of local shortage.

Last year, BAF sold 782,000 pigs to the market, with revenue reaching VND5,045 billion. Compared to the same period prior to that, these indicators recorded an increase of 140 percent in volume and 155 percent in value. Nonetheless, at the end of 2025, BAF only reported an after-tax profit of VND100 billion.

Billion-dollar ambitions

With a plan to sell more than 1.24 million slaughter pigs in 2026, up 60 percent from the previous year, BAF sets a net revenue target expected to reach over VND8,400 billion, an increase of about 70 percent, while after-tax profit is expected to reach VND793 billion, the highest ever and nearly 8 times the 2025 results.

At the same time, BAF plans to set up 16 new farms in the Central Highlands and Central region, raising the total sow herd to 145,000 (double that of 2025) and the total slaughter pig herd to over 1.14 million.

Notably, a high-tech pig farming project using the high-rise building model in Tay Ninh, in cooperation with Muyuan Group, is expected to start construction in Q2 2026. The project has a total investment capital of VND12,000 billion, with 64,000 sows and 1.6 million slaughter pigs per year. When operational, revenue is estimated at VND10,000 billion per year.

According to BAF Chair Truong Sy Ba, cooperating to raise pigs in high-rise farms aims to optimize costs, and production costs can be reduced by VND3,000–5,000/kg.

In addition to farming, BAF is also promoting the distribution segment with a plan to develop a retail chain following the 3F (Feed - Farm - Food) model, targeting 2,000 points of sale by the end of 2026 and 20,000 points by 2030.

Dabaco also set a plan for 2026 to increase the total sow herd to 80,000 and slaughter pigs to 2 million. The revenue target is VND29,311 billion, a record revenue plan in the group's operating history; while expected after-tax profit is VND1,117 billion. This group is investing in a series of large-scale livestock projects in Quang Tri, Thai Nguyen, Quang Ninh, Thanh Hoa, and Lao Cai with total capital reaching tens of trillions of dong.

Tam An