MANUFACTURING conglomerate FMF Foods Limited (FMF Group) has assured shareholders of its steadfast commitment to its long-term growth strategy for the coming year.
While the 2025 financial year reaffirmed the group’s sound cash position and healthy balance sheet, and strong asset backing, FMF Group board chairperson Jenny Seeto said it was that financial stability that had allowed them to continue rewarding shareholders, “while investing strategically in the business for future growth”.
Ms Seeto said despite operating in a highly competitive environment, marked by increased input and freight cost, rates pressure and global supply chain disruptions, the company continued to grow both in scale and strength.
She said their success this year was a testament to the group’s disciplined management, strong brands and the continued trust and loyalty of their customers.
“It is important to acknowledge that this performance was not achieved without challenges,” Ms Seeto said while addressing shareholders yesterday at the group’s annual general meeting held at the group’s headquarters in Walu Bay, Suva.
“This year, as I mentioned earlier, saw rising global commodity prices, unpredictable freight schedules, and high labour costs following the national wage adjustment.
“Yet, through careful planning and operational agility, FMF navigated these challenges effectively, emerging stronger and more resilient.
“Looking ahead, FMF remains committed to its long term growth strategy, centred on operational excellence, innovation, regional expansion and sustainability.”
Ms Seeto said the group would continue to explore new product lines, enhancing manufacturing efficiency and strengthen local sourcing.
“Our focus on continued improvement, sustainability and people development will remain key to delivering consistent returns to our shareholders and stakeholders in the years ahead,” she said.
“Further, our priorities are clear in the coming year on advancing new growth initiatives, including in the EV sector, and we will do that in a controlled and value accretive manner.”
The FMF Group recorded a revenue of $348million in the financial year ended June 30 this year, an increase from $334.8m in the prior year – the growth driven by stable demand in its key products category.
It recorded a net profit after tax of around $16m, total assets rose to $269.2m, and shareholders’ equity increased to $168.9m.
