Manufacturing giant FMF Foods Limited (FMF Group) has reiterated its strong commitment to a long-term growth strategy as it looks towards the upcoming financial year. At the company’s annual general meeting held in Walu Bay, Suva, board chairperson Jenny Seeto affirmed that FMF Group’s solid cash position, healthy balance sheet, and strong asset backing have enabled the company to reward shareholders while simultaneously investing strategically for future growth.
Seeto acknowledged the fiercely competitive environment, characterized by rising input costs, increased freight rates, and global supply chain disruptions, yet emphasized that FMF Group has continued to grow both in scale and strength. “Our performance this year demonstrates our disciplined management, strong brands, and the continued trust and loyalty of our customers,” she stated.
Despite facing challenges such as escalating global commodity prices and unpredictable freight schedules, FMF Foods has navigated these hurdles with careful planning and operational agility, emerging more resilient than before. Looking to the future, Seeto assured shareholders that FMF remains focused on operational excellence, innovation, regional expansion, and sustainability as key components of their growth strategy.
The group plans to explore new product lines, improve manufacturing efficiency, and strengthen local sourcing efforts. Seeto highlighted FMF’s commitment to advancing new growth initiatives, particularly in the electric vehicle (EV) sector, emphasizing a controlled and value-accretive approach. This follows the recent announcement of FMF’s strategic expansion into the EV market, marked by a memorandum of understanding with a tier-one EV manufacturer aimed at capturing early market demand for electric vehicles in Fiji.
In the financial year ending June 30, 2025, FMF Group recorded impressive revenues of $348 million, a rise from $334.8 million the previous year, driven largely by stable demand for its key product categories. The company also reported a net profit after tax of around $6 million, along with total assets rising to $269.2 million and shareholders’ equity increasing to $168.9 million.
This optimistic outlook positions FMF Foods as a leader not only in the food production sector but also in the burgeoning market for sustainable transportation solutions, shaping a promising future for both the company and Fiji’s economy. With continued emphasis on innovation and environmental stewardship, FMF is set to make significant strides toward sustainable growth and profitability in the years to come.