FMF Foods Limited (FMF Group), a leading manufacturing entity, has reaffirmed its dedication to a long-term growth strategy as it prepares for the upcoming financial year. During the company’s annual general meeting in Walu Bay, Suva, board chairperson Jenny Seeto highlighted FMF Group’s robust cash position, strong balance sheet, and substantial asset backing, which have allowed the company to reward its shareholders while investing strategically for future growth.
Seeto recognized the competitive landscape, marked by rising input costs, increased freight rates, and global supply chain disruptions. However, she noted that FMF Group has continued to expand in both scale and strength. “Our performance this year demonstrates our disciplined management, strong brands, and the continued trust and loyalty of our customers,” she stated.
Amid challenges, such as rising global commodity prices and volatile freight schedules, FMF Foods has adeptly navigated through these issues with strategic planning and operational flexibility, emerging even more resilient. Seeto reassured shareholders that FMF remains committed to operational excellence, innovation, regional expansion, and sustainability as critical elements of their growth strategy.
The company is set to explore new product lines, enhance manufacturing efficiency, and bolster local sourcing initiatives. Moreover, Seeto emphasized FMF’s determination to pursue new growth opportunities, particularly within the electric vehicle (EV) sector. This commitment follows a recent memorandum of understanding with a leading EV manufacturer, aimed at capitalizing on the market demand for electric vehicles in Fiji.
For the financial year ending June 30, 2025, FMF Group posted noteworthy revenues of $348 million, up from $334.8 million the previous year, primarily due to steady demand for its key product offerings. The company also reported a net profit after tax of approximately $6 million, with total assets climbing to $269.2 million and shareholders’ equity increasing to $168.9 million.
This positive outlook positions FMF Foods as a frontrunner not just in the food production industry but also in the growing market for sustainable transportation solutions, paving the way for a bright future for the company and Fiji’s economy. With a persistent focus on innovation and environmental sustainability, FMF is poised for significant advancements in sustainable growth and profitability in the coming years.