Expansion into livestock, poultry, and processing strengthens BAF’s control across the protein value chain, supporting long-term growth.
Vietnam-listed livestock company BAF Vietnam has approved the creation of four wholly owned subsidiaries in Hanoi, committing USD 31.2 million in charter capital.
The new companies are designed to strengthen BAF’s integrated operations and broaden its reach in livestock and food processing. They include:
BAF has authorized Deputy CEO Truong Anh Tuan to oversee their establishment and serve as Chairman, General Director. He will also be BAF’s representative managing the company’s ownership interests in the four subsidiaries.
In a separate development, BAF has scheduled June 22, 2026, as the record date for stock dividends and bonus shares.
The company will issue more than 30.4 million shares as a dividend at a 10:1 ratio, valued at USD 11.7 million. Funding will come from retained earnings in its audited 2025 standalone financial statements.
An second issuance of 30.4 million bonus shares will follow at the same ratio, also worth USD 11.7 million, funded from share premium reserves. Both issuances are planned for Q2 and Q3 2026.
Currently, BAF’s charter capital is approximately USD 117 million, represented by more than 304 million shares. Upon completion of both share issuances, charter capital is expected to rise to USD 140 million.
BAF’s Q1 2026 consolidated results reflect strong growth across its operations.
Net revenue reached USD 67.8 million, up 56.8% year-on-year. Net profit after tax rose 54.5% to USD 7.9 million. Pig sales primarily drove growth, which increased 50% to nearly 240,000 head, supported by stable live hog prices of USD 2.38/kg.
As of March 31, 2026, total assets stood around USD 468.2 million, up 12.9% from the beginning of the year. Total liabilities reached USD 303.9 million, up 17.7% and accounting for 64.9% total capital.
The simultaneous expansion into livestock farming, poultry production, and meat processing highlights BAF’s ‘farm-to-food’ strategy, reinforcing its control across the protein value chain and supporting long-term growth.
Subscribe now to the technical pig magazine
AUTHORS
Bifet Gracia Farm & Nedap – Automated feeding in swine nurseries
The importance of Water on pig farms
Fernando Laguna Arán
Microbiota & Intestinal Barrier Integrity – Keys to Piglet Health
Alberto Morillo Alujas
Impact of Reducing Antibiotic use, the Dutch experience
Ron Bergevoet
The keys to successful Lactation in hyperprolific sows
Mercedes Sebastián Lafuente
Addressing the challenge of Management in Transition
Víctor Fernández Segundo
Dealing with the rise of Swine Dysentery
Roberto M. C. Guedes
Actinobacillus pleuropneumoniae – What are we dealing with?
Marcelo Gottschalk
The new era of Animal Welfare in Pig Production – Are we ready?
Antonio Velarde
Gut health in piglets – What can we do to measure and improve it?
Alberto Morillo Alujas
Interview with Cristina Massot – Animal Health in Europe after April 2021
Cristina Massot
Differential diagnosis of respiratory processes in pigs
Desirée Martín Jurado Gema Chacón Pérez
