Its Animal Nutrition segment, however, grew sharply to US$22 million from US$6 million a year ago.
Haid Group projects its net profit attributable to shareholders will rise to between US$348.6 million and US$390.5 million in the first half of 2025, marking a year-on-year increase of 17.6% to 31.8%.
The move allows the company to reorganise under legal protection as it battles to secure emergency funding and stave off collapse.
CPC’s growth has been underpinned by its vertically integrated operations that span the entire poultry production cycle, from breeder farms and hatcheries to broiler growing and processing facilities.
In the Netherlands, ForFarmers gained market share despite a contracting feed market, thanks to strong product performance and new customer acquisitions.
Much of the growth came from recent product launches that are gaining traction in key markets.
As part of its broader portfolio evolution, the company confirmed the ongoing exit from the Animal Nutrition & Health segment is “advancing as planned.”
Hill’s continued product innovation, including the updates on its Science Diet and Prescription Diet offerings with ActiveBiome+ technology, played a key role in its success.
Fourth Milling Company is one of Saudi Arabia’s largest and most innovative players in the milling and animal feed sectors.
Ceva’s management team has increased its shareholding and retained the majority of voting rights, ensuring the company remains independent.