Thailand’s AAI Reports Higher Q3 Profit as Pet Food Margins Improve

Asian Alliance International (AAI), a Thai pet food manufacturer and OEM supplier, reported improved financial results for the third quarter of 2026, supported by higher pet food sales and recovering export orders.

The company recorded revenue of THB 1.84 billion, up 11.5% year on year, while net profit increased 22.9% to THB 218 million. Gross profit rose 41.9% to THB 325 million, and the gross profit margin improved to 17.7%, compared with 13.9% in the same period last year.

Pet food remained AAI's main business, generating THB 1.68 billion in quarterly revenue, an increase of 15%. Total pet food sales volume reached 10,237 tonnes, while OEM pet food volume grew 3.9% to 9,429 tonnes.

The company also reported a recovery in overseas demand. Pet food revenue from Europe increased 34% compared with the previous quarter.

AAI attributed the improvement in profitability mainly to higher production and sales volumes, which helped increase factory capacity utilisation.

However, the recovery was not yet reflected in its full nine-month performance. Net profit for January to September 2026 totalled THB 534 million, down 15.4% from the same period in 2025.

Source: AAI Q3 2026 financial report.