The listed poultry integrator Vitarich Corp. has expanded its board to 10 directors following a shareholder-approved amendment to the company's articles of incorporation.
The change was made during the company's annual stockholders' meeting, where shareholders also elected Isabella Victoria M. Sarmiento to the enlarged board.
Vitarich Corp. outlined its long-term strategy, which will focus on organizational realignment, operational efficiency, and sustainability initiatives.
According to the company's President and Chief Executive Officer, the strategy involves a profound organizational reflection, taking a step back to reassess not just how the company operates, but why it exists.
The company aims to support agricultural livelihoods, expand market opportunities, and contribute to the country's food supply chain.
Vitarich also integrated environmental, social, and governance (ESG) considerations into its procurement, production, governance, and risk management processes.
The company stated that it remains focused on advancing with discipline and sustainability while building a future-ready organization that creates shared value across Philippine agriculture.
Vitarich reported improved financial performance, with net income reaching P290.35 million, a 34.06% increase from P216.59 million in 2024.
The company's consolidated revenue reached P12.35 billion, while cash and cash equivalents increased to P841.9 million and total equity rose to P2.51 billion.
The improved results were driven by operational improvements and disciplined execution despite market headwinds.
The company's board approved the final terms and conditions for the P280-million acquisition of breeder farm facilities in Davao del Sur in February.
The transaction involves the acquisition of breeder farm facilities, including land, improvements, equipment, and 125,000 common shares of Broilers Club, Inc.
Vitarich plans to operate the acquired breeder facilities as its own farm and make Broilers Club, Inc. a wholly owned subsidiary, expected to stabilize broiler chick supply, reduce production costs, and increase VITA's breeder capacity by up to 8%.
