IF Coconut Water's parent company releases its first annual report: revenue increases but profits do not, CEO states the competitive landscape is intensifying

Crypto Finance Wu Wenting On February 26, IF Coconut Water Mother Company IFBH released its annual results for the fiscal year ending December 31, 2025.

According to the announcement, the company achieved revenue of $176 million, an 11.9% increase compared to the fiscal year ending December 31, 2024; net profit was $22.8 million, a 31.7% decrease compared to the fiscal year ending December 31, 2024.

IFBH founder, executive director, and CEO Pongsakorn Pongsak stated at the earnings conference that the company completed its IPO in June 2025. The full-year revenue grew by 12% year-over-year, further strengthening its position in China’s coconut water market. He expressed great satisfaction with the achievements.

“In the Chinese market, we see increasing competition, with new entrants constantly emerging. Currently, there are no unified national industry standards for coconut water products, and brands vary in product quality, raw material sourcing, and other aspects. In this environment, brands that can consistently deliver stable quality and uphold health commitments are more likely to build consumer loyalty. This creates opportunities for us. We are fully prepared to seize this growth opportunity.”

Public information shows that IFBH is a Thailand-based ready-to-drink beverage and snack food company. Founded in 2013, its IF brand is a leader in introducing natural coconut water to mainland China, its largest market.

According to a report by Zhuo Shi Consulting, based on retail sales, the company has ranked first in China’s coconut water beverage market for five consecutive years since 2020. In 2024, its market share was approximately 34%, more than seven times that of the second-largest competitor.