MESSAGE FROM THE CHAIRPERSON
Dear Shareholders,
In 2025, the food and bakery industry encountered another year of intense competition and economic headwinds. S&P once again rose to meet those challenges, drawing on our strengths of innovation, agility, and teamwork that have made us a leader in this field for more than five decades.
By pursuing a strategy of consistent product and service development, store refreshment, building new business models and listening to the lifestyle needs of emerging segments, S&P remained fully engaged with our customers. We continued to invest in our family of personnel across the organization, modernize operations, and move swiftly to address rising costs. The success of these endeavours is reflected in our 2025 financial performance results.
Even as the market and consumer behaviour continues to evolve rapidly, we remain committed to leading the way forward in this industry while staying true to the care, trust, and family touch that define the S&P brand.
It is this theme of family that underpins S&P’s 2025 One Report – “Timeless Family Warmth”. More than a slogan, it encapsulates S&P’s commitment to our customers that spans across generations. Many of our customers were introduced to the quality and reliability of the S&P brand by their families. S&P has been beside them through the milestones of birthdays, anniversaries and the celebrations of life. We are ready to continue that journey with the next generation of family, adding exciting new product lines and brands to our portfolio, and growing our presence domestically and internationally through new business ventures and collaborations. The core values that have sustained us through more than five decades of growth -- “Quality, Value, and Virtue” -- will continue to serve as our blueprint for the future, strengthened by creativity and sustainable business practices.
On behalf of the Board of Directors, I would like to express my sincere gratitude to our shareholders, customers, suppliers, employees and the communities we are a part of, for their unwavering support and trust in S&P. You inspire us to continue to write and reinvent the story of S&P for all of our families, stakeholders and partners.
