The listed company said it would stop raising chickens for sale but continue operating its processing facility, which prepares chicken meat for delivery to markets, supermarkets and restaurants.
Swift cited continued losses and concerns over El Niño, which could drive up feed costs, strain water supplies and expose chickens to extreme heat.
Expansion plans take a turn
Swift ended 2025 with accumulated losses of P2.69 billion, while its financial statements flagged significant uncertainty over its ability to remain in business.
The suspension comes just months after the company disclosed plans to increase chicken production in Palawan over the following year.
“Only the Palawan branch remains as an operational facility to produce quality dressed
chicken. Plans are underway to increase production within the next twelve months,” the company said in its latest quarterly report.
A long retreat
The company traces its roots to the Concepcion family's RFM Corp., which entered the poultry business in 1970 before spinning it off in 1994.
Swift shut down all branches except Palawan in 2009 as losses mounted, leaving the island province as its last chicken-growing base.
Its remaining business has struggled, with second-quarter 2026 revenue plunging 52 percent to P5.47 million as lower chicken prices squeezed its already thin margins.
Swift Foods, which listed on the Philippine Stock Exchange in 1994 under the ticker SFI, last closed at P0.049 per share, down 2 percent since the start of the year, giving the company a market value of nearly P90 million.
—Edited by Miguel R. Camus
