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CJ Cheiljedang Corporation (097950) investor relations material
CJ Cheiljedang Corporation Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue excluding logistics declined 1.9% year-over-year to KRW4.53 trillion due to Bio and Feed & Care weakness, while total sales including logistics rose 0.3% to KRW7.44 trillion.
Operating profit dropped 25.6% year-over-year to KRW202.6 billion (OP margin 4.5%) excluding logistics, and net profit fell 66.4% to KRW46.1 billion, mainly from lower FX gains.
Including logistics, operating profit decreased 15.9% to KRW346.5 billion, and net profit was KRW119 billion, down 42.7% year-over-year.
Financial highlights
Food unit sales were flat year-over-year at KRW2.98 trillion, but operating profit rose 4% to KRW168.5 billion, driven by cost optimization and processed food volume growth.
Bio sales fell 8% year-over-year to KRW979 billion, with operating profit plunging 72% to KRW22 billion due to price declines in high-margin products and intense competition.
Feed & Care sales declined 2% year-over-year to KRW569 billion, with operating profit down 63% to KRW12 billion, impacted by weak livestock prices in Vietnam.
Logistics sales grew 3% year-over-year to KRW3.07 trillion, with operating profit up 4% on parcel and contract logistics strength.
Gross margin decreased to 27.1% from 28.4% year-over-year, and EBITDA margin declined to 8.6% from 11.0% year-over-year.
Outlook and guidance
Global food business expects continued growth in Europe and Oceania via channel expansion and new product launches.
U.S. and Americas food sales to benefit from year-end seasonality, but face raw material cost pressures; Korea sales and profit expected to decline year-over-year.
Bio segment profitability recovery delayed due to ongoing competition and supply increases from China.
Q4 2025 sales (excluding logistics) projected to grow low single digits, with operating profit margin at 3% year-over-year.
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