FOODWELL (005670) investor relations material

Executive summary

• Achieved consolidated revenue of KRW 320,328 million in FY2025, up 17.3% year-over-year, with operating income of KRW 18,353 million and net income of KRW 11,994 million, both showing significant growth from the prior year.

• Major product lines include health/functional foods, dumplings, jams/syrups, frozen purees, and beverages, with notable sales increases in jams/syrups (32.9%), frozen purees (43.9%), and health foods (14.3%).

• The company expanded its business portfolio by acquiring Blue Street (81.6% stake) and increasing its stake in Kos Farm to 100%.

Financial highlights

• Gross profit margin improved to 15.4% (KRW 49,466 million gross profit on KRW 320,328 million sales).

• Operating margin rose to 5.7%, and net margin to 3.7%.

• Total assets reached KRW 238,033 million, with liabilities at KRW 121,881 million and equity at KRW 116,153 million.

• Cash and cash equivalents at year-end were KRW 12,856 million, down from KRW 19,550 million, reflecting increased investments and financing activities.

• Total borrowings increased to KRW 73,953 million, with a debt-to-equity ratio of 104.9%.

Outlook and guidance

• Management emphasizes ongoing cost control, product diversification, and market expansion, especially in health foods and ready-to-eat segments.

• No new business lines planned, but focus remains on quality improvement and operational efficiency.

• Cautious on external risks such as raw material price volatility, exchange rates, and Japanese market conditions.