FOODWELL (005670) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was KRW 69,816 million, up 7.8% year-over-year; operating income reached KRW 3,409 million, a 9.1% increase from the prior year.

• Net income attributable to owners was KRW 1,785 million, with EPS of KRW 189.

• The company maintains a diversified product portfolio in food manufacturing, with significant OEM and export operations, especially to Japan.

Financial highlights

• Gross margin for Q1 FY2025 was 14.7%, with gross profit of KRW 10,265 million.

• Operating margin stood at 4.9%, and net margin at 2.9%.

• Cash and cash equivalents at quarter-end were KRW 15,172 million.

• Total assets were KRW 238,195 million; total equity was KRW 119,715 million.

• Dividend of KRW 1,179 million paid in April 2025.

Outlook and guidance

• No new business lines planned; focus remains on product quality, cost competitiveness, and expanding product range.

• Continued emphasis on R&D and quality systems to support sustainable growth.