FOODWELL (005670) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 69,816 million, up 7.8% year-over-year; operating income rose to KRW 3,409 million, and net income reached KRW 2,002 million, both showing growth from the prior year.

• The company maintains a diversified product portfolio in food manufacturing, with strong positions in syrup, beverage, chestnut, and frozen food segments.

• Domestic sales remain the majority, but overseas sales, especially to Japan, increased significantly year-over-year.

Financial highlights

• Gross margin for Q1 2025 was 14.8%, with operating margin at 4.9% and net margin at 2.9%.

• EPS for Q1 2025 was KRW 189, down from KRW 244 in Q1 2024.

• Total assets stood at KRW 238,195 million, with equity of KRW 119,715 million and a debt-to-equity ratio of 41.9%.

• R&D expenses were KRW 586 million, representing 0.84% of sales.

Outlook and guidance

• No new business lines planned, but focus remains on product quality, R&D, and expanding the product range to meet evolving consumer needs.

• The company aims to strengthen its production and quality management network for sustainable growth.