FOODWELL (005670) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was 159,625 million KRW, up 12.6% year-over-year from 141,793 million KRW in the prior year period, driven by growth in syrup, frozen, and ready-meal products.

• Operating profit rose to 10,975 million KRW from 6,940 million KRW, and net income attributable to owners increased to 5,903 million KRW.

• The company completed the acquisition of Blue Street (81.6% stake) to expand its ready-meal business.

Financial highlights

• Gross margin improved to 47% from 46.6% year-over-year.

• Operating margin increased to 6.9% from 4.9% year-over-year.

• Net income margin attributable to owners was 3.7% (up from 3.1%).

• EPS for the half-year was 626 KRW, up from 458 KRW.

• Total assets reached 248,537 million KRW, with equity of 122,497 million KRW.

Outlook and guidance

• No new business lines planned; focus remains on product quality, R&D, and expanding product range.

• The company aims to diversify its customer base and reduce reliance on large domestic and Japanese clients.