FOODWELL (005670) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was KRW 159.6 billion, up 12.6% year-over-year; operating income rose to KRW 11.0 billion from KRW 6.9 billion, and net income attributable to owners was KRW 5.9 billion, down from KRW 7.3 billion.

• Gross margin improved, and cash flows from operations increased to KRW 9.4 billion from KRW 8.4 billion year-over-year.

• The company operates in food manufacturing, with key products including syrups, beverages, chestnut products, and health foods, and maintains a strong OEM and export presence, especially to Japan.

Financial highlights

• Consolidated assets at June 30, 2025: KRW 248.5 billion; equity: KRW 122.5 billion; liabilities: KRW 126.0 billion.

• H1 2025 revenue: KRW 159.6 billion (H1 2024: KRW 141.8 billion); operating income: KRW 11.0 billion (H1 2024: KRW 6.9 billion); net income: KRW 6.7 billion (H1 2024: KRW 10.9 billion).

• EPS for H1 2025: KRW 626 (H1 2024: KRW 774).

• Cash and cash equivalents at period end: KRW 19.6 billion.

• Dividend paid in April 2025: KRW 1.64 billion.

Outlook and guidance

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

• Continued emphasis on operational efficiency, quality control, and export growth, especially in Japan.