Hyundai Green Food (453340) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 570.6 billion, with operating income of KRW 32.2 billion and net income attributable to owners of KRW 25.8 billion, reflecting stable growth across core business segments.

• Gross margin improved slightly year-over-year, and the company maintained a strong cash position with KRW 80.4 billion in cash and equivalents at quarter-end.

• The company continued to invest in R&D and new business lines, focusing on HMR (Home Meal Replacement) and health-oriented food products.

Financial highlights

• Q1 2025 revenue: KRW 570.6 billion (down from KRW 2,270.4 billion in FY2024, reflecting seasonality).

• Operating income: KRW 32.2 billion; net income: KRW 26.4 billion.

• Gross profit: KRW 108.7 billion; gross margin: 19.1%.

• Basic EPS: KRW 779.

• Cash and cash equivalents: KRW 80.4 billion.

Outlook and guidance

• Management expects continued growth in HMR and B2C health food segments, leveraging the new Smart Food Center.

• The company aims to maintain a dividend payout ratio of 40% and annual dividends of at least KRW 20 billion.

• Ongoing cost control and efficiency improvements are expected to support profitability amid challenging macroeconomic conditions.