Hyundai Green Food (453340) Q2 2026 earnings summary

Executive summary

• Revenue increased 7.8% year-over-year to 5,950억원 in Q2 on a consolidated basis, with operating profit up 33.9% to 845억원 and net profit up 30.7% to 306억원.

• Revenue for the first half of 2026 was KRW 1,216.5 billion, with operating income of KRW 84.5 billion and net income attributable to owners of KRW 66.8 billion, reflecting a decrease from the previous year’s comparable period.

• Growth driven by strong performance in core food business, expansion in overseas catering, and increased sales from new contracts in China, the US, and Mexico.

• The company operates in food service, distribution, food materials, and other segments, with food service accounting for 47.2% of sales.

• The company maintains a strong credit rating (A1) for its commercial paper and electronic short-term bonds.

Financial highlights

• Consolidated Q2 revenue: 5,950억원 (+7.8% YoY); cumulative revenue: 12,165억원 (+8.4% YoY).

• Total assets at June 30, 2026, were KRW 1,066.3 billion, with total equity of KRW 781.8 billion and liabilities of KRW 284.5 billion.

• Cash and cash equivalents increased to KRW 80.4 billion from KRW 53.0 billion at the end of 2025.

• Earnings per share for the half-year were KRW 2,063, down from KRW 2,654 in the previous year.

• Dividend payout ratio for the previous year was 14.93%, with a cash dividend per share of KRW 370.

Outlook and guidance

• Continued revenue growth expected from expanded overseas catering and new contract wins.

• The company targets a shareholder return rate of 40% (cash dividends plus share buybacks as a percentage of net income) through 2028, with annual dividends of at least KRW 10 billion for both interim and year-end distributions.

• Ongoing focus on cost efficiency and scale economies to support profitability.

• Plans to repurchase and cancel 3,591,376 shares by 2028, with 1,719,973 shares already acquired as of June 2026.