Hyundai Green Food (A453340) Q2 2025 earnings summary

Executive summary

• Achieved consolidated revenue of ₩1,101.9 billion for 2024 H1, with operating profit of ₩63.7 billion and net profit attributable to owners of ₩46.8 billion, reflecting stable growth post-corporate split in 2023.

• Main business segments include food service, food distribution, and retail, with food service accounting for 47.2% of sales.

• Maintains a strong credit rating (A1) for commercial paper and electronic short-term bonds.

Financial highlights

• Revenue for H1 2024 was ₩1,101.9 billion, down from ₩1,827.0 billion in H1 2023 due to the split and normalization of business.

• Operating profit for H1 2024 was ₩63.7 billion, nearly flat year-over-year.

• Net profit attributable to owners was ₩46.8 billion, up from ₩39.3 billion in the previous period.

• Basic EPS for H1 2024 was ₩1,381, up from ₩1,159 in H1 2023.

• Cash and cash equivalents at period-end were ₩46.6 billion.

Outlook and guidance

• Focus on expanding health functional food and care food business, leveraging new product launches and existing distribution channels.

• Plans to enhance B2C offerings and capitalize on growing demand for HMR (Home Meal Replacement) and senior-friendly foods.

• Maintains a mid-term shareholder return policy: cash dividend of at least ₩325 per share and buyback of 10.6% of shares over five years.