Samyang Foods (003230) Q2 2026 earnings summary

Executive summary

• Achieved record-high quarterly revenue of KRW 770.3B, up 7.8% QoQ and 39.3% YoY, with strong sales in the Americas, Europe, and Asia, including China.

• Consolidated H1 2026 revenue was KRW 1,484.7B, operating income KRW 353.3B, and net income KRW 282.1B, with 90.6% of sales from noodles and snacks.

• Expanded global footprint with new subsidiaries and investments in China, Europe, and Southeast Asia.

• Maintained high profitability despite increased marketing and robust R&D focused on global and health-oriented trends.

Financial highlights

• Q2 2026 revenue was KRW 770.3B, with overseas sales over 80% of total; H1 2026 revenue was KRW 1,484.7B.

• Gross margin improved to 48.1% due to cost control and favorable currency effects.

• Net income for Q2 2026 was KRW 1,762B, up 46.7% YoY; H1 2026 net income was KRW 282.1B.

• EBITDA margin remained strong at 25.5% for the quarter.

• Total assets increased to KRW 27,487B, with cash and cash equivalents nearly doubling YoY.

Outlook and guidance

• Continued business expansion in the U.S., China, and new Asian markets, with accelerated growth in Europe.

• Ongoing investment in new production facilities in China and Korea to support global expansion.

• Plans to progressively raise dividends per share as free cash flow stabilizes, targeting a payout ratio of 9–11%.

• Focus on product innovation and global market penetration, especially in health and convenience foods.

• Ongoing CAPEX to support business growth and enhance shareholder returns.