WH Group (288) Q1 2026 earnings summary

Executive summary

• Sales volume of packaged meats rose 9.4% and pork 5.6% year-over-year for Q1 2026.

• Revenue increased 6.7% to US$6,994 million, with operating profit up 7.5% to US$643 million.

• Profit attributable to owners before biological fair value adjustments grew 8.8% to US$396 million.

Financial highlights

• EBITDA reached US$869 million before biological fair value adjustments, up from US$786 million year-over-year.

• Basic EPS before biological fair value adjustments was 3.09 US cents, up from 2.84 US cents.

• Total assets increased to US$23,054 million as of March 31, 2026, from US$21,910 million at year-end 2025.

Outlook and guidance

• Focus remains on transforming packaged meats in China, maintaining resilience in the US, and expanding in Europe.

• Plans to strengthen pork business by improving hog production and enhancing processing value.

• Acknowledges global economic and political uncertainties may impact operations.