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CJ Cheiljedang Corporation (097950) investor relations material
CJ Cheiljedang Corporation Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue declined 1.9% year-over-year to KRW 4.5326 trillion (excluding logistics), as food growth was offset by declines in bio and feed & care segments.
Operating profit dropped 25.6% year-over-year to KRW 202.6 billion, mainly due to unfavorable bio and feed & care market conditions despite improved food profitability.
Net profit fell 66.4% year-over-year to KRW 46.1 billion, impacted by reduced foreign exchange gains and higher exchange rates.
Including logistics, total sales rose 0.3% year-over-year to KRW 7.4395 trillion, while operating profit decreased 15.9% to KRW 346.5 billion and net profit dropped 42.7% to KRW 119 billion.
Financial highlights
Food business sales were KRW 2.984 trillion (flat year-over-year), with operating profit up 4% to KRW 169 billion, driven by overseas growth and improved cost efficiency.
Bio sales declined 8% year-over-year to KRW 979.4 billion, with operating profit plunging 72% to KRW 22 billion due to price drops and competition in high-margin products.
Feed & care sales fell 2% year-over-year to KRW 569.2 billion, and operating profit dropped 63% to KRW 12 billion, mainly from weak livestock prices in Vietnam.
Logistics sales grew 3% year-over-year to KRW 3.0666 trillion, with operating profit up 4% to KRW 147.9 billion, driven by parcel and contract logistics.
Gross margin decreased to 27.1% from 28.4% year-over-year, and EBITDA margin declined to 8.6% from 11.0% year-over-year.
Outlook and guidance
Q4 2025 sales (excluding logistics) projected to grow at a low single-digit rate, with operating profit margin at 3% year-over-year.
Americas expected to see growth from seasonal and strategic products, but raw material cost pressures persist.
Bio segment profitability improvement delayed due to ongoing competition and supply increases from Chinese players.
Korea food sales and operating profit expected to decline year-over-year in Q4.
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