FOODWELL (005670) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was 85,110 million KRW, up 21.9% year-over-year from 69,816 million KRW in Q1 2025.

• Operating income rose to 5,846 million KRW, a 71.5% increase from 3,409 million KRW year-over-year.

• Net income attributable to owners of the parent was 3,673 million KRW, up from 1,785 million KRW in Q1 2025.

• Growth driven by strong sales in jams/syrups, health foods, and dumplings, with domestic and Japanese export markets as key contributors.

Financial highlights

• Gross profit increased to 13,521 million KRW from 10,265 million KRW year-over-year.

• EBITDA (approximate, based on operating income plus depreciation/amortization) improved, with depreciation and amortization totaling 2,970 million KRW.

• EPS for Q1 2026 was 414 KRW, up from 189 KRW in Q1 2025.

• Total assets at quarter-end were 251,277 million KRW, with equity of 120,110 million KRW.

• Cash and cash equivalents increased to 17,284 million KRW from 12,856 million KRW at the previous year-end.

Outlook and guidance

• No new business lines planned; focus remains on product quality, R&D, and expanding production capacity.

• Continued emphasis on diversifying product portfolio and strengthening domestic and export channels, especially to Japan.