| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 312.00 | 4.5% |
| Total Income | 312.00 | 4.5% |
| Expenditure | 310.97 | 4.6% |
| PBT | 0.96 | 139.0% |
| Net Profit | 1.23 | 174.6% |
| OPM | 0.33% | 0.05pp |
| NPM | 0.39% | 0.94pp |
| EPS | 0.02 | 166.7% |
HF Foods Reports Q1 2026 Revenue Up 4.5% to $312.0 Million
12 May 2026 · 12 May, 1:49 am
Summary
HF Foods Group Inc. reported a 4.5% increase in net revenue, reaching $312.0 million for the first quarter of 2026. GAAP net income saw a substantial increase of 188.6% to $1.4 million, while adjusted EBITDA increased by 3.8% to $10.1 million. The company's cash provided by operating activities increased to $15.3 million. Management is focused on driving operational efficiency and capturing organic growth through network optimization and cross-selling.
Key Highlights
- 1
Net revenue increased by 4.5% to $312.0 million for the first quarter of 2026.
- 2
GAAP net income increased significantly by 188.6% to $1.4 million.
- 3
Adjusted EBITDA increased by 3.8% to $10.1 million for the quarter.
- 4
Cash provided by operating activities was $15.3 million, compared to $6.9 million in the prior year period.
- 5
Gross profit decreased slightly by 0.8% to $50.5 million.
- 6
Distribution, selling and administrative expenses decreased by 0.6% to $49.5 million.
Management Comments
Felix Lin
Our first quarter performance demonstrated continued momentum from our transformation initiatives even as the broader foodservice industry navigated ongoing headwinds. Our results reflect meaningful progress across our strategic priorities, including the operational benefits we are realizing from our consolidated sales call center structure, continued advancement of our digital infrastructure following our full ERP implementation, and significant milestones in our facilities expansion program. The recent acquisition of our Chicago warehouse and the near-completion of our Charlotte facility position us to unlock substantial cross-selling opportunities in high-growth markets across the Southeast and Midwest. We remain focused on driving operational efficiency, capturing organic growth through network optimization and cross-selling, and selectively pursuing M&A opportunities that strengthen our unmatched competitive position as the leading nationwide distributor in the Asian specialty food category. While near-term cost pressures persist, we are confident in our long- term growth trajectory and our ability to create sustained value for our shareholders as we execute against our strategic vision.
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