| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 323.78 | 3.8% | 2.8% |
| Total Income | 323.78 | 3.8% | 2.8% |
| Expenditure | 320.96 | 3.2% | 3.3% |
| PBT | 2.84 | 195.8% | 175.7% |
| Net Profit | 2.58 | 109.8% | 111.5% |
| OPM | 0.87% | 0.54pp | 0.44pp |
| NPM | 0.80% | 0.40pp | 0.41pp |
| EPS | 0.05 | 150.0% | 150.0% |
HF Foods Reports Second Quarter 2026 Financial Results
11 Aug 2026 · 11 Aug, 1:53 am
Summary
HF Foods announced its financial results for the second quarter ended June 30, 2026, reporting a 2.8% increase in net revenue to $323.8 million, which represents their sixth consecutive quarter of year-over-year net revenue growth and the highest quarterly revenue in the company's history. GAAP Net Income surged by 413.9% to $2.6 million, while Adjusted Net Income saw a modest increase of 0.8% to $6.4 million, though Adjusted EBITDA decreased by 2.0% to $13.6 million. A significant strategic development was the agreement to acquire Searay Foods, marking the company's first expansion outside the United States into Canada. Management expressed confidence in their long-term strategy and ability to create sustained value through both M&A and organic growth initiatives.
Key Highlights
- 1
HF Foods reported a 2.8% increase in net revenue to $323.8 million for the second quarter of 2026, marking the sixth consecutive quarter of year-over-year net revenue growth.
- 2
GAAP Net Income saw a significant increase of 413.9% to $2.6 million for the second quarter of 2026.
- 3
Adjusted Net Income increased by 0.8% to $6.4 million in the second quarter of 2026.
- 4
Adjusted EBITDA decreased by 2.0% to $13.6 million for the second quarter of 2026.
- 5
Gross profit margin decreased to 17.0% in Q2 2026 compared to 17.5% in the prior year period.
- 6
The company announced an agreement to acquire Searay Foods, marking its first expansion outside the United States.
- 7
Net revenue for the six months ended June 30, 2026, increased by 3.7% to $635.8 million compared to the prior year period.
Management Comments
Felix Lin
Our second quarter results reflect continued momentum in a challenging operating environment, marking our sixth consecutive quarter of year-over-year net revenue growth and the highest quarterly revenue in our history. Most significantly, we took a major step in our long-term growth strategy with our agreement to acquire Searay Foods, a leading Canadian importer and distributor of ethnic and specialty seafood. This transaction marks our first expansion outside the United States and extends our proven M&A playbook into a new geography, bringing a margin-accretive business with six proprietary brands into our growing seafood category. M&A remains a core pillar of our growth strategy, and as the strategic acquirer of choice in our space, we will continue to selectively evaluate opportunities that could benefit from our operational expertise and scale. At the same time, with the foundation of our transformation program largely built, we are hyper-focused on executing against the significant organic growth opportunities ahead, including our continued cross-selling initiatives across the Southeast and Midwest. We remain confident in our long-term strategy and our ability to create sustained value for our shareholders as we enhance our position as the leading nationwide Asian specialty food distributor.
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