HF Foods (US:HFFG) Globenewswire·2025-11-10 21:05Core Insights - HF Foods Group Inc. reported a net revenue increase of 2.9% to $307.0 million for Q3 2025 compared to $298.4 million in the prior year, driven by volume increases and improved pricing in Meat & Poultry and Seafood [5][19] - The company achieved a significant reduction in net loss, decreasing by 77.2% to $0.9 million from $3.8 million in the same quarter last year, attributed to improved operational performance and changes in fair value of interest rate swap contracts [9][19] - Adjusted EBITDA rose by 41.5% to $11.7 million from $8.3 million in the prior year, reflecting the effectiveness of the company's transformation initiatives [10][19] Financial Performance - Net Revenue: Increased to $306.978 million for Q3 2025, up by $8.589 million from the previous year [3][19] - Gross Profit: Slightly increased to $50.409 million, with a gross profit margin of 16.4%, compared to 16.8% in Q3 2024 [6][19] - Net Loss: Decreased to $0.874 million from $3.837 million in the prior year, with a loss per share of $0.02 [9][19] - Adjusted Net Income: Increased to $4.345 million for Q3 2025, compared to $2.210 million in the same period last year [30][19] Operational Efficiency - Distribution, Selling, and Administrative Expenses: Decreased by $0.4 million, or 0.7%, as a percentage of net revenue fell from 16.6% to 16.1% [7][19] - Cash Flow: Cash provided by operating activities was $4.5 million for the nine months ended September 30, 2025, compared to $4.2 million in the prior year [11][19] Management Commentary - The CEO highlighted the company's solid financial performance and ongoing transformation initiatives, expressing confidence in long-term strategic plans, including potential M&A opportunities [4][19] Company Overview - HF Foods Group Inc. is a leading distributor of international foodservice solutions to Asian restaurants across the U.S., aiming to meet the growing demand for Asian cuisine [13][19]