Samyang Foods Soars in Q3 with Strong Export Performance... Sales Surpass 300 Billion Won

Sales of 335.2 Billion KRW, Operating Profit of 43.4 Billion KRW... Up 58.5% and 124.7% YoY
Aggressive Overseas Business Expansion... Quarterly Exports Surpass 200 Billion KRW for the First Time

Samyang Foods announced on the 14th through a disclosure that its consolidated sales for the third quarter of this year were tentatively estimated at 335.2 billion KRW, a 58.5% increase compared to the same period last year. Operating profit for the same period rose 124.7% to 43.4 billion KRW.

Samyang Foods Headquarters Exterior

The third-quarter performance was driven by the overseas business division. Overseas sales reached 239.8 billion KRW, up 78.3% year-on-year. Exports surpassed 200 billion KRW for the first time in a quarter, and the cumulative performance from the first to the third quarter recorded 587.6 billion KRW, approaching last year's annual export performance of 605.7 billion KRW.

Thanks to strengthened local sales and marketing, sales increased evenly across all regions, and the Miryang factory, the export forward base, supported the growing overseas demand. In particular, the establishment of local subsidiaries expanded major channel entries such as Walmart in the U.S. and online sales channels in China.

Domestic sales achieved 95.5 billion KRW, a 23.9% increase compared to the same period last year. The launch of new products such as the spicy soup noodle brand Maptaeng, along with expanding business areas to dried noodles, sauces, and frozen home meal replacements (HMR), contributed to the sales growth.

A Samyang Foods official said, “In the third quarter, we diversified the domestic business division and focused on expanding overseas markets, achieving sales growth both domestically and internationally. We will continue solid growth in the fourth quarter.”

This content was produced with the assistance of AI translation services.