Dongwon Industries' Q3 Operating Profit Rises 1.1% to KRW 149.7 Billion

Third-quarter revenue rose 6.6% to KRW 2.756 trillion

Cumulative operating profit increased 10%

Weak won hurts profitability in consumer food business

B2B and exports support performance

Dongwon Industries, the business holding company of Dongwon Group, posted operating profit of KRW 149.7 billion in the third quarter of 2026, up 1.1% from the same period last year. Profitability in its consumer food business declined due to the weak won and rising costs, but performance was supported by securing new clients in business-to-business (B2B) transactions and increasing exports.

Dongwon Industries disclosed on Nov. 10 that its consolidated revenue for the third quarter of 2026 was provisionally tallied at KRW 2.756 trillion, up 6.6% year over year. Cumulative revenue for the first three quarters of 2026 reached KRW 7.858 trillion, while operating profit came to KRW 447.3 billion, increases of 8.2% and 10.0%, respectively.

Dongwon F&B, the Group's food affiliate, posted a slight increase in revenue in the first three quarters as exports and online sales grew. However, operating profit fell sharply as rising prices for raw tuna and the weak won increased cost pressures, while intensifying promotional competition among distribution channels added to the strain. Dongwon Home Food, the Group's food-service distribution affiliate, increased both revenue and operating profit across all business segments, including food ingredients, food services, seasonings, and livestock product distribution.

Dongwon Systems, the Group's packaging materials affiliate, improved its performance on the back of increased exports of high-value-added products, including eco-friendly packaging, and growth at its overseas subsidiaries. Cumulative revenue for the first three quarters rose 7.9% to KRW 1.1431 trillion, while operating profit increased 16.7% to KRW 68.4 billion.

Dongwon LOEX, the Group's logistics affiliate, recorded double-digit growth in both revenue and operating profit by securing new clients in the industrial and consumer goods sectors, despite a decline in global cargo volumes. In the fourth quarter, it plans to strengthen specialized logistics services, including the handling of hazardous chemicals, as well as cold-chain storage and transportation.

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