HF Foods Group Inc. reported record net revenue and gross profit for the second quarter ended June 30, 2025, on August 11, 2025. Net revenue reached $314.9 million, an increase of 4.1% compared to $302.3 million in the prior year period, driven by volume increases and improved pricing in Meat & Poultry and Seafood.
Gross profit for the quarter increased by 5.1% to $55.1 million, up from $52.5 million in Q2 2024, with the gross profit margin improving to 17.5% from 17.4%. Distribution, selling, and administrative expenses as a percentage of net revenue decreased to 16.2% from 16.5% in the prior year.
The company's net income increased by 117.0% to $0.5 million for Q2 2025, compared to $0.2 million in Q2 2024. Adjusted EBITDA saw a significant increase of 31.1% to $13.8 million, up from $10.6 million in the prior year, reflecting strong operational performance.
Cash provided by operating activities for the six months ended June 30, 2025, was $10.5 million, an increase of $8.5 million compared to the prior year period. As of June 30, 2025, HF Foods had a cash balance of $15.7 million and access to approximately $57.8 million in additional funds through its $125.0 million line of credit.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.