Namyang Dairy Products Posts Profit for Three Consecutive Quarters... Operating Profit of 77.69 Million Won in Q1

Sales Reach 215.6 Billion Won, Down 7.9%

Namyang Dairy Products has achieved a profit for three consecutive quarters since the third quarter of last year.

On May 16, Namyang Dairy Products announced that, on a consolidated basis, it recorded an operating profit of 77.69 million won and a net profit of 1.2 billion won in the first quarter of this year, turning a profit compared to the same period last year. While sales during the same period decreased by 7.9% year-on-year to 215.6 billion won, business structure reforms and operational efficiency strategies led to improved profitability.

Namyang Dairy Products explained, "Organizational restructuring for management normalization and a consumer-centered product strategy have produced tangible results."

Since January last year, when private equity fund Hahn & Company became the largest shareholder, Namyang Dairy Products has focused on management normalization by establishing a transparent governance structure and restructuring around core businesses. The company has also strengthened product competitiveness by launching health-oriented product lines such as 'Bulgarius Zero,' 'Takefit Max,' and 'Delicious Milk GT Super Zero Lactose-Free.' This year, it is further expanding its lineup of functional products, including 'French Cafe Stevia Goat Milk Protein' and 'Takefit Monster.'

In addition, the company is working to enhance shareholder value through activities such as share buybacks and cancellations, as well as stock splits. It is also strengthening ESG management by expanding support for youth family caregivers and reinforcing compliance and ethical management, with a focus on restoring trust and securing a foundation for sustainable management. A Namyang Dairy Products representative stated, "These results are the outcome of company-wide organizational improvements and a consumer-centered product strategy aimed at management normalization," adding, "We will continue to strengthen the competitiveness and quality innovation of our core businesses, and pursue stable growth and the restoration of consumer trust through a sustainable management system that includes ESG."