[Click e-Stock] "Pulmuone Expected to See Significant Profit and Loss Improvement in 2026"

On December 5, Hana Securities projected that Pulmuone will see a significant improvement in its profit and loss in 2026, driven by a base effect.

Hana Securities forecasts Pulmuone’s consolidated sales and operating profit for 2026 to reach 3.526 trillion won and 113.1 billion won, respectively. These figures represent increases of 4.4% and 21.6% compared to the previous year.

Shim Eunju, a researcher at Hana Securities, identified “overseas operations” as the main factor behind Pulmuone’s profit and loss improvement. She explained, “The U.S. subsidiary is expected to reduce its deficit as new tofu private brand product supply and B2B noodle product orders are fully reflected in earnings.” She added, “We anticipate the U.S. subsidiary’s deficit will shrink by around 6 billion won year-on-year next year.”

Shim also stated, “The Japanese subsidiary will also see the full benefits of consolidating its production bases,” estimating that “the related deficit reduction will be around 3 billion won.”

She continued, “The Chinese subsidiary is expected to remain profitable,” adding, “This year, sales in China are estimated to increase by 25.7% year-on-year, driven by strong sales of new products such as frozen gimbap and shelf-stable pasta. We also forecast double-digit growth next year.”

Shim noted, “The overseas subsidiaries’ profit and loss is expected to improve from a deficit of 16.6 billion won in 2025 to a deficit of 7.6 billion won in 2026,” and commented, “Expectations for a reduction in overseas losses could be reflected in the short-term stock price.”

Meanwhile, Pulmuone recorded consolidated sales and operating profit of 888.4 billion won and 38.1 billion won, respectively, in the third quarter. These figures represent increases of 6.6% and 14.4% compared to the same period last year. The strong performance was attributed to ▲ securing large-scale food service contracts ▲ narrowing deficits at overseas subsidiaries ▲ and robust sales of new processed food products.