HF Foods Group Inc. reported a net revenue of $1.228 billion for the fiscal year ending December 31, 2025, marking a 2.2% increase from $1.202 billion in 2024. The growth was primarily driven by volume increases and improved pricing in the seafood and meat categories, although there were declines in other product lines. Gross profit also saw a slight increase to $207.6 million, up from $205.2 million in the previous year, but the gross profit margin decreased to 16.9% from 17.1% due to a shift in sales mix towards lower-margin products.
The company experienced a net loss of $38.8 million in 2025, an improvement from a net loss of $48.5 million in 2024. This reduction in loss was attributed to a $7.9 million increase in income tax benefits and a $6.1 million improvement in operational losses, despite the absence of a one-time gain from the previous year. The company recorded a goodwill impairment charge of $38.8 million, fully impairing its goodwill as of December 31, 2025.
HF Foods has made significant operational advancements, including the opening of a new 182,000 square foot distribution center in Powder Springs, Georgia, which is expected to enhance service capabilities across several states. The company also transitioned to a new Chief Financial Officer, Paul McGarry, following the departure of Cindy Yao in October 2025. The workforce remains stable, with approximately 949 full-time employees as of the end of 2025.
The company continues to focus on expanding its market presence, particularly within the Asian restaurant sector, while also exploring opportunities in other ethnic and specialty foodservice segments. HF Foods aims to leverage its cultural understanding and established supplier relationships to enhance its competitive position. Looking ahead, the company anticipates that ongoing consumer demand for Asian cuisines and the resilience of restaurant spending will support its growth strategy, although it remains cautious of potential economic fluctuations and competitive pressures in the foodservice distribution industry.
About HF Foods Group Inc.
HF Foods Group Inc. is a leading distributor of Asian food products and non-food supplies to restaurants across the U.S. It offers over 2,000 items, including seafood, meats, produce, and specialty ingredients, supported by a broad supplier network and extensive logistics. Serving primarily Asian restaurants, the company emphasizes cultural understanding, customized service, and efficient supply chain management to provide competitive pricing and reliable delivery.
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