HF Foods Group Inc. reported its financial results for the second quarter of 2025, revealing a total net revenue of $314.9 million, a 4.1% increase from $302.3 million in the same period last year. For the first half of 2025, the company achieved net revenue of $613.3 million, up 2.6% from $598.0 million in the prior year. The gross profit for the second quarter was $55.1 million, reflecting a 5.1% increase compared to $52.5 million in the previous year. However, the company recorded a net income of $1.2 million for the quarter, a significant improvement from a mere $17,000 in the same quarter of 2024, while the net loss for the first half of 2025 was $0.4 million, an improvement from a loss of $0.7 million in the same period last year.
The company’s operational performance showed notable changes, with income from operations rising to $4.1 million in the second quarter, compared to $2.6 million in the same quarter of 2024. This increase was attributed to higher sales volumes and improved pricing in key product categories such as Meat & Poultry and Seafood. Distribution, selling, and administrative expenses increased slightly to $51.0 million, but as a percentage of net revenue, these expenses decreased to 16.2% from 16.5% year-over-year, indicating improved operational efficiency.
HF Foods has also been focusing on strategic developments, including a comprehensive operational transformation plan aimed at enhancing growth and cost savings. Key initiatives include centralized purchasing, fleet and transportation upgrades, digital transformation through a new ERP system, and facility upgrades to streamline operations. The company has expanded its distribution network through acquisitions, including two frozen seafood suppliers, which has enhanced its market presence across various states.
In terms of operational metrics, HF Foods reported a cash balance of approximately $15.7 million as of June 30, 2025, with access to an additional $57.8 million through its $125 million line of credit. The company’s total assets increased to $593.5 million from $550.0 million at the end of 2024, while total liabilities rose to $352.4 million from $308.7 million. The company’s employee headcount remained stable, and it continues to focus on maintaining strong relationships with its customer base, primarily Asian restaurants across the United States.
Looking ahead, HF Foods expressed optimism about its growth trajectory, driven by the increasing demand for Asian cuisine and the successful implementation of its transformation initiatives. The company anticipates that these efforts will lead to improved financial performance and operational efficiencies in the coming quarters. However, it remains cautious about potential market fluctuations and economic conditions that could impact its operations and financial results.
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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