Samyang Foods Achieves Record-Breaking Q3 Results Driven by Global Buldak Brand Popularity

Samyang Foods has achieved its largest-ever performance in the third quarter of this year.

On the 6th, Samyang Foods officially announced through a performance disclosure that it recorded provisional consolidated revenue of 791.8 billion won and an operating profit of 196.2 billion won for the third quarter. These figures represent a dazzling increase of 25.3% and 49.9%, respectively, compared to the same period last year.

The strong performance was driven by overseas sales led by the popularity of the Buldak Brand. Third-quarter overseas sales reached 660.8 billion won, a 29.4% increase compared to the same period last year, easily shattering previous records.

By region, the growth of the US and Chinese subsidiaries was particularly notable. The US subsidiary saw a sharp 36.6% surge from the previous year, recording 212.5 billion won due to sales in major channels such as Walmart and additional revenue from Mexico. The Chinese subsidiary also recorded 208.9 billion won, up 13.2%. In particular, the European market achieved a massive 65.5% growth, reaching 89.6 billion won due to expanding demand.

The operating profit margin also recorded 24.8%, steadily maintaining a solid level in the 20% range for seven consecutive quarters.

A representative from Samyang Foods stated, "We continued a strong growth trend by expanding distribution networks in our key markets," adding, "We will respond to demand by increasing the efficiency of our hubs and systematizing our infrastructure."