Lotte Wellfood Q1 2026: Slight Sales Growth, Continued Share Cancellation and Enhanced Shareholder Returns

Q1 2026 consolidated revenue KRW 1.273 trillion (slight YoY increase; separate revenue KRW 770.4 billion), operating profit KRW 35.8 billion, net income KRW 16.7 billion.
EPS (consolidated) KRW 1,953, separate KRW 1,701.
AGM resolved to cancel 100,000 treasury shares (Mar 20, 2026); previous year cancelled 130,000 shares.
Target average shareholder return rate of 35% for 2024-2028; FY2025 dividend KRW 3,300/share (FY2024: KRW 3,000).
Indian subsidiary Lotte India Co., Pvt. Ltd. completed absorption merger with Havmor Ice cream (Q1 2025, reflected from Q1 2025 accounting).
Consolidated debt ratio 102.19%, net debt ratio 23.54%; cash and cash equivalents KRW 362.1 billion.
Geopolitical risk from Russian subsidiary (Lotte Confectionery RUS LLC) due to ongoing Ukraine conflict and uncertainty in recoverability.
Progressing sale of stakes in Qingdao Foods and Singapore subsidiary.
R&D expenses KRW 7.7 billion (0.75% of sales); various new product launches.
Key raw material price changes: cocoa KRW 15,306/kg (prev. KRW 15,522), dairy KRW 7,020 (prev. KRW 6,673).

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