CJ Seafood's preliminary results for the second quarter: Revenue increased by 13.6%, and the company returned to profitability

CJ Seafood (011150) announced its preliminary consolidated financial results for the second quarter of 2026 (April-June) on August 11, 2026, through a public disclosure. The company's revenue for the second quarter was 48.2 billion won, a 13.6% increase compared to the same period last year (42.4 billion won). However, it represents a 12.2% decrease compared to the previous quarter (55 billion won). The cumulative revenue for the first half of the year reached 103.2 billion won, an 8.6% increase compared to the same period last year, indicating continued growth in overall revenue. In terms of profitability, there has been a clear improvement on a quarterly basis. The operating loss for the second quarter was 6 billion won, a reduction of more than 60% compared to the operating loss of 15 billion won in the previous quarter and the operating loss of 15 billion won in the same period last year. Pre-tax profit (continuing operations income before income tax expense) was 29 billion won, a turnaround from a loss of 127 billion won in the previous quarter. Net profit for the quarter was 74 billion won, a 151% increase compared to the same period last year (30 billion won). However, based on the cumulative results for the first half of the year, the company recorded a net loss of 5.5 billion won, a shift from a net profit of 5.3 billion won in the same period last year. Pre-tax profit also recorded a deficit of 9.8 billion won for the first half of the year, a turnaround from a profit of 5.3 billion won in the same period last year. This is a result of the poor performance in the first quarter, which dragged down the overall figures for the first half of the year. These results are preliminary consolidated figures prepared in accordance with Korean IFRS (K-IFRS) and have not yet been audited by an external auditor, so there may be some differences from the final results.