HF Foods 2025 Q3 Earnings 77.2% Net Loss Reduction and 41.5% Adjusted EBITDA Growth

HF Foods (HFFG) reported fiscal 2025 Q3 earnings on Nov 11, 2025, with revenue rising 2.9% to $306.98 million, exceeding analyst forecasts. The company narrowed its net loss by 77.2% to $0.9 million and boosted adjusted EBITDA by 41.5% to $11.7 million. Despite a $0.08 EPS miss (vs. $0.09 forecast), operational improvements and strategic investments underscored management’s confidence in long-term growth.

Revenue

HF Foods’ total revenue grew 2.9% year-over-year to $306.98 million, driven by volume and pricing gains in high-margin segments. Seafood led with $108.75 million, followed by Meat and Poultry at $70.07 million. Asian Specialty contributed $52.83 million, while Produce and Packaging segments added $27.83 million and $13.91 million, respectively. Commodity sales totaled $33.59 million, reflecting a diversified revenue base.

Earnings/Net Income

The company reduced its net loss to $0.9 million (vs. $3.8 million in 2024 Q3) and narrowed losses per share to $0.02 (vs. $0.07), a 71.4% improvement. Adjusted EBITDA surged 41.5% to $11.7 million, demonstrating stronger operating leverage. While the EPS miss highlights near-term challenges, the significant net loss reduction signals progress in cost management.

Post-Earnings Price Action Review

HF Foods’ stock price declined 5.11% during the latest trading day, edged down 0.89% for the week, and dropped 7.47% month-to-date. The underperformance contrasts with the earnings beat and operational improvements, suggesting market skepticism about near-term guidance. Analysts remain optimistic, however, citing the company’s strategic initiatives and long-term growth potential.

CEO Commentary

CEO Felix Lin emphasized “solid financial performance” driven by operational discipline and strategic priorities, including M&A opportunities to expand the geographical footprint. Lin highlighted momentum in Meat & Poultry and Seafood segments, along with infrastructure investments and technology advancements.

Guidance

HF Foods reiterated confidence in its long-term strategy, focusing on operational efficiency and market leadership in Asian foodservice distribution. While no specific financial guidance was provided, management expects Q4 results to mirror Q3’s performance.

Additional News

HF Foods announced a $100 million at-the-market equity offering to fund strategic expansion. The company also unveiled plans to restructure its sales force and expand cold storage capacity in Atlanta, doubling warehouse size to 190,000 sq ft. Interim CFO Paul McGarry joined the team, signaling leadership stability.

M&A Activity

HF Foods remains the leading Asian specialty foodservice provider in the U.S., actively evaluating tuck-in acquisitions to leverage its distribution network and supplier relationships.

C-Level Changes

Paul McGarry’s appointment as interim CFO underscores the company’s focus on financial discipline and transparency during its transformation phase.

Infrastructure Investments

The Atlanta cold storage expansion and Chicago warehouse acquisition aim to enhance cross-selling capabilities and operational efficiency, positioning HF Foods for 2026 growth.

Article Polishing

Transitions between sections have been refined for clarity and flow. Punctuation and spacing were standardized, and all numerical data and section structures preserved. The placeholder `

` was inserted after the Additional News section to align with layout rules.