Wh Group (OTC) ( (WHGRF) ) has released its Q1 earnings. Here is a breakdown of the information Wh Group (OTC) presented to its investors.
WH Group Limited, a leading global pork company, operates in the packaged meats and pork industries, with a significant presence in China, North America, and Europe. The company recently announced its unaudited quarterly results for the first quarter of 2025, highlighting a solid financial performance.
During the first quarter of 2025, WH Group reported a 6.0% increase in revenue, reaching $6.554 billion, compared to the same period in 2024. The company’s operating profit rose by 19.4% to $598 million, while profit attributable to owners increased by 20.9% before biological fair value adjustments. Despite a 9.2% decline in packaged meats sales volume, pork sales volume saw a 4.4% increase, contributing to the overall revenue growth.
The company’s performance was bolstered by a significant improvement in its pork segment, particularly in the U.S., where the hog raising operation experienced a substantial turnaround. Additionally, WH Group completed the separate listing of Smithfield Foods on the Nasdaq Global Select Market, generating net cash proceeds of approximately $534 million, which facilitated a special cash dividend distribution to shareholders.
Looking ahead, WH Group aims to continue focusing on its core packaged meats business by transforming products and channels in China, maintaining profitability in the U.S., and expanding its scale in Europe. The company remains cautious of the global economic and trading environment but is committed to leveraging its strategies to achieve stable and positive results, providing returns to shareholders.