Samyang Foods said on the 14th that third-quarter operating profit on a consolidation basis came to 130.9 billion won, up 50% from a year earlier. Sales for the same period rose 44% to 632.0 billion won.
Overseas sales, which drove third-quarter results, totaled 510.5 billion won, up 50% from the same period last year. It was a quarterly record high, with a new high set every quarter since 2024. The share of overseas sales in total sales expanded to 81%.
Samyang Foods said both the United States and China, the largest export markets, showed growth. Samyang America, the U.S. subsidiary, posted sales of $112 million in the third quarter, up 59% from a year earlier. Sales at Samyang Foods Shanghai Co., the China subsidiary, rose 56% to 951 million yuan.
Samyang Foods noted that the start-up of the Milyang Plant 2 and proactive responses to the U.S. reciprocal tariff were effective. Based on increased production capacity, it diversified export regions to support rising overseas demand and minimized the impact of tariffs.
A Samyang Foods official said, "Thanks to strong exports, strategic tariff responses, and the high exchange rate effect, we posted strong growth in the third quarter as well," and added, "As uncertainties such as tariffs have been partly resolved and the utilization rate of Milyang Plant 2 is rising quickly, we expect to further accelerate export expansion."