Hf Foods Group Inc. · NASDAQ:HFFG
Hf Foods — Q4 2025 Earnings Presentation
22 slides from Hf Foods's earnings presentation, Mar 16, 2026
Slide 1: HF Foods Group Investor Presentation March 2026
HF FOODS GROUP (NASDAQ: HFFG) INVESTOR PRESENTATION MARCH 2026 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements All statements in this Presentation other than statements of historical facts are forward-looking statements which contain HF Foods Group’s (the “Company”) current expectations about our future results. The Company has attempted to identify any forward-looking s
Slide 3: Who We Are
Who We Are Investor Highlights 3
Slide 4: Who We Are
Who We Are 30 years of helping local and regional Asian restaurant owners fulfill their American dream… while partnering with domestic and international suppliers to efficiently deliver the most varied assortment of Asian specialty products 4
Slide 5: HF Foods Executive Leadership
HF Foods Executive Leadership Felix Lin Paul McGarry Christine Chang CEO & President Chief Financial Officer Chief Administrative Officer • 15+ years experience in manufacturing • Over 25 years of public-company accounting and • 15+ years legal experience across operations, supply chain, finance and
Slide 6: HF Foods at a Glance
HF Foods at a Glance #1 Specialty Food Distributor to Asian Restaurants Revenue by Product (2025) Revenue by Geography (2025) Produce 9% Packaging Financial Summary (2025) and Others Seafood 5% 36% $1.23B 16.9% $45.0M Meat & Gross Margin Adj. EBITDA Poultry Net Revenue 22% Asian Commodity Speciality
Slide 7: Product Portfolio
Product Portfolio HF Foods Offers the Largest Assortment of Asian Specialty Products Frozen Seafood Asian Specialty Meat & Poultry 3,725 SKUs 10,004 SKUs 1,921 SKUs Sea Jellyfish OBA white Escolar Quail eggs Sliced King Hot pepper Jumbo White pekin Pork Chinese- cucumber head shrimp steak bamboo top
Slide 8: HF Foods History & Timeline
HF Foods History & Timeline East and West coast consolidators merged to form the leading national player B&R Global HF Foods Post-merger ✓ B&R developed a leading business through 10+ strategic acquisitions over its history prior to merging with the legacy HF ✓ Both HF Foods and B&R were consolidato
Slide 9: Investor Highlights
Who We Are Investor Highlights 9
Slide 10: HF Foods Investment Highlights
HF Foods Investment Highlights LEADING, ONLY SCALED NATIONWIDE ATTRACTIVE SCALE AND FINANCIAL 1 DISTRIBUTOR SERVING THE ASIAN FOODSERVICE MARKET 5 PROFILE DIFFERENTIATED AND DEFENSIBLE CLEAR STRATEGY TO GROW REVENUES 2 BUSINESS MODEL 6 AND EXPAND MARGIN LARGE AND GROWING TOTAL 3 ADDRESABLE MARKET (T
Slide 11: Leading, Only Scaled Nationwide Distributor Serving the Asian Foodservice Market
Leading, Only Scaled Nationwide Distributor Serving the Asian Foodservice Market 18 DCs & Cross-docks Strategically Located Across the U.S. Key Metrics WA MT ND 45 MN MI U.S. States covered ME ID SD WI VT 3 – 5 hr OR MI NH WY NY MA NE IA ` CT RI Average route time PA IL OH NJ IN ~95% NV UT CO WV MD
Slide 12: Differentiated and Defensible Business Model
Differentiated and Defensible Business Model The Only Asian Specialty Food Distributor With National Scale National Small / Local Why HF Foods Wins Large, National Fragmented, Public Companies Regional Players ✓ Customer focus and scale drives high-quality service and an integrated value proposition
Slide 13: Large and Growing Total Addressable Market (TAM)
Large and Growing Total Addressable Market (TAM) Large U.S. Restaurant Market with A Big SAM that Large and Growing Asian Foodservice Market HF Foods Sells Into ($mm) 12% Independent $50,614 Asian food and small chain National $46,915 ~787k operators ~94k chains $45,006 97% Asian Restaurants 3% Rest
Slide 14: Long-Standing Relationships with Mostly US Domestic Sourcing Partners
Long-Standing Relationships with Mostly US Domestic Sourcing Partners ✓ Ability to source from a deep list of 67% domestic suppliers and 33% international suppliers (18% ✓ Ability to source a broad product offering, allowing HF China, 5% Mexico, 4% Canada, 3% Ecuador, and 3% Other) Foods to become t
Slide 15: Driving Growth Through Organic and Inorganic Opportunities
Driving Growth Through Organic and Inorganic Opportunities Great Wall & Sealand Acquisitions +117% +216% 15
Slide 16: Clear Strategy to Grow Revenues & Expand Margins
Clear Strategy to Grow Revenues & Expand Margins Three Pillars for Organic Top Line Growth • Further expansion of product offerings to increase wallet share with key customers Cross-Sell 1 Opportunities • Significant cross-sell opportunities, particularly in the wake of recent seafood acquisitions •
Slide 17: Clear Strategy to Grow Revenues & Expand Margins (Cont.)
Clear Strategy to Grow Revenues & Expand Margins (Cont.) Clearly Defined Margin Expansion Strategy Significant Operational Initiatives Operational Initiative Description ✓ Centralized purchase order management and strategic sourcing Consolidating Procurement ✓ Improved spend analysis to identify ine
Slide 18: Proven M&A Platform
Proven M&A Platform HF Foods Is The Acquirer Of Choice Acquisition Strategy What this Means Why this Matters Management aims to • Expanding presence in select regions will allow HF Foods Geographic penetrate peripheral to implement its playbook in untapped markets Expansion geographies through • Inc
Slide 19: Experienced Public Company Leadership Team with Strong Corporate Governance
Experienced Public Company Leadership Team with Strong Corporate Governance Christine Paul McGarry Paul Guan Jason White Felix Lin CEO & President Chang CFO VP of Distribution SVP of People & Chief Administrative Center Operations Technology Officer Strong Corporate Governance and Experiences Public
Slide 20: Solid Growth Runway
Solid Growth Runway Organic 2025 3-5 Years Revenue $1.23B $1.4B-1.5B+ Adj. EBITDA $45 $60-75M+ Adj. EBITDA Margin 3.7% 4.5%-5%+ In-organic Revenue $120-150M Opportunity 20
Slide 21: HF Foods Investment Highlights
HF Foods Investment Highlights LEADING, ONLY SCALED NATIONWIDE ATTRACTIVE SCALE AND FINANCIAL 1 DISTRIBUTOR SERVING THE ASIAN FOODSERVICE MARKET 5 PROFILE DIFFERENTIATED AND DEFENSIBLE CLEAR STRATEGY TO GROW REVENUES 2 BUSINESS MODEL 6 AND EXPAND MARGIN LARGE AND GROWING TOTAL 3 ADDRESABLE MARKET (T
Slide 22: Thank You!
Thank You! HF Foods