Wh Group Ltd Ord (WHGRF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, analysts and investors. Welcome to WH Group's 2026 First Quarter Results Conference. This is Guo Lijun, Executive Director and Chief Executive Officer of WH Group. Joining today's results call are members of the senior management from WH Group and our subsidiaries, Shuanghui Development, Smithfield Foods, and Morlini Foods in Europe, including Mr. Wan Long, Chairman of the Board and Executive Director of WH Group, Mr. Wan Hongwei, Vice Chairman of the Board of WH Group and the Chairman of Shuanghui Development, Mr. Ma Xiangjie, Executive Director of WH Group and President of Shuanghui Development. Shane Smith, President and CEO of Smithfields and Mark, Chief Financial Officer. Louis, CEO of Morlini Foods. Ms. Joanna Yan, Chief Financial Officer of the company and Zhou Xiaoming, Vice President of the company. Today's earning call will be divided into two parts. I will first present the company's first quarter financial and operating performance, and then we'll take your questions. Now I will walk you through the first quarter performance of 2026 of WH Group. In the first quarter, packaged meats sold total volume was 781,000 metric tons, 9.4% higher than last year. Pork sold is 1.037 million metric tons, 5.6% higher than last year. Total revenue, $6.994 billion, 6.7% higher than last year. EBITDA, $869 million, 10.6% higher than last year. Operating profit, $643 million, 7.5% higher than last year. Profit attributable to owners of the company, $396 million, 8.8% higher than last year. Basic earnings per share is 3.09 US cents, also 8.8% higher than last year. So based on the performance of the first quarter, our volume revenue and the profits all achieved year-over-year growth. Now we look at the performance by segment. PackageMate is still the core busin...