Wh Group Ltd Ord (WHGRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, analysts and investors. Welcome to the third quarter 2025 results presentation of WH Group. I'm Guo Lijun, Executive Director and Chief Executive Officer of WH Group. Joining us today are members of the management teams from WH Group and our subsidiaries, Shuanghui Development, Smithfield Foods, and Morlini Foods, 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 Chairman of Shuanghui Development, Mr. Ma Xiangjie, Executive Director of WH Group and President of Shuanghui Development, Mr. Liu Songtao, Executive Vice President and Chief Financial Officer of Shuanghui Development, Shane Smith, President and CEO of Smithfield Foods, and Mark, CFO of Smithfield Foods, Luis, CEO of Merlini Foods, Joanna Yan, Chief Financial Officer of WH Group, Vice President of WH Group, Zhou Xiaoming. Today's presentation will be divided into two parts. First, we will present the financial and operational performance for the first three quarters of the year, followed by the Q&A session. So let me walk you through the company's performance in the first three quarters. In the first three quarters of 2025, packaged meat sold was 2.231 million metric tons, 2.2% decline year over year. Pork sold was 2.967 million metric tons, 8.4% increase year over year. Revenue declined. $20.47 billion, 8.5% higher than last year. EBITDA, $2.496 billion, 10.7% higher year-over-year. Operating profit, $1.92 billion, 7.3% higher year-over-year. Profit attributable to owners of the company, 1.168 billion U.S. dollars, 8% higher year over year. Basic earnings per share, 9.10 U.S. cents per share, 8% higher than last year. So in the first three quarters, the company has exhibited growth in volume, revenue, a...