Hf Foods Group Inc

hffoodsgroup.com

What Do They Do?

Distributes fresh produce, frozen and dry food, and non-food products to Asian restaurants and other foodservice customers.

How Do They Make Money?

Seafood customers buy frozen seafood, and HF Foods also sells other food and non-food products; orders are delivered, with payment typically due within thirty days or less of invoice.

revenue

Segment	Share	How money arrives
Seafood Sold outright	36% FY2022: 30%	Sold outright
Meat and Poultry Sold outright	22% FY2022: 20%	Sold outright
Asian Specialty Sold outright	18% FY2022: 26%	Sold outright
Commodity Sold outright	10% FY2022: 5.8%	Sold outright
Produce Sold outright	9.2% FY2022: 11%	Sold outright
Packaging and Other Sold outright	4.7% FY2022: 7.2%	Sold outright

Who Are Their Customers?

Primarily Asian restaurants, along with other foodservice customers, are served through a call center that takes orders and a U.S. sales team that visits restaurants.

Do Revenues Turn Into Profits?

Not on paper. It lost $38.8M in FY2025, but brought in more cash than it spent: $6.6M of free cash flow.

Operating income, FY2025

−3% of revenue

▼ −16% (Loss) vs FY2024 (−$39.1M, −3%)

Net income, FY2025

−3% of revenue

▼ −20% (Loss) vs FY2024 (−$48.5M, −4%)

Free cash flow, FY2025

1% of revenue

▼ −35% vs FY2024 ($10.1M, 1%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +3%; vs $314.9M in Q2 FY2025
Net income: ▲ +112%; vs $1.2M in Q2 FY2025

Seafood share of revenue vs 35.6% in Q2 FY2025

Sep 3, 2026 HF Foods completed its acquisition of Searay Foods Searay is a Canadian importer and distributor of ethnic and specialty frozen seafood; the deal establishes HF Foods’ first platform in Canada.

Growing. Revenue grew 54% in 4 years, from $796.9M in FY2021 to $1.2B in FY2025, about 11% a year.

Broader customer reach The older report describes the business as primarily serving Chinese restaurants; the latest describes a broader base of Asian restaurants and other foodservice customers and plans to pursue adjacent ethnic and specialty segments.

Revenue over time

Seafood Meat and Poultry Asian Specialty Commodity Produce Packaging and Other

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Sysco, US Foods, and Performance Food Group

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