Namyang Dairy Products said on March 19 it returned to annual profitability last year on a consolidated basis, posting 914.1 billion won in revenue and 5.2 billion won in operating profit.

Its operating profit swung to a profit from a 9.8 billion won loss a year earlier. Net profit improved to 7.1 billion won from 250 million won over the same period, and revenue grew 4 percent year on year.

The company said the result came from restructuring its business around profitability to strengthen fundamentals over scale. Namyang Dairy Products has focused on restoring trust and normalising management based on compliance and ethical management since switching to the Hahn & Company system in January 2024.

Namyang Dairy Products said its profitability-focused strategy through a portfolio overhaul led the return to profit. It reorganised its product lineup last year and reduced low-profitability items. It also focused on strengthening the competitiveness of key brands such as protein drinks.

The company said it launched products including Takefit Max and Monster protein drinks, BulgariS unsweetened fermented milk and Choco Emong Mini (Mini) unsweetened to match the high-protein, low-sugar trend last year. It also launched French Cafe Cafe Mix Stevia goat milk protein, a premium coffee product. The company said Matcha Emong, launched last fall, drew a positive response from consumers and helped lay the groundwork for brand expansion. It also pursued channel diversification by strengthening online channels and expanding business-to-business (B2B) clients including cafes and catering.

On March 12, Namyang Dairy Products announced a 31 billion won shareholder returns plan reflecting the return to profit. It included an 8.2 billion won special dividend using funds related to the former owner family and a 3 billion won year-end dividend. It also plans a 20 billion won trust contract to buy back its own shares.

Namyang Dairy Products plans to push ahead this year with expanding its Asian export markets. For infant formula, it plans to strengthen its foothold in the ASEAN market centred on Cambodia, and to expand its market push in Vietnam through cooperation with local distributor Phuthai Group. For French Cafe Roastery cup coffee and Takefit protein drinks, it is expanding exports to Kazakhstan following Mongolia and Hong Kong, widening its reach across Asia.

The company plans to continue expanding its export countries and product lineup based on localisation strategies tailored to each country to strengthen the foundation for global growth.

A Namyang Dairy Products official said, "We achieved a return to annual profitability for the first time in 5 years through portfolio restructuring, channel diversification and operational efficiency." The official added, "This year, based on a strengthened profit structure, we will enhance the competitiveness of key brands at home and abroad and continue to raise corporate value through a management system rooted in consumer trust."