Namyang Dairy has begun to step up shareholder-return policies, including bigger dividends and a special dividend, based on its return to profit. It plans to make this year the first year of entering a stable growth track.

Namyang Dairy held its 62nd annual general meeting of shareholders at its headquarters in Gangnam, southern Seoul, on Thursday. It shared the results of management normalisation, future growth strategies and measures to raise shareholder value, it said on March 27.

The meeting was chaired by Kim Seung-eon (김승언), Namyang Dairy's CEO and representative executive officer. In opening remarks, Kim said, "Last year was a meaningful year in which all employees moved forward based on a profitability-focused strategy, breaking a deficit structure that had continued for five years and achieving a return to profit."

Namyang Dairy posted 2025 consolidated sales of 914.1 billion won, operating profit of 5.2 billion won and net profit of 7.1 billion won. The company said its return to profit was mainly driven by a strategy to discontinue low-profit products and restructure its portfolio around competitiveness.

At the meeting, shareholders approved the 62nd-term financial statements and a proposal to increase dividends. The company set dividends at 1,428 won per common share and 1,433 won per preferred share. Total dividends were about 11.2 billion won, up about 1,250 percent from a year earlier.

The company also decided to return to shareholders the full 8.27 billion won deposited as restitution for losses related to embezzlement and breach of trust involving the former owner family, through a special dividend. The move is intended to restore corporate value damaged by past management issues and strengthen shareholder trust, along with a high dividend payout ratio of at least 40 percent. Namyang Dairy said it aims to substantially resolve past management risks through this shareholder return and reinforce a responsible management system.

At the meeting, key agenda items were approved as proposed, including approval of the financial statements, appointment of new directors, appointment of a new auditor and approval of the ceiling on directors' remuneration. Jung Joon-young (정준영), a vice president at Hahn & Company, was appointed as an outside non-executive director, and Oh Do-hwan (오도환), managing attorney at Kangmul Law Office, was appointed as auditor.

Kim said, "This year, we will make it the first year of entering a stable growth track through expanded sales centred on growth channels and categories and improved profitability." He added, "We will do our part to enhance shareholder value and restore market trust through larger dividends and the acquisition and cancellation of treasury shares."