Binggrae posts 160 percent profit growth: what it means for Binggrae stock

Published on 10/02/2026 at 01:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached KRW 442.1 billion at a 15.8 percent margin. Binggrae stock has a KRW 90,000 average target from two analysts.

Binggrae, KR7005180005, Illustration mit AI erstellt.

Binggrae (KR7005180005) posted a 160 percent year-over-year jump in second-quarter operating profit, a result that puts merger-driven efficiency at the center of the investment case. As MK reported on September 2, 2026, operating profit rose to KRW 69.7 billion from KRW 26.8 billion in the prior-year quarter. The change gives Binggrae stock a clearer earnings anchor than its recent expansion headlines.

Profit recovery gains scale

Revenue reached KRW 442.1 billion in the second quarter of 2026, up 7.9 percent from KRW 409.6 billion a year earlier, according to KOSAI. Operating margin was 15.8 percent, while owners' net income reached KRW 56.4 billion.

The earnings mix matters. Binggrae returned to an operating profit of KRW 13.8 billion in the first quarter of 2026 after an operating loss of KRW 10.9 billion in the fourth quarter of 2025, according to KOSAI. The sequence shows that the second-quarter result was part of a recovery already visible before the peak summer season.

Merger efficiency meets exports

KOSAI reported that Binggrae's April 1, 2026 absorption merger with Haitai Ice Cream brought organizational, logistics and procurement integration into the second-quarter figures. Consolidated selling, general and administrative expenses fell 20.0 percent year over year to KRW 74.5 billion, while the company also benefited from frozen-product demand and exports.

MK reported that overseas sales and Haitai merger efficiencies supported Binggrae's second-quarter earnings surprise. KOSAI placed overseas revenue at 16 percent of sales in the first half of 2026, leaving domestic demand and raw-material costs as the main counterweights to the improvement.

Analyst target sets a test

According to Investing.com on September 18, 2026, two analysts set an average 12-month target of KRW 90,000, with targets ranging from KRW 80,000 to KRW 100,000. The target range makes sustained margin improvement and overseas growth measurable tests for the next reporting cycle.

Market value sets the frame

Binggrae had a market capitalization of KRW 752.4 billion as of October 1, 2026. On the Korea Exchange, its 52-week range was KRW 61,500.00 to KRW 96,000.00 on September 29, 2026, while the reported second-quarter operating profit provides the central comparison for the stock's valuation.