Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 2

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 2
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 OPERATIONS4,119 2,625 5,273 2,540 Interest expense2,817 3,119 5,426 5,953 Other (income) expense, net(414)3,466 (591)3,372 Change in fair value of interest rate swap contracts685 (361)1,869 (2,331)Lease guarantee income— (5,433)— (5,548)INCOME (LOSS) BEFORE INCOME TAXES1,031 1,834 (1,431)1,094 Income tax expense (benefit)521 1,599 (411)1,418 NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)510 235 (1,020)(324)Less: net (loss) income attributable to noncontrolling interests(706)218 (591)353 NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HF FOODS GROUP INC.$1,216 $17 $(429)$(677)EARNINGS (LOSS) PER COMMON SHARE - BASIC$0.02 $— $(0.01)$(0.01)EARNINGS (LOSS) PER COMMON SHARE - DILUTED$0.02 $— $(0.01)$(0.01)WEIGHTED AVERAGE SHARES - BASIC52,969,037 52,585,715 52,853,982 52,370,842 WEIGHTED AVERAGE SHARES - DILUTED53,414,715 52,661,119 52,853,982 52,370,842 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.2

HF Foods Group Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) 

Six Months Ended June 30,20252024Cash flows from operating activities:Net loss$(1,020)$(324)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization expense14,019 13,266 Provision (credit) for expected credit losses618 (40)Deferred tax benefit(1,967)(824)Change in fair value of interest rate swap contracts1,869 (2,331)Stock-based compensation999