SEOUL — Theborn Korea, a prominent South Korean food franchise operator, reported a reduced operating loss for the third quarter of the year, signaling progress in its ongoing profitability turnaround efforts.

According to the company's financial disclosures, the consolidated operating loss for the July-September period stood at 3.7 billion won, marking a 15% improvement from the 4.4 billion won loss recorded during the same period last year. Compared to the previous quarter's loss of 5.6 billion won, the deficit shrank by 33%.

Meanwhile, third-quarter revenue reached 850 billion won, a slight decrease of 2.7% year-on-year from 874 billion won. Net loss for the quarter widened by 63% to 4.3 billion won, compared to 2.7 billion won a year earlier.

For the first three quarters of the year, cumulative revenue totaled 247.8 billion won, down 9.0% from 272.3 billion won in the previous year. However, cumulative operating loss narrowed significantly by 34.7% to 13.5 billion won, while cumulative net loss decreased by 45.4% to 11.0 billion won.

Company officials explained that the financial results reflect a strategic shift toward bottom-line stabilization following heavy investments last year, which included extensive support funds allocated to help franchise owners navigate a sluggish dining industry.

Building on normalized operational activities this year, Theborn Korea is actively pursuing a broader transformation into a comprehensive food enterprise. Key growth initiatives include expanding global B2B and B2C markets using proprietary TBK sauces, diversifying restaurant meal replacement (RMR) product lines, and strengthening its overseas footprint across North America, Southeast Asia, China, Japan, and Europe. Furthermore, the company is exploring content intellectual property (IP) ventures and domestic new business opportunities.

"This year, our main focus is on enhancing profitability while maintaining steady operational performance," a company representative stated. "We will continue investing in global expansion and distribution infrastructure to successfully transition into a total food corporation."

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