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BGF리테일 KOSPI

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Notes Naver Finance

Meeting voting results

Annual 2026.03.26

Participation 75.3% Minority 49.2% Max. opposition 14.4% DART

1 제9기(2025.01.01~2025.12.31) 재무제표 및 이익잉여금 처분 승인의 건 Approved Approval 95.4%
2-1 집중투표제 배제 조항 삭제의 건 Approved Approval 99.9%
2-2 전자주주총회 도입 관련 변경의 건 Approved Approval 99.9%
2-3 이사의 충실의무 확대 관련 변경의 건 Approved Approval 99.9%
2-4 감사위원회 구성 강화의 건 Approved Approval 99.9%
2-5 사외이사의 명칭 변경의 건 Approved Approval 99.9%
2-6 부칙(2026.03.26. 개정) Approved Approval 99.9%
3-1 사내이사 민승배 선임의 건 Approved Approval 99.3%
3-2 사내이사 이윤성 선임의 건 Approved Approval 95.0%
4 감사위원회 위원이 되는 사외이사 신현상 선임의 건(감사위원이 되는 사외이사 1명) Approved Approval 85.6%
5 이사의 보수한도 승인의 건 Approved Approval 88.6%

Previous meeting results

Value-up disclosures

기업가치제고계획(자율공시) (2026년 이행현황)

2026.04.30 DART

핵심 목표: '28년 연결기준 매출 10조원, 영업이익 3,000억원, 주주환원율 40% 지향

주주환원: 이익 성장에 기반한 배당 규모 점진적 확대, 2025년 배당성향 36.3%

이행 일정: 2026년 이행현황 공시, 목표 달성 시점은 '28년

특이사항: 2025년 ROE 15.6%, 고배당기업 미해당

Financial indicators

Market cap

2.5T KRW

Approx. 2.5T KRW excluding treasury shares

PBR

1.88

PER

11.6

ROE

15.64%

Dividend yield

2.85%

Debt-to-equity ratio

170.8%

Share price history

Share price

Daily close

Latest close

5-year high

5-year low

Use the period buttons above to adjust the range.

Shareholder distribution

Based on 2025 Annual report (2025-12-31)

Controlling shareholders total

51.35%

Minority shareholders (excl. related parties)

35.26%

Large outside holders (1%+)

13.34% (19 people)

Treasury shares

0.05%

Total shareholders

19,886 people

Annual earnings Trend

Financial statements

Consolidated · includes subsidiaries

BGF리테일 — Annual Consolidated Financial statements
Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	9,387.4 × 100M KRW	5.8T KRW	5.9T KRW	6.2T KRW	6.8T KRW	7.6T KRW	8.2T KRW	8.7T KRW	9.1T KRW
Operating profit	265.2 × 100M KRW	1,895.2 × 100M KRW	1,966.2 × 100M KRW	1,622 × 100M KRW	1,994.4 × 100M KRW	2,524.1 × 100M KRW	2,531.9 × 100M KRW	2,516.4 × 100M KRW	2,539.5 × 100M KRW
Net income	279.8 × 100M KRW	1,541.9 × 100M KRW	1,513.8 × 100M KRW	1,227.1 × 100M KRW	1,476.4 × 100M KRW	1,935.4 × 100M KRW	1,958.4 × 100M KRW	1,952.2 × 100M KRW	1,952.6 × 100M KRW
Operating margin	2.82%	3.28%	3.31%	2.62%	2.94%	3.31%	3.09%	2.89%	2.80%
Balance sheet
Total assets	1.3T KRW	1.5T KRW	2.2T KRW	2.4T KRW	2.6T KRW	2.9T KRW	3.2T KRW	3.4T KRW	3.6T KRW
Total liabilities	8,887.1 × 100M KRW	9,609.1 × 100M KRW	1.5T KRW	1.7T KRW	1.8T KRW	2T KRW	2.1T KRW	2.2T KRW	2.2T KRW
Total equity	3,886.4 × 100M KRW	5,216.6 × 100M KRW	6,226 × 100M KRW	6,968.3 × 100M KRW	8,093.2 × 100M KRW	9,626.3 × 100M KRW	1.1T KRW	1.2T KRW	1.3T KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	7,687.9 × 100M KRW	7,707.9 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-3,460.3 × 100M KRW	-2,716 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-4,002.8 × 100M KRW	-4,094.2 × 100M KRW
Investment indicators
ROE	7.20%	29.56%	24.31%	17.61%	18.24%	20.11%	18.23%	16.49%	14.87%
Debt-to-equity ratio	228.67%	184.20%	248.93%	240.28%	220.81%	206.06%	199.60%	187.35%	170.83%
Separate total assets	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	KRW 11,203	KRW 11,337	KRW 11,301	KRW 11,303
PER	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-
Dividend per share	KRW 1,000	KRW 2,680	KRW 2,700	KRW 2,400	KRW 3,000	KRW 4,100	KRW 4,100	KRW 4,100	KRW 4,100
Detailed accounts
Current assets	-	6,960.7 × 100M KRW	-	-	8,083.3 × 100M KRW	-	-	1.1T KRW	1.2T KRW
Non-current assets	-	7,865 × 100M KRW	-	-	1.8T KRW	-	-	2.4T KRW	2.4T KRW
Current liabilities	-	7,636.9 × 100M KRW	-	-	1T KRW	-	-	1.3T KRW	1.3T KRW
Non-current liabilities	-	1,972.1 × 100M KRW	-	-	7,706 × 100M KRW	-	-	9,223 × 100M KRW	9,148.3 × 100M KRW
Equity attributable to owners	-	-	-	-	-	-	-	1.2T KRW	1.3T KRW
Share capital	-	172.8 × 100M KRW	-	-	172.8 × 100M KRW	-	-	172.8 × 100M KRW	172.8 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	3,216.5 × 100M KRW	3,216.5 × 100M KRW
Accumulated other comprehensive income	-	-	-	-	-	-	-	-81.7 × 100M KRW	-71.1 × 100M KRW
Retained earnings	-	1,603.1 × 100M KRW	-	-	4,456.8 × 100M KRW	-	-	8,309.5 × 100M KRW	9,588.2 × 100M KRW
Non-controlling interests	-	-	-	-	-	-	-	KRW 0	KRW 0

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

BGF리테일 — Quarterly Consolidated Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	2T KRW	2.2T KRW	2.3T KRW	2.2T KRW	2T KRW	2.3T KRW	2.5T KRW	2.3T KRW	2.1T KRW	2.4T KRW
Operating profit	326.3 × 100M KRW	762.1 × 100M KRW	911.6 × 100M KRW	516.4 × 100M KRW	226.3 × 100M KRW	694.2 × 100M KRW	976.3 × 100M KRW	642.7 × 100M KRW	381.1 × 100M KRW	848.5 × 100M KRW
Net income	-	-	-	-	-	-	-	-	-	-
Operating margin	1.67%	3.46%	3.92%	2.33%	1.12%	3.03%	3.97%	2.80%	1.80%	3.50%
Balance sheet
Total assets	3.2T KRW	3.2T KRW	3.3T KRW	3.4T KRW	3.3T KRW	3.4T KRW	3.6T KRW	3.6T KRW	3.5T KRW	3.6T KRW
Total liabilities	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.3T KRW	2.2T KRW	2.2T KRW	2.3T KRW
Total equity	1T KRW	1.1T KRW	1.2T KRW	1.2T KRW	1.1T KRW	1.2T KRW	1.3T KRW	1.3T KRW	1.3T KRW	1.3T KRW
Cash flow statement
Operating cash flow	1,058.6 × 100M KRW	2,587.4 × 100M KRW	1,740.1 × 100M KRW	2,301.8 × 100M KRW	632.8 × 100M KRW	2,476.7 × 100M KRW	3,362.9 × 100M KRW	1,235.5 × 100M KRW	1,018 × 100M KRW	2,488.5 × 100M KRW
Investing cash flow	-240.4 × 100M KRW	-666.8 × 100M KRW	-1,866.6 × 100M KRW	-686.5 × 100M KRW	-728.3 × 100M KRW	-663.6 × 100M KRW	-740.6 × 100M KRW	-583.6 × 100M KRW	-954.1 × 100M KRW	-1,363.5 × 100M KRW
Financing cash flow	-832 × 100M KRW	-1,505.2 × 100M KRW	-815.4 × 100M KRW	-850.1 × 100M KRW	-897.1 × 100M KRW	-1,568.2 × 100M KRW	-885.4 × 100M KRW	-743.4 × 100M KRW	-677.8 × 100M KRW	-1,397.5 × 100M KRW
Investment indicators
Debt-to-equity ratio	214.53%	198.63%	189.96%	187.35%	196.86%	187.51%	184.81%	170.83%	176.36%	170.11%
EPS	KRW 1,355	KRW 3,386	KRW 4,044	-	KRW 773	KRW 3,057	KRW 4,591	-	KRW 1,696	KRW 3,290
Detailed accounts
Current assets	9,821.6 × 100M KRW	9,980.4 × 100M KRW	9,685.8 × 100M KRW	1.1T KRW	9,771.6 × 100M KRW	1T KRW	1.2T KRW	1.2T KRW	1.1T KRW	1.2T KRW
Non-current assets	2.2T KRW	2.2T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.4T KRW	2.4T KRW
Current liabilities	1.2T KRW	1.2T KRW	1.2T KRW	1.3T KRW	1.3T KRW	1.3T KRW	1.4T KRW	1.3T KRW	1.3T KRW	1.3T KRW
Non-current liabilities	9,529.6 × 100M KRW	9,435.7 × 100M KRW	9,439 × 100M KRW	9,223 × 100M KRW	9,299.5 × 100M KRW	9,570.2 × 100M KRW	9,473 × 100M KRW	9,148.3 × 100M KRW	9,193.5 × 100M KRW	9,061.2 × 100M KRW
Equity attributable to owners	1T KRW	1.1T KRW	1.2T KRW	1.2T KRW	1.1T KRW	1.2T KRW	1.3T KRW	1.3T KRW	1.3T KRW	1.3T KRW
Share capital	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW	172.8 × 100M KRW
Capital surplus	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW	3,216.5 × 100M KRW
Accumulated other comprehensive income	4.4 × 100M KRW	19.9 × 100M KRW	-1.2 × 100M KRW	-81.7 × 100M KRW	-72.7 × 100M KRW	-85.8 × 100M KRW	-104.7 × 100M KRW	-71.1 × 100M KRW	-86.7 × 100M KRW	-118.4 × 100M KRW
Retained earnings	6,646.8 × 100M KRW	7,231.2 × 100M KRW	7,929.5 × 100M KRW	8,309.5 × 100M KRW	7,732.8 × 100M KRW	8,261.4 × 100M KRW	9,055.8 × 100M KRW	9,588.2 × 100M KRW	9,169.5 × 100M KRW	9,735.2 × 100M KRW
Non-controlling interests	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0	KRW 0

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Separate · this company only

BGF리테일 — Annual Separate Financial statements
Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	9,386.6 × 100M KRW	5.8T KRW	5.9T KRW	6.2T KRW	6.8T KRW	7.6T KRW	8.1T KRW	8.6T KRW	8.9T KRW
Operating profit	267.1 × 100M KRW	1,902.7 × 100M KRW	1,954.4 × 100M KRW	1,636.6 × 100M KRW	1,971.6 × 100M KRW	2,492.2 × 100M KRW	2,413.9 × 100M KRW	2,304.1 × 100M KRW	2,219.6 × 100M KRW
Net income	247.6 × 100M KRW	1,541.4 × 100M KRW	1,497.7 × 100M KRW	1,259 × 100M KRW	1,462.2 × 100M KRW	1,907 × 100M KRW	1,849.2 × 100M KRW	1,727.6 × 100M KRW	1,740.7 × 100M KRW
Operating margin	2.85%	3.30%	3.29%	2.65%	2.92%	3.29%	2.97%	2.68%	2.51%
Balance sheet
Total assets	1.2T KRW	1.4T KRW	2.1T KRW	2.3T KRW	2.5T KRW	2.9T KRW	3.1T KRW	3.3T KRW	3.4T KRW
Total liabilities	8,698.8 × 100M KRW	9,415.3 × 100M KRW	1.5T KRW	1.6T KRW	1.7T KRW	1.9T KRW	2.1T KRW	2.1T KRW	2.2T KRW
Total equity	3,611.7 × 100M KRW	4,943.2 × 100M KRW	5,935.9 × 100M KRW	6,714.6 × 100M KRW	7,821.4 × 100M KRW	9,312.6 × 100M KRW	1T KRW	1.1T KRW	1.2T KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	7,331.1 × 100M KRW	7,247.6 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-3,476.3 × 100M KRW	-2,489.9 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-3,869.4 × 100M KRW	-3,992.5 × 100M KRW
Investment indicators
ROE	6.85%	31.18%	25.23%	18.75%	18.69%	20.48%	17.89%	15.38%	14.13%
Debt-to-equity ratio	240.85%	190.47%	256.17%	243.77%	222.57%	206.80%	202.41%	191.20%	177.60%
Separate total assets	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	KRW 11,039	KRW 10,704	KRW 10,001	KRW 10,077
PER	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-
Dividend per share	KRW 1,000	KRW 2,680	KRW 2,700	KRW 2,400	KRW 3,000	KRW 4,100	KRW 4,100	KRW 4,100	KRW 4,100
Detailed accounts
Current assets	-	6,700.6 × 100M KRW	-	-	7,756.3 × 100M KRW	-	-	9,806.6 × 100M KRW	1.1T KRW
Non-current assets	-	7,657.9 × 100M KRW	-	-	1.7T KRW	-	-	2.3T KRW	2.3T KRW
Current liabilities	-	7,465.5 × 100M KRW	-	-	9,813.6 × 100M KRW	-	-	1.2T KRW	1.3T KRW
Non-current liabilities	-	1,949.8 × 100M KRW	-	-	7,594.6 × 100M KRW	-	-	9,045.3 × 100M KRW	9,033.5 × 100M KRW
Share capital	-	172.8 × 100M KRW	-	-	172.8 × 100M KRW	-	-	172.8 × 100M KRW	172.8 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	3,216.5 × 100M KRW	3,216.5 × 100M KRW
Accumulated other comprehensive income	-	-	-	-	-	-	-	-62.6 × 100M KRW	-35.6 × 100M KRW
Retained earnings	-	1,571.1 × 100M KRW	-	-	4,426.4 × 100M KRW	-	-	7,923.7 × 100M KRW	8,986.8 × 100M KRW

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

BGF리테일 — Quarterly Separate Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	-	-	-	-	-	-	-	-	2.1T KRW	-
Operating profit	-	-	-	-	-	-	-	-	340.1 × 100M KRW	-
Net income	-	-	-	-	-	-	-	-	-	-
Operating margin	-	-	-	-	-	-	-	-	1.64%	-
Balance sheet
Total assets	-	-	-	-	-	-	-	-	3.4T KRW	-
Total liabilities	-	-	-	-	-	-	-	-	2.2T KRW	-
Total equity	-	-	-	-	-	-	-	-	1.2T KRW	-
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	1,030.1 × 100M KRW	-
Investing cash flow	-	-	-	-	-	-	-	-	-673.3 × 100M KRW	-
Financing cash flow	-	-	-	-	-	-	-	-	-855.6 × 100M KRW	-
Investment indicators
Debt-to-equity ratio	-	-	-	-	-	-	-	-	181.82%	-
EPS	-	-	-	-	-	-	-	-	KRW 1,920	-
Detailed accounts
Current assets	-	-	-	9,806.6 × 100M KRW	-	-	-	1.1T KRW	1.1T KRW	-
Non-current assets	-	-	-	2.3T KRW	-	-	-	2.3T KRW	2.3T KRW	-
Current liabilities	-	-	-	1.2T KRW	-	-	-	1.3T KRW	1.3T KRW	-
Non-current liabilities	-	-	-	9,045.3 × 100M KRW	-	-	-	9,033.5 × 100M KRW	8,891 × 100M KRW	-
Share capital	-	-	-	172.8 × 100M KRW	-	-	-	172.8 × 100M KRW	172.8 × 100M KRW	-
Capital surplus	-	-	-	3,216.5 × 100M KRW	-	-	-	3,216.5 × 100M KRW	3,216.5 × 100M KRW	-
Accumulated other comprehensive income	-	-	-	-62.6 × 100M KRW	-	-	-	-35.6 × 100M KRW	-46.5 × 100M KRW	-
Retained earnings	-	-	-	7,923.7 × 100M KRW	-	-	-	8,986.8 × 100M KRW	8,607.3 × 100M KRW	-

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Legacy summaries and estimates; may include data with unverified accounting scope.

BGF리테일 — Annual Legacy summary & estimates Financial statements
Item	2017	2018	2019	2020	2021	2022	2023 Consolidated	2024 Consolidated	2025 Consolidated	2026 E
Income statement
Revenue	9,387.4 × 100M KRW	5.8T KRW	5.9T KRW	6.2T KRW	6.8T KRW	7.6T KRW	8.2T KRW	8.7T KRW	9.1T KRW	9.5T KRW
Operating profit	265.2 × 100M KRW	1,895.2 × 100M KRW	1,966.2 × 100M KRW	1,622 × 100M KRW	1,994.4 × 100M KRW	2,524.1 × 100M KRW	2,531.9 × 100M KRW	2,516.4 × 100M KRW	2,539.5 × 100M KRW	3,047 × 100M KRW
Net income	279.8 × 100M KRW	1,541.9 × 100M KRW	1,513.8 × 100M KRW	1,227.1 × 100M KRW	1,476.4 × 100M KRW	1,935.4 × 100M KRW	1,958.4 × 100M KRW	1,952.2 × 100M KRW	1,952.6 × 100M KRW	2,282 × 100M KRW
Operating margin	2.82%	3.28%	3.31%	2.62%	2.94%	3.31%	3.09%	2.89%	2.80%	3.21%
Balance sheet
Total assets	-	-	-	-	-	-	3.2T KRW	3.4T KRW	3.6T KRW	-
Total liabilities	8,887.1 × 100M KRW	9,609.1 × 100M KRW	1.5T KRW	1.7T KRW	1.8T KRW	2T KRW	2.1T KRW	2.2T KRW	2.2T KRW	-
Total equity	3,886.4 × 100M KRW	5,216.6 × 100M KRW	6,226 × 100M KRW	6,968.3 × 100M KRW	8,093.2 × 100M KRW	9,626.3 × 100M KRW	1.1T KRW	1.2T KRW	1.3T KRW	-
Investment indicators
ROE	7.20%	29.56%	24.31%	17.61%	18.24%	20.11%	18.23%	16.49%	14.87%	16.41%
Debt-to-equity ratio	228.67%	184.20%	248.93%	240.28%	220.81%	206.06%	199.60%	187.35%	170.83%	-
Separate total assets	-	-	-	-	-	-	3.1T KRW	3.3T KRW	3.4T KRW	-
EPS	-	-	-	-	-	KRW 11,203	KRW 11,337	KRW 11,301	KRW 11,303	KRW 13,222
PER	-	-	-	-	-	18.80×	11.59×	9.07×	11.26×	10.37×
PBR	-	-	-	-	-	3.78	2.11	1.50	1.63	1.61
Dividend per share	KRW 1,000	KRW 2,680	KRW 2,700	KRW 2,400	KRW 3,000	KRW 4,100	KRW 4,100	KRW 4,100	KRW 4,100	KRW 4,277

BGF리테일 — Quarterly Legacy summary & estimates Financial statements
Item	24/3 Consolidated	24/6 Consolidated	24/9 Consolidated	24/12 Consolidated	25/3 Consolidated	25/6 Consolidated	25/9 Consolidated	25/12 Consolidated	26/3 Consolidated	26/6 Consolidated
Income statement
Revenue	2T KRW	2.2T KRW	2.3T KRW	2.2T KRW	2T KRW	2.3T KRW	2.5T KRW	2.3T KRW	2.1T KRW	2.4T KRW
Operating profit	326.3 × 100M KRW	762.1 × 100M KRW	911.6 × 100M KRW	516.4 × 100M KRW	226.3 × 100M KRW	694.2 × 100M KRW	976.3 × 100M KRW	642.7 × 100M KRW	381.1 × 100M KRW	848.5 × 100M KRW
Net income	-	-	-	-	-	-	-	-	-	-
Operating margin	1.67%	3.46%	3.92%	2.33%	1.12%	3.03%	3.97%	2.80%	1.80%	3.50%
Balance sheet
Total assets	3.2T KRW	3.2T KRW	3.3T KRW	3.4T KRW	3.3T KRW	3.4T KRW	3.6T KRW	3.6T KRW	3.5T KRW	3.6T KRW
Total liabilities	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.2T KRW	2.3T KRW	2.2T KRW	2.2T KRW	2.3T KRW
Total equity	1T KRW	1.1T KRW	1.2T KRW	1.2T KRW	1.1T KRW	1.2T KRW	1.3T KRW	1.3T KRW	1.3T KRW	1.3T KRW
Investment indicators
Debt-to-equity ratio	214.53%	198.63%	189.96%	187.35%	196.86%	187.51%	184.81%	170.83%	176.36%	170.11%
EPS	KRW 1,355	KRW 3,386	KRW 4,044	-	KRW 773	KRW 3,057	KRW 4,591	-	KRW 1,696	KRW 3,290

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Property holdings

Total book value

8 × 100M KRW

Total assessed land value

9 × 100M KRW

Ratio to market cap

0.0%

Land

0 records

Buildings

0 records

Category	Location	Use	Area	Book value	Assessed land value
투자부동산 Unverified	Location unknown	임대용	-	8 × 100M KRW	9 × 100M KRW

Ownership structure

Is a listed company shown as unlisted?

Corporate shareholders

Corporate and institutional holders identified in collected disclosures. This is not a complete shareholder register. Reporting-group holdings may overlap with individual holdings.

Business report analysis

Analysis date 2026.05.25 23:46 | Based on 2025 Annual report

Unverified Original business report

사업 개요

BGF리테일은 편의점 브랜드 CU를 운영하는 편의점 연쇄화사업 회사입니다. CU는 1990년 1호점을 시작으로 전국 유통·물류 네트워크를 구축했으며, 국내 최초로 1만 8천 점포를 돌파했다고 기재되어 있습니다.
국내 편의점 사업을 중심으로 몽골, 말레이시아, 카자흐스탄, 2025년 하와이 호놀룰루 진출 등 글로벌 사업도 확대하고 있습니다.

주요 매출원

편의점: 2025년 매출 약 8조 8,581억원 (전체 매출의 100%). 2024년 약 8조 5,921억원, 2023년 약 8조 1,317억원입니다.

원가 구조 / 비용 특성

별도 기준 2025년 매출액은 약 8조 8,581억원, 매출원가는 약 7조 2,416억원으로 매출원가율은 약 81.7%입니다. 2024년 매출원가율 약 81.6%와 유사한 수준입니다.
별도 기준 영업이익은 2025년 약 2,220억원으로, 영업이익률은 약 2.5%입니다. 2024년 영업이익 약 2,304억원 대비 감소했습니다.

자회사

BGF네트웍스: 광고, 택배, 전자상거래
BGF로지스: 물류서비스
BGF푸드: 제조업
BGF휴먼넷: 인력용역
BGF Retail Hawaii Corp: 편의점운영업

Employees

3,130 people

Subsidiaries

5 items

Material subsequent events

해당사항 없음.

Articles of incorporation analysis

Analysis date 2026.06.20 20:25 | Last amended 2024.03.21

Unverified Original articles of incorporation

주주친화

이사회 성별 다양성 의무: 이사 전원을 특정 성의 이사로 구성하지 않도록 규정 (제31조③)
동등배당: 배당기준일 현재 발행 또는 전환된 동종 주식에 대해 발행일과 관계없이 동등하게 배당 (제15조)
중간배당: 회계연도 중 1회 이사회 결의로 중간배당 가능 (제48조)

주주비친화

집중투표제 명시적 배제: 상법 제382조의2에서 규정하는 집중투표제를 적용하지 않아 소수주주 이사 선임 가능성을 제한 (제32조①)
이사회 결의만으로 5,000억원 전환사채 제3자 배정: 긴급 자금조달·경영상 목적 등 사유로 주주 외의 자에게 발행 가능해 경영권 분쟁 시 우호지분 확보 수단이 될 수 있음 (제19조①)
이사회 결의만으로 5,000억원 신주인수권부사채 제3자 배정: 동일하게 주주 외의 자에게 발행 가능해 지분희석 및 우호지분 형성 위험이 있음 (제20조①)
이사 책임감경 조항: 주주총회 결의로 일반이사 보수액 6배, 사외이사 3배 초과 손해배상책임을 면제할 수 있어 주주대표소송의 실효성을 약화시킬 수 있음 (제36조)
이사 임기 3년 이내: 상법상 최장 범위인 3년까지 이사 임기를 정할 수 있음 (제33조①)

기타 주목 조항

감사위원 분리선임: 감사위원회 위원 중 1명은 다른 이사들과 분리하여 감사위원회 위원이 되는 이사로 선임 (제42조④)
의결권 제한 종류주식: 이사 및 감사위원 선임·해임, 정관 변경, 합병 등 주요 안건에 의결권이 없는 종류주식을 발행할 수 있음 (제10조②)
경영권 참여 시 전환 트리거: 특정인이 경영권 참여 목적으로 의결권 있는 주식 10% 이상을 보유하는 경우 회사가 종류주식 전환을 선택할 수 있음 (제12조⑤)

Board of directors

Number of directors

At least 3 people

Director term

3 years (Variable)

Staggered board

Weak

Cumulative voting

Separate chair and CEO

Gender diversity requirement

Yes

Director liability limitation

Exemption above 6.0×

Auditors

Number of auditors

At least 3 people

Auditor term

Shareholder meetings and dividends

Meeting notice period

14 days

Written voting

Electronic voting

Dividend record date

이사회 결의로 정하는 배당기준일

Third-party allotment limit by board resolution alone

Convertible bonds (CB)

5,000 × 100M KRW

Bonds with warrants (BW)

5,000 × 100M KRW

Compensation basis

Director: 이사의 보수는 주주총회의 결의로 그 총액한도를 정한다.
Retirement payments: 이사의 퇴직금은 주주총회의 결의를 거친 임원퇴직금 지급규정에 따른다.

Executive compensation

Based on 2025 Annual report

Total compensation

26 × 100M KRW

Executives

6 people

Average per executive

4 × 100M KRW

Total dividends

708 × 100M KRW

Compensation / dividends

0.0×

Controlling shareholders

Name	Relationship	Age	Ownership
비지에프	Self	-	30.00%
홍석조	Related party	-	7.36%
홍라영	Related party	-	5.33%
홍석현	Related party	-	3.17%
홍석준	Related party	-	1.71%
홍승연	Related party	-	1.46%
홍정환	Related party	-	1.20%
신연균	Related party	-	1.04%
류철한	최대주주의 임원	-	0.03%
서유승	기타법인임원	-	0.01%
송영민	계열회사임원	-	0.01%
양재석	계열회사임원	-	0.01%
(재)홍진기법률연구재단	Related party	-	0.01%
(재)비지에프복지재단	Related party	-	0.01%
유선웅	계열회사임원	-	0.00%
황환조	계열회사임원	-	0.00%
이윤성	계열회사임원	-	0.00%
윤현수	기타법인임원	-	0.00%
강상빈	기타법인임원	-	0.00%
한정완	기타법인임원	-	0.00%
임형근	계열회사임원	-	0.00%
김명수	계열회사임원	-	0.00%
임민재	계열회사임원	-	0.00%

Holders of 5% or more

Holder	Holding ratio	Shares held	Change in ownership	Reason for filing	Report type	Filing date
BGF	46.48%	8,033,298	0.00%	특별관계자 주요계약 변경	일반	2026-08-10
BGF	46.48%	8,033,298	-2.76%	[변동] 특별관계자 보유주식수 변동, 주식담보대출에 따른 담보권 실행 [변경] 주식담보대출 상환	일반	2026-06-23
BGF	49.24%	8,510,829	-1.04%	특별관계자 보유주식수 변동	일반	2026-05-29
BGF	50.28%	8,689,985	0.00%	특별관계자 변동	일반	2026-04-01
국민연금공단	8.31%	1,436,670	-1.00%	단순추가취득/처분	약식	2026-04-01
BGF	50.28%	8,689,885	-1.07%	특별관계자 보유주식수 변동 및 주요계약 변경	일반	2026-03-05
BGF	51.35%	8,875,733	0.00%	특별관계자 주요계약 변경	일반	2026-01-22
BGF	51.35%	8,875,733	-0.01%	특별관계자 변동	일반	2026-01-08
BGF	51.36%	8,877,574	-0.01%	특별관계자 변동	일반	2025-12-05
BGF	51.37%	8,879,377	0.00%	특별관계자 주요계약 변경	일반	2025-10-23
BGF	51.37%	8,879,377	-0.93%	특별관계자 보유주식수 변동 및 주요계약 변경	일반	2025-09-18
BGF	52.30%	9,039,377	0.00%	특별관계자 주요계약 변경	일반	2025-07-23
국민연금공단	9.31%	1,609,652	+1.04%	단순추가취득/처분	약식	2025-07-02
BGF	52.30%	9,039,377	0.00%	특별관계자 주요계약 변경	일반	2025-04-23
BGF	52.30%	9,039,377	+0.02%	특별관계자 변동	일반	2025-04-02
국민연금공단	8.27%	1,428,871	+1.02%	단순추가취득/처분	약식	2025-04-01
BGF	52.28%	9,035,819	-0.02%	특별관계자 변동 및 주요계약 변경	일반	2025-03-12
BGF	52.30%	9,039,377	0.00%	특별관계자 주요계약 변경	일반	2025-02-04
BGF	52.30%	9,039,377	-0.32%	특별관계자 변동 및 보유주식 수 변동	일반	2024-12-06
BGF	52.62%	9,095,317	0.00%	특별관계자 주요계약 변경	일반	2024-10-31
국민연금공단	7.25%	1,252,288	+0.02%	단순추가취득/처분	약식	2024-10-07
BGF	52.62%	9,095,317	-0.79%	특별관계자 보유주식수 변동 및 주요계약 변경	일반	2024-10-04
BGF	53.41%	9,231,054	0.00%	특별관계자 주요계약 변경	일반	2024-07-04
BGF	53.41%	9,231,054	0.00%	특별관계자 주요계약 변경	일반	2024-06-27
BGF	53.41%	9,231,054	0.00%	특별관계자 주요계약 변경	일반	2024-06-05
BGF	53.41%	9,231,054	0.00%	특별관계자 주요계약 변경	일반	2024-04-30
BGF	53.75%	9,290,233	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.75%	9,290,233	-0.28%	특별관계자 보유주식수 변동 특별관계자 변동	일반	2024-04-12
BGF	53.75%	9,290,233	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.41%	9,231,054	+0.01%	특별관계자 변동	일반	2024-04-12
BGF	53.40%	9,229,171	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.40%	9,229,171	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.40%	9,229,171	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.40%	9,229,171	0.00%	특별관계자 변동	일반	2024-04-12
BGF	53.40%	9,229,131	-0.06%	특별관계자 변동	일반	2024-04-12
BGF	53.46%	9,240,293	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.46%	9,240,293	0.00%	특별관계자 주요계약 변경	일반	2024-04-12
BGF	53.46%	9,240,293	-0.29%	특별관계자 보유주식수 변동	일반	2024-04-12
BGF	53.75%	9,290,293	0.00%	특별관계자 보유주식수 변동 특별관계자 주요계약 변경	일반	2024-04-12
국민연금공단	7.23%	1,250,168	-1.00%	단순추가취득/처분	약식	2024-04-02
JPMorganAssetManagement(AsiaPacific)Limited	4.38%	757,106	-1.27%	보유비율 변동	약식	2024-03-14

Major shareholders

Major shareholders (5 people)

Based on 2025 Business report

Name	Shares owned	Ownership	Relationship
BGF외	8,874,495	51.35%	용역 등
우리은행(국민연금고유)	784,492	4.53%	없음
EMPLOYEESPROVIDENTFUNDBOARD	553,852	3.20%	"
FIDELITYFUNDS	317,766	1.83%	"
NORGESBANK	262,096	1.51%	"

Auditors

Analysis date 2026.08.24 18:58

Auditor	Type	Term start	Term end	Tenure	D-day
백복현	Audit committee member	-	2025.03.28	5 years	Expired
한명관	Audit committee member	-	2025.03.28	5 years	Expired
최자원	Audit committee member	-	2028.03.26	4 years	D-507
조자영	Audit committee member	-	2028.03.26	1 years	D-507
차경환	Audit committee member	-	2028.03.26	1 years	D-507
신현상	Audit committee member	-	2029.03.26	3 years	D-872

Executives

Name	Position	Category	Age	Term end
조자영	이사	독립이사	Age 65	D-507
차경환	이사	독립이사	Age 57	D-507
신현상	이사	독립이사	Age 56	D-872
민승배	대표이사	독립이사	Age 55	D-872
이윤성	이사	독립이사	Age 50	D-872
최자원	이사	독립이사	Age 45	D-507
홍정국	이사	독립이사	Age 44	D-136

DART disclosures

Loading disclosures…

Activism & governance

Shareholder returns Importance 1 2026.10.07 08:30

BGF리테일, 실적과 주주환원 정책에 기업가치 재평가 기대

증권가에서는 BGF리테일의 실적 모멘텀과 적극적인 주주환원 정책을 기업가치 재평가 요인으로 평가했다. 일부 증권사는 목표주가를 상향 조정했다.

Shareholder perspective 회사의 환원 정책이 투자자 평가에 미치는 영향을 다룬 내용이지만, 정책의 구체적인 신규 변경이나 집행 사실은 제시되지 않았다.

BGF리테일 KOSPI

Meeting voting results Collapse Meeting voting results

Value-up disclosures Collapse Value-up disclosures

Financial indicators Collapse Financial indicators

Share price history 10 years 5 years 3 years 1 year 3 months 1 week Collapse Share price history

Shareholder distribution Collapse Shareholder distribution

Annual earnings Trend Collapse Annual earnings

Financial statements Collapse Financial statements

Consolidated

Separate

Legacy summary & estimates

Property holdings Collapse Property holdings

Ownership structure Collapse Ownership structure

Corporate shareholders Collapse Corporate shareholders

Business report analysis Collapse Business report analysis

사업 개요

주요 매출원

원가 구조 / 비용 특성

자회사

Articles of incorporation analysis Collapse Articles of incorporation analysis

주주친화

주주비친화

기타 주목 조항

Board of directors

Auditors

Shareholder meetings and dividends

Third-party allotment limit by board resolution alone

Compensation basis

Executive compensation Collapse Executive compensation

Controlling shareholders Collapse Controlling shareholders

Holders of 5% or more Collapse Holders of 5% or more

Major shareholders Collapse Major shareholders

Major shareholders (5 people)

Auditors Collapse Auditors

Executives Collapse Executives

DART disclosures Collapse DART disclosures

Activism & governance Collapse Activism & governance

BGF리테일, 실적과 주주환원 정책에 기업가치 재평가 기대

Meeting voting results

Value-up disclosures

Financial indicators

Share price history

Shareholder distribution

Annual earnings Trend

Financial statements

Property holdings

Ownership structure

Corporate shareholders

Business report analysis

Articles of incorporation analysis

Executive compensation

Controlling shareholders

Holders of 5% or more

Major shareholders

Auditors

Executives

DART disclosures

Activism & governance