GOLFZON (215000) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 was ₩619.98 billion, down 9.5% year-over-year; net income attributable to owners was ₩49.81 billion, a 37.4% decrease from the prior year.

• Operating income fell to ₩95.83 billion, a 16.3% decrease year-over-year.

• The company maintained a strong cash position with ₩133.66 billion in cash and cash equivalents at year-end.

Financial highlights

• Gross profit margin was 44.4%, down from 45.9% in 2023.

• EPS (basic) was ₩8,190, compared to ₩12,973 in 2023.

• Total assets at year-end were ₩665.50 billion, with total equity of ₩446.70 billion.

• Dividend per share was ₩4,500, unchanged from the previous year.

Outlook and guidance

• Management expects continued growth in the screen golf and maintenance segments, with ongoing investment in R&D and new business areas.

• Expansion into new business lines such as comprehensive construction and electric mobility is expected to support future revenue streams.