NH Nongwoobio (054050) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was KRW 36.4 billion, with operating income of KRW 5.4 billion and net income of KRW 6.4 billion, reflecting a decrease from the previous year’s Q1 results.

• The business is primarily focused on vegetable seeds and agricultural materials, with seeds accounting for 81.6% of sales and agricultural materials 18.4%.

• The company maintains a strong market position domestically, with a 20.7% share in the Korean vegetable seed market and notable presence in the agricultural materials sector.

Financial highlights

• Q1 2026 consolidated revenue: KRW 36.4 billion (down from KRW 37.4 billion in Q1 2025).

• Operating income: KRW 5.4 billion (down from KRW 7.6 billion in Q1 2025).

• Net income: KRW 6.4 billion (down from KRW 6.5 billion in Q1 2025).

• Basic EPS: KRW 400 (Q1 2025: KRW 403).

• Cash and cash equivalents at period end: KRW 32.2 billion.

• Total assets: KRW 360.5 billion; total equity: KRW 283.6 billion.

Outlook and guidance

• The company plans to continue investing in R&D, targeting high-value crop development and global market expansion.

• No new business lines or significant changes in business direction are planned.

• Dividend policy remains stable, with a payout ratio of 32.6% for the previous year.