NH Nongwoobio (054050) Q2 2025 earnings summary

Executive summary

• The company operates globally in the vegetable seed and agricultural materials sector, with a strong focus on R&D and international expansion through subsidiaries in China, the US, India, Indonesia, Myanmar, and Turkey.

• For the first half of 2025, consolidated sales reached KRW 80.7 billion, with seeds accounting for 79.9% and agricultural materials for 20.1%.

• The company maintains a leading domestic market share in vegetable seeds and is among the top players in the domestic agricultural materials market.

Financial highlights

• Consolidated revenue for H1 2025 was KRW 80.7 billion, down from KRW 144.7 billion in FY2024.

• Operating income for H1 2025 was KRW 10.8 billion, with net income at KRW 9.0 billion.

• Gross margin remained robust, and basic EPS for H1 2025 was KRW 558.

• Cash and cash equivalents at period-end were KRW 33.7 billion.

• Dividend payout for H1 2025 was KRW 3.5 billion, with a payout ratio of 32.3%.

Outlook and guidance

• The company plans to continue investing over 10% of sales in R&D to develop high-value, disease-resistant varieties and expand global market share.

• No significant new business lines or M&A activities are planned; focus remains on core seed and agricultural materials businesses.