NH Nongwoobio (054050) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was KRW 119.6 billion, with operating income of KRW 14.5 billion and net income of KRW 13.3 billion, reflecting a year-over-year decline from 2024’s comparable period.

• The business is primarily composed of seed (81.8% of sales) and agricultural materials (18.2%), with a strong domestic and international presence.

• The company maintains a robust R&D program, investing over 10% of sales in research, and holds a leading domestic market share in vegetable seeds.

• The company is part of the NH/Nonghyup group, with the largest shareholder holding 57.91% of shares.

Financial highlights

• Consolidated revenue for 2025 Q1–Q3: KRW 119.6 billion (down from KRW 144.7 billion in 2024 Q1–Q3).

• Operating income: KRW 14.5 billion (up from KRW 11.1 billion in 2024 Q1–Q3).

• Net income: KRW 13.3 billion (up from KRW 10.9 billion in 2024 Q1–Q3).

• Gross margin improved to 47.4% from 44.2% year-over-year.

• Basic EPS for the period: KRW 826 (up from KRW 676 in 2024 Q1–Q3).

Outlook and guidance

• The company plans to continue expanding its global footprint and invest in R&D to develop high-value, disease-resistant varieties.

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