NH Nongwoobio (054050) Q4 2024 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 144.7 billion in FY2024, up 6.5% year-over-year, with operating income of KRW 11.1 billion, a 24.1% increase from the previous year.

• Net income attributable to owners was KRW 10.8 billion, up 5.7% year-over-year.

• Maintained a strong financial structure with a debt ratio of 20.9% and equity ratio of 79.1%.

• The company leads the domestic vegetable seed market with a 19.4% share and holds significant positions in the substrate (growing media) market.

Financial highlights

• Consolidated revenue: KRW 144.7 billion (+6.5% YoY); operating income: KRW 11.1 billion (+24.1% YoY); net income: KRW 10.9 billion (+5.7% YoY).

• Gross profit margin: 49.7%; operating margin: 7.7%.

• Cash and cash equivalents at year-end: KRW 39.8 billion.

• Dividend per share proposed at KRW 220, with a payout ratio of 32.3%.

Outlook and guidance

• Plans to continue expanding global sales and invest in R&D for high-value crop varieties.

• Focus on strengthening overseas subsidiaries and enhancing local market presence.

• No significant new business or M&A activity planned.