GOLFZON (215000) Q2 2025 earnings summary

Executive summary

• Operates in screen golf and maintenance, with 18 consolidated subsidiaries as of June 2025, including recent acquisitions and business combinations.

• Main business lines: screen golf simulator sales, direct operation, and maintenance services, with a strong domestic and international presence.

• No significant changes in major shareholders, company name, or business focus in the last five years.

• Recent business developments include the acquisition of Golfzon Pastel and the full integration of Golfzon Cloud.

Financial highlights

• H1 2025 consolidated revenue: KRW 250.9 billion, down from KRW 342.8 billion in H1 2024.

• H1 2025 operating income: KRW 46.5 billion, down from KRW 57.2 billion in H1 2024.

• H1 2025 net income: KRW 28.2 billion, down from KRW 35.6 billion in H1 2024.

• Cash and cash equivalents at June 2025: KRW 100.7 billion, down from KRW 133.7 billion at December 2024.

• H1 2025 EPS: KRW 5,300 (basic and diluted), compared to KRW 8,190 for FY2024.

Outlook and guidance

• Management expects continued growth in screen golf and maintenance, with ongoing R&D and product innovation.

• Market expansion efforts focus on overseas subsidiaries and new product launches.

• No formal forward-looking financial guidance disclosed.