NH Nongwoobio (054050) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was KRW 82.5 billion, with seeds accounting for 79.9% and soils/agri-inputs 20.1%.

• Operating income for H1 2026 was KRW 7.87 billion, with net income at KRW 9.60 billion.

• The company maintains a strong R&D focus, investing over 10% of sales in research.

• The company is part of a large cooperative group, with stable majority ownership by Nonghyup Economic Holdings.

Financial highlights

• H1 2026 consolidated revenue: KRW 82.5 billion, down from KRW 158.8 billion in FY2025.

• H1 2026 operating income: KRW 7.87 billion; net income: KRW 9.60 billion.

• Basic EPS for H1 2026: KRW 600 (consolidated), KRW 590 (separate).

• Cash and cash equivalents at June 30, 2026: KRW 36.3 billion.

• Dividend paid in H1 2026: KRW 4.01 billion (KRW 250 per share).

Outlook and guidance

• The company plans to continue expanding global sales networks and invest in high-value crop R&D.

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

• Dividend policy targets a payout ratio of ~32% of net income, balancing growth investment and shareholder returns.