Nongshim (004370) Q3 2025 earnings summary

Executive summary

• Consolidated sales rose 2.4% year-over-year in Q3 2025, with overseas sales up 14.4% and domestic sales down 2.1%.

• Gross profit margin improved to 29.9% from 27.9% year-over-year, and operating profit increased from KRW 38bn to KRW 54bn.

• Net profit grew from KRW 37bn to KRW 51bn compared to the same quarter last year.

Financial highlights

• Consolidated sales reached KRW 871bn, up from KRW 850bn year-over-year.

• Gross profit increased to KRW 260bn, and operating profit rose to KRW 54bn.

• SG&A expenses increased slightly as a percentage of sales, with higher transportation and service contract costs but lower advertising expenses.

• Net profit margin improved to 5.8% from 4.3% year-over-year.

Outlook and guidance

• Overseas subsidiaries are expected to continue driving growth, especially in China, Japan, Australia, and Vietnam.

• Domestic sales may face challenges due to moderated beverage performance and temporary export declines.