Nongshim (004370) Q4 2025 earnings summary

Executive summary

• Consolidated sales rose 2.2% year-over-year to KRW 3,514bn, with overseas sales up 10.5% and domestic sales up 1.0%.

• Growth was driven by core domestic businesses (noodles, snacks) and strong overseas performance, especially in China, Japan, Australia, and Vietnam.

• Export business sales declined due to distributor restructuring and the establishment of Nongshim Europe B.V.

Financial highlights

• Gross profit increased to KRW 1,019bn (margin 29.0%), up from KRW 966bn (28.1%) year-over-year.

• Operating profit rose to KRW 184bn (margin 5.2%), up from KRW 163bn (4.7%) year-over-year.

• Net profit increased to KRW 170bn (margin 4.8%), up from KRW 158bn (4.6%) year-over-year.

• SG&A expenses increased to KRW 835bn (23.8% of sales), with notable rises in labor and welfare costs.

Outlook and guidance

• Continued focus on expanding overseas markets and optimizing distribution, especially in Europe.

• Ongoing efforts to strengthen core brands and adapt to changing consumer sentiment and competition.