1. NFC’s 2025 Half-Year Results: What Happened?

NFC recorded sales of KRW 28.09 billion in the first half of 2025, marking a return to growth compared to the same period last year. The finished goods business segment showed particularly noticeable growth, achieving sales of KRW 16.74 billion. Operating profit turned to black, signaling a successful turnaround. Financial soundness also improved, with decreases in inventory assets and debt ratio, and an increase in net income.

2. Analysis of Performance Changes: Why These Results?

The strong performance of the finished goods business segment is attributed to the enhanced competitiveness of special formulation products and efforts to expand into overseas markets. The turnaround in operating profit is due to streamlined SG&A expenses and the growth of the finished goods business. Proprietary technological competitiveness, including MLV stabilization technology and high-content ceramide stabilization technology, also had a positive impact.

3. Future Outlook and Investment Strategies: What Should We Do?

While NFC shows the potential for a turnaround, the sluggish performance of the materials business and intensified competition remain risk factors. Future stock prices will depend on the continued growth of the finished goods business, the possibility of recovery in the materials business, and the ability to respond to changes in the macroeconomic environment.

4. Action Plan for Investors

  • Positive Factors: Growth of finished goods business, technological competitiveness, improvement in financial soundness
  • Risk Factors: Sluggish performance of materials business, intensified competition, macroeconomic variables

Investment decisions require comprehensive consideration of these factors and continuous monitoring of company trends.