1. What Happened? Bioneer’s H1 2025 Performance

Bioneer achieved KRW 88.2 billion in revenue and KRW 5.2 billion in operating profit in H1 2025, marking a return to profitability. The probiotics business led the growth, contributing 93% of total revenue.

2. Why These Results? Analyzing the Turnaround

The global expansion of BNR17®, Bioneer’s core probiotics product, was the primary driver of revenue growth. The company also implemented cost management efforts to improve profitability.

3. What’s Next? Investment Outlook and Risk Analysis

Positive Factors:

  • High growth trajectory of the probiotics business
  • Growth potential of siRNA drug development and cosmeceutical businesses

Risk Factors:

  • Continued losses in the molecular diagnostics business
  • High debt-to-equity ratio
  • Uncertainty surrounding drug development
  • Foreign exchange volatility

4. What Should Investors Do? Investment Guide

Investing in Bioneer requires careful consideration of both the positive aspects and the risks. Investors should closely monitor clinical trial results for siRNA drug development, the turnaround strategy for the molecular diagnostics business, and the global performance of the probiotics and cosmeceutical businesses.