Namhwa Industrial

남화산업 · 111710

Consumer Discretionary Consumer Services · KOSDAQ

Small-cap

Market cap US$49.4M (₩68.1B)

Overview

Namhwa Industrial operates Muan Country Club, a public golf course complex in the South Jeolla region of South Korea, offering green fees, food and beverage service, golf-cart rentals, and on-site lodging.

Its customers are recreational golfers from the broader Gwangju and South Jeolla area. Listed on KOSDAQ, South Korea's tech and small-cap exchange, the company earns revenue across four streams, green fees, food and beverage, cart rentals, and hotel-style accommodation, making the golf facility itself the single core business.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$12.2M

▼ −19.0% YoY

Operating profit · FY2025

US$3M

▼ −48.9% YoY

Net income · FY2025

US$4.8M

▼ −39.0% YoY

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$17.9M(₩24.7B)	US$15M(₩20.7B)	US$12.2M(₩16.8B)
Operating profit	US$8.5M(₩11.8B)	US$5.8M(₩8B)	US$3M(₩4.1B)
Net income	US$12.8M(₩17.7B)	US$7.9M(₩10.9B)	US$4.8M(₩6.7B)

Revenue

FY2023US$17.9M
FY2024US$15M
FY2025US$12.2M

Operating profit

FY2023US$8.5M
FY2024US$5.8M
FY2025US$3M

Net income

FY2023US$12.8M
FY2024US$7.9M
FY2025US$4.8M

Key ratios (FY2025)

ROE

3.5%

Debt/Eq

7.1%

Op. margin

24.4%

Net margin

39.8%

Rev. YoY

▼ −19.0%

Why it matters

The company describes itself as the first golf-course operator to list on a Korean stock exchange, and holds a construction permit to expand its on-site resort and lodging facilities.

Price charts coming soon

Interactive price history isn't here yet. Would you use it?