NuriFlex Co.Ltd.

NuriFlex Co.Ltd.

KKRX:040160
4,745.00
KRW
+175.00
(+3.83%)
-502.15EPS
114.35BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,349.18
3,434.15
5,067.76
4,380.79
10,022.55
16,238.81
12,687.2
9,684.96
7,574.52
10,947.96
11,739.71
11,434.34
8,989.29
8,637.46
Basic EPS, GAAP
578
132
385
554
-498
1,002
761
252
773
55
260
-367
-578
-497.82
Free Cash Flow per Basic Share
-720.21
-294.05
-558.53
956.96
-1,073.21
246.97
1,084.64
425.36
-66.25
752.38
2,103.23
-1,654.7
-154.32
-448.62
Dividend per Share
- -
- -
- -
- -
- -
- -
50.25
50.9
- -
- -
- -
49.95
- -
- -
Book Value per Share
3,244.23
3,366.42
4,131.43
4,689.68
4,194.83
5,200.41
5,908.45
6,160.81
6,978.1
7,039.21
7,303.62
6,856.62
6,130.52
6,299.01
Tangible Book Value per Share
2,604.45
2,591.08
3,450.75
3,958.97
2,776.42
3,989.34
4,824.74
5,189.73
6,126.83
6,605.44
7,198.84
6,766.79
6,055.75
6,223.11
Basic Weighted Avg Shares
11
11
12
12
12
12
12
11
11
11
11
11
11
11
Sales/Revenue/Turnover
37,450
38,852
58,420
51,324
117,559
190,386
147,947
109,996
85,583
124,720
132,719
129,314
101,571
97,855
Operating Margin (%)
5.58
3.26
15.01
15.42
1.77
9.2
7.85
3.58
6.44
6.88
1.49
-6.3
-5.99
-9.82
Depreciation Expense
3,402
2,095
2,018
1,734
4,309
3,961
3,824
4,379
4,086
4,131
2,610
2,233
2,257
2,352
Net Income, GAAP
6,463
1,493
4,438
6,490
-5,841
11,748
8,874
2,862
8,734
627
2,939
-4,151
-6,531
-5,640
Effective Tax Rate (%)
- -
11.36
3.82
- -
- -
32.34
14.56
- -
- -
80.01
- -
- -
- -
- -
Profit Margin (%)
17.26
3.84
7.6
12.65
-4.97
6.17
6
2.6
10.21
0.5
2.21
-3.21
-6.43
-5.76
Working Capital
6,850
4,865
14,154
17,437
13,149
23,898
21,584
19,191
36,081
27,266
43,184
37,376
-11,394
-13,129
LT Debt
2,565
- -
- -
- -
16,726
10,590
27
11,501
13,137
2,995
1,281
84
74
59
Total Equity
38,089
39,494
48,440
54,986
49,186
60,971
68,325
69,625
78,866
79,471
82,415
77,518
70,655
72,759
Return on Invested Capital (%)
- -
2.2
15.52
- -
- -
13.16
10.09
- -
- -
1.77
- -
- -
- -
- -
Return on Capital (%)
- -
4.34
8.52
- -
- -
14.23
10.33
- -
- -
0.97
- -
- -
- -
- -
Return on Common Equity (%)
18.62
3.86
10.1
12.56
-11.22
21.34
13.73
4.15
11.77
0.79
3.63
-5.19
-8.81
-7.53

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
29,724
32,876
34,433
LT Borrowings
- -
- -
- -
LT Finance Leases
29
74
59
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
12
12
Market Capitalization
42,876
43,444
114,351

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
107,189
64,152
61,789
Cash, Cash Equivalents & STI
22,166
26,162
24,691
Accounts Receivable, Net
51,088
13,714
8,889
Inventories
18,371
18,242
18,157
Total Current Liabilities
76,561
75,546
74,918
Payables & Accruals
- -
- -
- -
ST Debt
29,724
32,876
34,433
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.38%
0.59%
-8.85%
Free Cash Flow
-178.69%
-290.5%
-90.68%
Net Income, GAAP
-23.95%
59.52%
57.35%
Sales/Revenue/Turnover
13.68%
1.19%
-21.45%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,718
30,281
61,844
22,471
129,314
2025
18,733
20,373
22,088
40,378
101,571
2026
15,016
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-221
-297
320
-169.56
-367
2025
-28
-412.62
-21.1
-116.68
-578
2026
50.66
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
49.95
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jeong-Hoon Han
Full Time Employees
99
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Seoul South Korea
IPO Date
Aug 29, 2000
Business
NuriFlex Co., Ltd. is a South Korea-based technology provider specializing in Advanced Metering Infrastructure (AMI), Internet of Things (IoT) energy platforms, and digital transformation solutions. Founded in 1992 and headquartered in Seoul, South Korea, the company is listed on the KOSDAQ under the ticker 040160 and operates as a flagship operating company within the Nuri Group under parent holding company NuriFlex Holdings Inc. The company operates across four primary business segments: Smart Grid and Power IoT, Energy Management and Renewables, Smart Logistics and Auto-ID, and Telecommunications and Digital Solutions. Its product and service portfolio comprises: the proprietary AIMIR Advanced Metering Infrastructure suite, encompassing bidirectional smart meters for electricity, water, and gas utilities; wired and wireless communication modems supporting Mesh RF, Wi-SUN, ZigBee, Power Line Communication (PLC), and cellular networks; Data Concentrator Units (DCUs) and Meter Data Management System (MDMS) software for real-time data acquisition, billing administration, and prepayment management; Energy Management Systems (EMS), Virtual Power Plant (VPP) software, and Energy Storage System (ESS) integration for industrial facilities and microgrids; proprietary GET (Green Energy Tech) Control energy optimization systems; barcode readers, RFID equipment, and automated asset-tracking systems for industrial supply chains; Electronic Bill Presentment and Payment (EBPP) platforms; and carrier-grade Voice over Internet Protocol (VoIP) telephony hardware and communication gateway devices. NuriFlex Co., Ltd. serves municipal utilities, national power authorities, public institutions, telecommunications carriers, and commercial enterprises across Asia, Europe, Africa, and North America, with active deployments and regional subsidiaries in South Korea, Vietnam, Ghana, South Africa, Norway, Sweden, and Canada. The company collaborates with affiliated group entities, including Nuri Voice, Nuri Vista, Nuri Bill, and NuriFlex Vietnam. In recent major strategic developments, the company completed a corporate rebranding from Nuri Telecom Co., Ltd. to NuriFlex Co., Ltd. to reflect its strategic diversification into clean energy technologies, smart infrastructure, and digital platforms. The company has expanded its operational footprint in Southeast Asian renewable energy markets through strategic rooftop solar and energy management partnerships with organizations such as SP Group, SkyX Solar, and TKG Taekwang Vina. Additionally, NuriFlex has deepened its technological collaborations through the Nessum Alliance to deploy next-generation high-speed communication standards for smart utility grids and energy IoT ecosystems globally.