NRB, Inc

NRB, Inc

KKRX:475230
9,000.00
KRW
+330.00
(+3.81%)
293.93EPS
16.17P/E
90.07BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
514,195.64
9,189.94
6,887.5
6,476.79
7,014.61
Basic EPS, GAAP
-445,917.78
268
261
-58
514.41
Free Cash Flow per Basic Share
-1,180,724.13
-4,741.77
-772.83
-3,952.75
-5,174.01
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
-1,314.96
-647.9
3,809.13
7,897.58
8,927.22
Tangible Book Value per Share
-1,320.26
-667.16
3,787.5
7,878.41
8,898.47
Basic Weighted Avg Shares
- -
6
8
9
11
Sales/Revenue/Turnover
17,997
51,533
52,801
59,482
73,711
Operating Margin (%)
12.37
23.56
11.77
7.56
8.46
Depreciation Expense
1,463
9,719
17,494
15,086
11,406
Net Income, GAAP
-15,607
1,503
2,001
-533
5,406
Effective Tax Rate (%)
- -
58.57
- -
- -
1.09
Profit Margin (%)
-86.72
2.92
3.79
-0.9
7.33
Working Capital
-7,636
-54,377
-59,812
-39,360
-38,337
LT Debt
31,281
52,048
19,123
19,220
47,151
Total Equity
-13,711
-6,756
39,718
85,502
96,649
Return on Invested Capital (%)
- -
11.33
- -
- -
4.2
Return on Capital (%)
- -
8.12
- -
- -
4.31
Return on Common Equity (%)
- -
- -
- -
-0.85
8.04

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
42,289
36,085
34,640
LT Borrowings
18,944
47,851
46,823
LT Finance Leases
276
278
328
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
160,013
228,435
90,075

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28,159
30,647
33,469
Cash, Cash Equivalents & STI
11,382
6,697
6,616
Accounts Receivable, Net
4,567
4,934
4,763
Inventories
4,118
4,448
5,477
Total Current Liabilities
67,519
73,761
71,807
Payables & Accruals
- -
- -
- -
ST Debt
42,289
36,085
34,640
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
115.27%
Free Cash Flow
- -
- -
512.71%
Net Income, GAAP
- -
- -
-126.62%
Sales/Revenue/Turnover
- -
- -
12.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18,492
10,811
10,794
12,704
52,801
2025
10,678
12,106
10,898
25,800
59,482
2026
17,161
19,853
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
233
22
-74
100.42
261
2025
-105
-279
233.9
31.44
-58
2026
-300.6
548
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Keon-Woo Kang
Full Time Employees
69
Sector
Consumer durables
Industry
Homebuilding
Address
96 Gunsansandan-ro Gunsan-si NJ South Korea 54003
IPO Date
Jul 28, 2025
Website
and-rb.com
Business
NRB Inc. (KOSDAQ: 475230) operates as a pioneer in relocatable modular buildings in South Korea, specializing in the design, manufacture, and installation of prefabricated structures with a focus on circular modular business models emphasizing relocatability, reusability over 90%, and adaptability to diverse environments. The company offers core products including Bridge School relocatable modular school buildings (steel frame and precast concrete types with rigid frame structures), Bridge Stay precast concrete modular dormitories, Bridge Home high-rise PC modular apartments up to 22 stories, and modular solutions for educational, military, residential, and temporary facilities; it provides one-stop services encompassing business planning, product development and design, R&D with performance testing and IP registration, systematic factory manufacturing achieving 99% off-site production, on-site assembly, and post-installation maintenance through the NRB Asset Management System (NAMS). NRB maintains the largest domestic modular single factory spanning 102,480 square meters of site area in Gunsan-si, Jeollabuk-do, with operations centered in South Korea including a Seoul office in Gangnam-gu, and pursues international expansion via U.S. trademark filings for Bridge School. Founded in October 2019 and headquartered in Gunsan-si, South Korea, NRB serves public sector clients such as schools and government entities through catalog contracts with the Public Procurement Service, alongside private demand for emergency and sustainable construction needs. The company operates within the industrialized housing and modular construction segments, targeting educational institutions, military barracks, residential developments, and disaster-response facilities with certifications as permanent-building equivalents from the Ministry of Land, Infrastructure and Transport (MOLIT). In recent developments, NRB listed on the KOSDAQ Market in July 2025 following approval in April 2025 and raised KRW 5 billion in pre-IPO investment in December 2023 plus KRW 11.8 billion in Series A funding in April 2022 from Woori Venture Partners, KOSME, and others. It secured multiple MOLIT Industrialized Housing Certifications in 2025 for Ramen-Frame PC Modular (up to 30 stories, first for reinforced concrete), Concrete Technology for PC Modular Construction, and Steel Modular Housing in March 2024; acquired Seismic Performance Certification for PC Modular Joint and Concrete Technology Certification in 2024-2025. Additional milestones include expanded construction licenses (General Contractor for Civil & Architectural Works in June 2024, four Specialized Works categories in July 2024, House Construction in February 2024, Construction Engineering in January 2024), subsidiary rename to Bridge Architects Incorporated, Ltd. in December 2023, Seoul office relocation in November 2023, Inno-Biz certification and IPO preparation contracts in December 2022, and awards such as Grand Prize at Core Innovation Korea 2024 and Presidential Commendation for Regional Innovation Merit.