1. Nomus H1 2025 Performance: Solid Growth, But Q2 Slowdown

Nomus achieved significant year-over-year growth in H1 2025, with consolidated revenue of KRW 35.178 billion and operating profit of KRW 8.814 billion. International sales accounted for 54.22% of total revenue, highlighting the global popularity of K-Pop. However, preliminary Q2 results (revenue of KRW 16 billion and operating profit of KRW 4.2 billion) indicate a decline compared to Q1, raising concerns about slowing growth.

2. Nomus Growth Drivers: K-Pop and Fan Platform Potential

Nomus boasts a diversified business portfolio, leveraging artist IP through concerts, merchandise, the fan communication platform ‘fromm,’ and the online class content business ‘Wonderwall.’ ‘Fromm,’ in particular, holds significant growth potential, aligning with the expanding fan economy. The continued global expansion of K-Pop is also expected to support Nomus’s growth.

3. Nomus Investment Considerations: Competition, Artist Dependency, and FX Volatility

Investors should consider intensifying competition in the entertainment industry, potential earnings volatility due to reliance on specific artists, and foreign exchange risks due to high international sales. The potential continuation of the Q2 slowdown also warrants attention.

4. Nomus Investment Strategy: Long-Term Approach, Mitigating Short-Term Volatility

Nomus exhibits strong long-term growth potential, driven by the K-Pop market and its fan platform. However, a cautious approach is advised, considering short-term volatility and competitive landscape. Continuous monitoring of Q2 results and future growth outlook is crucial.