Xenofocus "Subsidiaries' Earnings Soar... NPY and Vitamin K2 Drive Performance"

Genofocus announced on the 21st that the first half performance of its subsidiary GF Permantec significantly improved, driven by increased sales of Acetyl Phytosphingosine (NPY) and Vitamin K2.

GF Permantec recorded first half sales of 9.7 billion KRW and operating profit of 2.5 billion KRW, representing a 98% increase and a return to profitability compared to the same period last year. Net profit also rose 243% year-on-year to 2.4 billion KRW.

By product, sales of NPY, a key ingredient in ceramide, a high-functional cosmetic material, increased more than fourfold compared to the same period last year, achieving results close to the entire previous year's performance in just half a year. Vitamin K2 and nattokinase also showed steady sales growth, contributing to the overall performance. The company believes it is benefiting from the strong export trend of K-Beauty. Additional sales growth is expected through expanding the application fields of NPY based on its efficacy.

GF Permantec, which possesses advanced purification technology, succeeded in producing ultra-high purity NPY of over 96%, becoming the second company in the world to do so. Ceramide produced from NPY is effective in restoring damaged skin barriers and maintaining high skin moisture levels. It also has efficacy in alleviating skin aging and skin inflammation such as atopic dermatitis.

GF Permantec is also the only domestic producer of natural Vitamin K2. Using supercritical extraction technology, it produces Vitamin K2 with over 99.9% active ingredients in the body. Since being recognized as a health functional food ingredient domestically, sales of Vitamin K2 have been increasing. Recently, health functional food companies have been actively launching products utilizing Vitamin K2. Exports to overseas markets such as the United States and Southeast Asia are steadily increasing, raising expectations for additional growth in the second half of the year. Furthermore, natural vitamin materials are mainly supplied to premium eco-friendly products, and with the increasing preference for eco-friendly products among domestic consumers, stable growth in domestic sales is anticipated.

A Genofocus official stated, “GF Permantec has entered a full-fledged growth trajectory with overwhelming competitiveness secured through excellent technology and large-scale state-of-the-art production facilities,” adding, “The performance in July and August is also strong, centered on NPY and Vitamin K2, so the outlook for the second half of the year is bright.”

This content was produced with the assistance of AI translation services.