Green Plus announced that it recorded consolidated revenue of 105.7 billion won in 2025. This represents an increase of approximately 20.5% compared to 2024. The company explained that the overall revenue growth was influenced by a 41% increase in revenue from the smart farm business segment and a more than 20% increase in revenue from subsidiaries during the same period.
However, operating profit fell short of expectations due to temporary losses in the aluminum business segment. The results reflected a 31% increase in aluminum raw material prices and the suspension of some sales from September to December of last year due to tariff issues related to electric vehicles.
The company also carried out a 'Big Bath' to improve its financial structure by reflecting impairment losses of approximately 16 billion won for its consolidated subsidiaries. Through this, the company plans to lay the foundation for future financial stability and the improvement of its profit structure.
Green Plus is also pursuing entry into the smart farm market in the Middle East. This strategy takes into account the expanding demand for smart farms in the region due to changes in the international situation and food security issues.
The company recently completed infrared (IR) blocking coating technology that it has been developing since 2024 and plans to conduct demonstration tests by applying the technology to a local smart farm facility in the United Arab Emirates (UAE) established in 2023. Based on the test results, the company plans to secure intellectual property rights, such as patents, and expand commercialization in the Middle East and regions adjacent to the equator.
"We currently have a smart farm order backlog worth approximately 60 billion won, which is the largest amount since the company's founding," a company official said. "As most of the volume is expected to be reflected in revenue in 2026, there is a possibility of performance improvement along with the expansion of our overseas smart farm business."
Meanwhile, as climate change and food security issues gain prominence, the smart farm industry is seeing a trend of expanding investment in smart agricultural infrastructure and the adoption of technology, centered on the Middle East and Southeast Asia.
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