Hanwha Vision (489790) investor relations material

Executive summary

• Q3 revenue was KRW 573.4bn and operating income KRW 102.6bn; attributable net income was KRW 53.6bn versus a KRW 6.0bn loss a year earlier.

• 9M revenue reached KRW 1,557.1bn and operating income KRW 190.2bn, up from KRW 1,331.7bn and KRW 144.4bn in 9M 2025.

• Vision set a quarterly revenue record; Semitech returned to operating profit, with all three business divisions recording YoY revenue growth and operating profit for a second consecutive quarter.

Financial highlights

• Q3 revenue rose 35.7% YoY to KRW 573bn; operating profit increased 183.4% to KRW 103bn, with OPM of 17.9%.

• 9M gross profit was KRW 858.3bn versus KRW 718.2bn; SG&A was KRW 454.3bn and R&D expense KRW 213.8bn.

• 9M parent-attributable net income was KRW 114.9bn; basic EPS was KRW 2,275 versus a loss per share of KRW 358 in 9M 2025. Q3 EPS was KRW 1,060.

Segment performance

• Vision revenue was KRW 404bn, up 28.5% YoY; operating profit was KRW 65bn, up 79.9%, with OPM of 16.2%.

• Vision export revenue rose 31.1% to KRW 360bn; domestic revenue increased 10.8% to KRW 44bn.

• Semitech revenue was KRW 170bn, up 56.2%; operating profit was KRW 37bn, with OPM of 21.9%.

• SMT revenue rose 20.6% to KRW 64bn; machine tool revenue increased 29.4% to KRW 21bn and semiconductor equipment revenue grew 115.2% to KRW 85bn.

• 9M security segment revenue was KRW 2,102.3bn and operating income KRW 151.2bn before consolidation adjustments; industrial equipment recorded KRW 423.8bn revenue and KRW 45.0bn operating income.