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Samsung SDI (006400) investor relations material
Samsung SDI Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 revenue reached KRW 3,859 billion, up 26.4% QoQ and 2.8% YoY, with full-year 2025 revenue at KRW 13,267 billion, down 20% from 2024.
Q4 2025 operating loss was KRW 299 billion, narrowing from the previous quarter; full-year operating loss was KRW 1,722 billion.
Net loss for Q4 2025 was KRW 208 billion; full-year net loss was KRW 585 billion.
Asset base increased to KRW 42,255 billion, liabilities decreased to KRW 18,700 billion, and equity rose to KRW 23,570 billion, supported by a capital increase.
Financial highlights
Q4 battery revenue grew 28% QoQ to KRW 3.6 trillion, but operating loss was KRW 339 billion.
Electronic Materials Business Q4 revenue was KRW 237 billion with operating profit of KRW 39 billion.
Annual battery revenue fell 21% YoY to KRW 12.4 trillion, with an operating loss of KRW 1.9 trillion.
Gross margin improved to 21.0% in Q4 2025 from 5.5% in Q3 2025, but full-year margin dropped to 11.0% from 18.6% in 2024.
EBITDA rebounded to KRW 273 billion in Q4 2025 from -KRW 77 billion in Q3 2025.
Outlook and guidance
Sequential quarterly improvement expected in 2026, with a return to profit in the second half.
Global EV battery demand expected to grow 16% YoY in 2026, with ex-China growth at 6%.
ESS profitability to improve as U.S. local production ramps up and AMPC benefits increase.
Small battery sales to recover gradually; electronic materials to maintain solid growth.
US and EU battery competition to intensify due to lower US EV demand and stricter regulations on Chinese products.
- Revenue and profit fell YoY amid weak EV demand, but ESS and materials segments outperformed.006400
Q2 20242 Feb 2026 - Revenue and profit fell sharply, but ESS and electronic materials segments posted strong growth.006400
Q3 202418 Jan 2026 - FY24 losses were significant, but record ESS sales and tech progress support future growth.006400
Q4 20249 Jan 2026 - Q1 losses deepen on weak demand, but ESS and materials segments drive cautious Q2 optimism.006400
Q1 202521 Dec 2025 - Q2 loss and flat revenue amid weak demand; Q4 profit recovery expected with new launches.006400
Q2 20251 Nov 2025 - Q3 2025 saw deepening losses and weak battery sales, offset by a business sale boosting cash.006400
Q3 202528 Oct 2025
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