BHI (083650) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ₩135.3 billion, up 85% year-over-year from ₩73.1 billion in Q1 2024.

• Operating income rose to ₩12.4 billion from ₩3.5 billion year-over-year.

• Net income attributable to controlling interests was ₩8.7 billion, up from ₩6.0 billion year-over-year.

• Cash and cash equivalents at quarter-end were ₩42.9 billion, up from ₩17.6 billion at the previous year-end.

Financial highlights

• Gross profit margin improved to 16.8% from 15.5% year-over-year.

• Total assets increased to ₩659.0 billion from ₩524.8 billion at the previous year-end.

• Total liabilities rose to ₩534.5 billion from ₩408.3 billion at the previous year-end.

• Equity increased to ₩124.5 billion from ₩116.4 billion at the previous year-end.

• Basic and diluted EPS were ₩281, up from ₩194 year-over-year.

Outlook and guidance

• Management notes that events after May 14, 2025, could impact the financials, but no specific forward guidance is provided.