BHI (083650) Q3 2025 earnings summary

Executive summary

• Consolidated financial statements for the nine months ended September 30, 2025, were reviewed and found to be fairly presented under K-IFRS 1034, with no material misstatements identified.

• The company operates as a single business segment, primarily manufacturing power plant equipment and heat exchangers, with significant overseas sales.

Financial highlights

• Total assets increased to ₩786.2 billion as of September 30, 2025, from ₩524.8 billion at December 31, 2024.

• Revenue for the nine months ended September 30, 2025, was ₩509.3 billion, up from ₩257.6 billion year-over-year.

• Operating income for the period was ₩51.2 billion, compared to ₩14.3 billion in the prior year.

• Net income attributable to owners for the nine months was ₩50.2 billion, up from ₩9.2 billion year-over-year.

• Cash and cash equivalents at period-end were ₩89.9 billion, up from ₩17.6 billion at the previous year-end.

Outlook and guidance

• The company recognizes revenue over time using the input method for long-term contracts, with ongoing projects expected to impact future results.

• Management continues to monitor market and financial risks, including foreign exchange and interest rate fluctuations.