Chunbo (A27828) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was ₩133.8 billion, down 7% year-over-year, with operating profit turning positive at ₩3.7 billion from a loss in 2024.

• Net loss widened to ₩60.0 billion, with ROE at -15.2% compared to -9.8% in 2024.

• Electronic materials sales grew 5% to ₩51.4 billion, while secondary battery materials fell 12% to ₩67.9 billion.

• The company expects continued economic challenges in 2026 but anticipates increased demand and price recovery in battery materials.

Financial highlights

• Revenue: ₩133.8 billion (down 7% YoY); Operating profit: ₩3.7 billion (positive swing from -₩22.8 billion in 2024).

• Net loss: ₩60.0 billion (wider than 2024's -₩32.3 billion); EPS: -₩5,752.

• Gross margin improved as cost reductions offset sales decline.

• Cash and equivalents at year-end: ₩15.5 billion; total assets: ₩849.5 billion.

• Debt reduced: total borrowings ₩367.9 billion (down from ₩578.6 billion in 2024).

Outlook and guidance

• Management expects ongoing global economic headwinds in 2026, including trade barriers and volatile raw material prices.

• Battery materials demand is projected to rise due to energy storage expansion, with anticipated price increases.