Dayou Plus Co (A000300) Q4 2025 earnings summary

Executive summary

• Transitioned core business from LPG vehicle tanks to future mobility, including EV/hydrogen parts and haptic motors, with expanded R&D and global partnerships.

• Completed major restructuring: exited telecom, sold PI/CKD divisions, and finalized court-led rehabilitation in Dec 2024.

• Relocated HQ and production to Gimje, Jeonbuk in 2025 to enhance manufacturing and R&D capabilities.

• Majority ownership shifted to NR Jeil Hojaegi Fund Investment Purpose Company after M&A in Oct 2024.

Financial highlights

• FY2025 revenue: KRW 40.2B, up 24% YoY; gross profit: KRW 8.7B, up 666% YoY; operating income: KRW 3.2B, reversing prior year loss.

• Net income: KRW 5.8B, down sharply from KRW 113.5B in FY2024 (which included large one-off gains from restructuring).

• Total assets: KRW 51.2B (down 22% YoY); equity: KRW 32.1B (up 23% YoY); liabilities: KRW 19.1B (down 52% YoY).

• Cash and equivalents at year-end: KRW 6.6B, up 58% YoY.

• No dividends paid in the last five years.

Outlook and guidance

• Focus on expanding EV/hydrogen parts and high-value thermal management systems.

• Plans to leverage proprietary liquid hydrogen storage and nano-carbon heating technologies for new mobility and industrial markets.

• Anticipates stable LPG tank demand and gradual growth in eco-friendly vehicle components.