Do-Fluoride New Materials (002407) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥9.43 billion in 2025, up 14.37% year-over-year; net profit attributable to shareholders was ¥213 million, reversing last year's loss.

• Growth driven by surging demand in new energy vehicles and energy storage, with significant sales increases in lithium hexafluorophosphate and large cylindrical batteries.

• Maintained industry leadership in core products, expanded international markets, and enhanced R&D for high-end materials.

Financial highlights

• Operating income: ¥9.43 billion, up 14.37% year-over-year.

• Net profit attributable to shareholders: ¥213 million, compared to a loss of ¥308 million last year.

• Basic and diluted EPS: ¥0.18, up from -¥0.26 last year.

• Gross margin improved, with industrial segment revenue up 26.7% and new energy battery revenue up 76.84%.

• Operating cash flow: ¥199 million, a significant turnaround from last year's outflow.

Outlook and guidance

• Plans to expand core product capacity, accelerate industrialization of new lithium salts, and increase R&D in high-end electronic and isotopic materials.

• New energy battery capacity expected to exceed 20GWh by end of 2025, with further expansion in 2026.

• Focus on digital transformation, supply chain integration, and international market expansion.