DOOSAN TESNA (131970) Q3 2025 earnings summary

Executive summary

• Specializes in semiconductor testing, focusing on system semiconductors, with main business in wafer and package testing, and die preparation services.

• Absorbed subsidiary EngiOn in February 2025 to enhance operational efficiency and synergy.

• No new business lines planned; continues to focus on core semiconductor testing and related services.

Financial highlights

• Revenue for 2025 Q3 was KRW 218.4 billion, down from KRW 373.1 billion in 2024 and KRW 338.7 billion in 2023.

• Operating loss of KRW 16.0 billion for 2025 Q3, compared to operating profit of KRW 37.9 billion in 2024.

• Net loss of KRW 14.4 billion for 2025 Q3, versus net profit of KRW 36.8 billion in 2024.

• Cash and cash equivalents at end of Q3 2025 were KRW 91.7 billion, up from KRW 65.0 billion at end of 2024.

• Total assets at Q3 2025 were KRW 693.0 billion, with equity of KRW 420.7 billion.

Outlook and guidance

• Ongoing investment in new facilities (KRW 220.6 billion planned through 2027) to support mid- to long-term growth.

• Dividend policy remains stable, with recent cash dividends of KRW 160 per share.