FIRSTEC (A010820) Q3 2025 earnings summary

Executive summary

• Operates a single domestic segment focused on defense industry products, with a strong track record in major weapons systems and control equipment development and production since 1975.

• 2025 Q3 sales were ₩186.4 billion, with a net income of ₩6.68 billion, reflecting a recovery from the previous year.

• The company maintains a robust R&D program, investing ₩845 million in the first nine months of 2025, and holds 25 registered patents.

Financial highlights

• Revenue for 2025 Q3 (YTD) was ₩186.4 billion, down from ₩207.3 billion in 2024, but up from ₩173.1 billion in 2023.

• Operating income for 2025 Q3 was ₩5.79 billion, up from ₩4.35 billion in 2024 Q3.

• Net income for 2025 Q3 was ₩6.68 billion, compared to ₩2.87 billion in 2024 Q3.

• Total assets at Q3 2025 were ₩388.4 billion, with equity of ₩70.6 billion.

• Cash and equivalents at Q3 2025 were ₩49.6 billion, down from ₩94.4 billion at 2024 year-end.

Outlook and guidance

• The company is targeting expansion in unmanned systems and aerospace, aiming for a top-10 domestic defense industry ranking.

• Ongoing investments in R&D and production capacity are expected to support future growth and competitiveness.