Foosung (093370) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was ₩352.3 billion, up 7.6% year-over-year, driven by higher refrigerant prices and increased chemical equipment sales.

• Operating income turned positive at ₩20.5 billion, compared to a loss of ₩9.6 billion in the prior year period.

• Net loss attributable to controlling interests was ₩6.1 billion, a significant improvement from a net loss of ₩69.4 billion a year earlier.

• The company completed a rights offering and continued investments in battery and semiconductor materials.

Financial highlights

• Revenue: ₩352.3 billion (up 7.6% YoY); Operating income: ₩20.5 billion (vs. loss YoY); Net loss: ₩6.1 billion (improved from ₩69.4 billion loss YoY).

• Basic EPS: -₩57 (vs. -₩668 YoY); Total assets: ₩861.1 billion; Equity: ₩361.4 billion.

• Cash and equivalents: ₩64.6 billion; Total borrowings: ₩213.9 billion (short and long-term combined).

• Research and development expenses: ₩7.0 billion (3.38% of sales).

Outlook and guidance

• The company is investing in capacity expansion for battery materials and semiconductor gases to capture global demand.

• No specific quantitative guidance provided, but management emphasizes continued focus on high-value products and global market expansion.