GalaxyCore (688728) H2 2025 earnings summary

Executive summary

• Revenue grew 21.91% year-over-year to ¥7.78 billion, driven by increased shipments of high-pixel chips.

• Net profit attributable to shareholders fell 72.96% year-over-year to ¥50.51 million, mainly due to increased foreign exchange losses.

• Operating cash flow increased 72.84% year-over-year to ¥1.65 billion, reflecting strong sales and improved collection.

• No cash dividend, bonus shares, or capital reserve transfer proposed for 2025; undistributed profit to be carried forward.

Financial highlights

• Gross margin declined by 3.37 percentage points to 19.42% year-over-year.

• EBITDA was ¥1.42 billion, up slightly from last year, reflecting improved core operating profitability.

• Basic and diluted EPS were both ¥0.02, down 71.43% year-over-year.

• R&D investment was ¥973 million, accounting for 12.51% of revenue.

• Total assets increased 8.81% to ¥24.39 billion; net assets attributable to shareholders rose 1.07% to ¥7.86 billion.

Outlook and guidance

• Focus on expanding high-pixel CMOS sensor and display driver chip market share, especially in high-end segments.

• Strategic shift from cost-effective to high-performance products, and from Fabless to Fab-Lite model.

• Continued investment in R&D and talent to support innovation and rapid product iteration.