GD Power Development (600795) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders for the first nine months was ¥6.78 billion, down 26.27% year-over-year, mainly due to lower electricity sales prices and absence of prior-year one-off gains.

• Operating revenue for the first nine months was ¥125.21 billion, a 6.47% decrease year-over-year.

• Third quarter net profit attributable to shareholders rose 24.87% year-over-year, reflecting improved quarterly performance.

Financial highlights

• Operating income for Q3: ¥47.55 billion, down 1.01% year-over-year.

• Total profit for Q3: ¥6.48 billion, up 23.92% year-over-year.

• Net cash flow from operating activities for the first nine months: ¥42.78 billion, up 15.47% year-over-year.

• Basic and diluted EPS for Q3: ¥0.173, up 24.46% year-over-year.

• Total assets at quarter-end: ¥517.83 billion, up 4.84% from year-end 2024.

Outlook and guidance

• Management attributes the year-over-year decline in net profit to lower electricity sales prices and the absence of significant one-off gains from asset disposals and impairment reversals in the prior year.