HANMI Semiconductor (A042700) Q1 2025 earnings summary

Executive summary

• Achieved Q1 2025 consolidated revenue of KRW 147.4 billion, with operating income of KRW 69.6 billion and net income of KRW 54.7 billion, reflecting strong demand for semiconductor equipment, especially HBM-related products.

• Maintained a robust financial position with total assets of KRW 685.9 billion and equity of KRW 521.7 billion as of March 31, 2025.

• Continued global leadership in semiconductor manufacturing equipment, with a focus on AI and HBM memory markets.

Financial highlights

• Q1 2025 revenue increased to KRW 147.4 billion from KRW 77.3 billion in Q1 2024.

• Operating income for Q1 2025 was KRW 69.6 billion, up from KRW 28.7 billion year-over-year.

• Net income attributable to owners was KRW 54.7 billion, with basic EPS of KRW 577.

• Gross margin improved, with cost of sales at KRW 55.1 billion, yielding a gross profit of KRW 92.3 billion.

• Cash and cash equivalents at quarter-end were KRW 32.9 billion, down from KRW 104.0 billion at year-end 2024, mainly due to dividend payments and treasury share buybacks.

Outlook and guidance

• Anticipates continued growth driven by global demand for HBM and AI semiconductor equipment.

• Plans further R&D investment and expects new product launches to support future revenue streams.

• Announced a planned treasury share cancellation of 1,302,059 shares (1.35% of total) in May 2025 to enhance shareholder value.