HANMI Semiconductor (A042700) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was KRW 493.7 billion, down from KRW 558.9 billion in the same period last year, with export sales increasing and domestic sales declining.

• Operating income reached KRW 223.8 billion, and net income attributable to owners was KRW 185.1 billion, both showing year-over-year growth.

• The company maintained a strong cash position with KRW 198.2 billion in cash and cash equivalents at quarter-end.

• Major investments included a new KRW 28.5 billion facility for next-generation HBM production, with construction scheduled from August 2025 to November 2026.

Financial highlights

• Gross margin improved to 57.9% for the nine-month period, up from 44.5% a year earlier.

• Earnings per share (EPS) for the period was KRW 1,952, up from KRW 1,589 in the prior year.

• Cash dividend payout ratio for the previous year was 44.8%, with a cash dividend per share of KRW 720.

• R&D expenses totaled KRW 17.6 billion, representing 3.7% of sales.

• Inventory write-downs for the period were KRW 28.96 billion, included in cost of sales.

Outlook and guidance

• The company expects continued demand for HBM and AI-related semiconductor equipment, supported by ongoing investments in new production capacity.

• Management is focused on expanding global market share and responding to diversified semiconductor industry growth drivers, including AI, automotive, and IoT.