ISU Petasys (A007660) Q2 2025 earnings summary

Executive summary

• Achieved consolidated revenue of 2,097억원 in 2025 Q2, flat sequentially and up 20.4% year-over-year.

• Revenue for H1 2025 reached KRW 493.9 billion, up 22% year-over-year, driven by strong demand in AI accelerator and server PCB markets.

• Consolidated operating income reached 421억원 in Q2, down 11.7% sequentially but up 53.1% year-over-year.

• Net income for Q2 was 314억원, a decrease from 383억원 in Q1.

• The company completed a successful capital increase, issuing 10,162,800 new shares in April 2025.

Financial highlights

• Standalone revenue for the main entity was 2,097억원 in Q2, with an operating margin of 15.2%.

• China subsidiary posted Q2 revenue of 500억원 and operating income of 70억원, with a margin of 14.1%.

• Gross margin improved to 24.8% in H1 2025 from 22.5% in H1 2024.

• Total assets increased to KRW 1,076.5 billion, and equity more than doubled to KRW 665.8 billion due to the capital increase.

• EPS for H1 2025 was KRW 1,033, up from KRW 626 in H1 2024.

Outlook and guidance

• Data center demand expected to rise, especially for AI accelerators and next-gen switches.

• Network segment to maintain strong sales, led by 400/800G products.

• Management anticipates further revenue and profit growth in H2 2025, supported by expanded customer base and product portfolio.

• Ongoing investments in new production capacity and technology to support growth in high-value PCB segments.