ISU Petasys (A007660) Q4 2024 earnings summary

Executive summary

• Specializes in high-layer, high-value PCB manufacturing, serving global IT and data center clients with a strong export focus (95%+ of sales).

• Expanded production capacity with the completion of the 4th plant and plans for a 5th plant to meet rising demand, especially from AI and data center sectors.

• Maintains robust R&D, focusing on advanced PCB technologies for AI accelerators, high-speed networking, and eco-friendly materials.

Financial highlights

• FY2024 consolidated revenue: KRW 836.9 billion, up 23.9% year-over-year.

• Operating income: KRW 101.9 billion, up 63.9% year-over-year; net income: KRW 74.0 billion, up 55.1%.

• Gross margin improved to 18.7% from 17.2% in the prior year.

• Cash and cash equivalents increased to KRW 80.4 billion from KRW 48.0 billion.

• Dividend per share: KRW 150 (payout ratio 12.8%).

Outlook and guidance

• Anticipates continued growth in AI, data center, and high-speed networking markets, with further capacity expansion planned.

• Focus on high-value, multi-layer PCB products and customer diversification to sustain growth.

• Ongoing investments in new plants and automation to support demand and operational efficiency.