Kencoa Aerospace (A274090) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was ₩56.2 billion, down 34.7% year-over-year; operating loss widened to ₩6.0 billion from a loss of ₩5.4 billion in the prior year.

• Net loss for the period was ₩5.8 billion, compared to a net loss of ₩7.7 billion in the previous year.

• The company operates in aerospace, focusing on aircraft parts, MRO, and space launch vehicle components, with a global customer base including major OEMs and defense contractors.

Financial highlights

• Consolidated revenue: ₩56.2 billion (down from ₩86.2 billion year-over-year).

• Operating loss: ₩6.0 billion (wider than prior year’s ₩5.4 billion loss).

• Net loss: ₩5.8 billion (improved from ₩7.7 billion loss year-over-year).

• Basic EPS: -₩441 (vs. -₩597 year-over-year).

• Gross margin declined due to lower sales and higher cost ratios.

Outlook and guidance

• The company is expanding production capacity at its main and U.S. plants to support anticipated order growth.

• Ongoing R&D in advanced aerospace manufacturing, UAM, and space components is expected to support future growth.