Kolon Industries (120110) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was ₩1,202.7 billion, down 7.4% year-over-year but up 1.9% sequentially, mainly due to lower sales in industrial materials and chemicals, partially offset by seasonal gains in fashion.

• Operating profit was ₩9.8 billion, a 72.6% year-over-year and 63.6% sequential decline, impacted by one-off costs in industrial materials and continued losses in other segments.

• Net income turned to a loss of ₩8.3 billion, reversing from a profit in the previous quarter and the same quarter last year.

Financial highlights

• Gross margin, operating margin, and EBITDA margin all declined throughout 2025, with operating margin at 0.8% in Q4.

• Total assets at year-end 2025 were ₩7,686.5 billion, with equity of ₩4,064.3 billion.

• Net debt ratio improved to 57% at year-end 2025 from 59% the previous year.

Outlook and guidance

• Industrial materials segment expects profit recovery through improved utilization and removal of one-off costs.

• Fashion segment continues global expansion, with China sales up 82% year-over-year.