Korea Aerospace Industries (047810) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw new orders of KRW 3,162.2bn, with a backlog of KRW 26.7tn across domestic, export, and aerostructure segments.

• Revenue for Q2 2025 was KRW 828.3bn, down 7.1% year-over-year, while operating profit rose 14.7% to KRW 85.2bn.

• Net income increased 3.1% year-over-year to KRW 57.1bn, with a net margin of 6.89%.

Financial highlights

• Gross profit improved 16.2% year-over-year to KRW 154.6bn, with gross margin expansion.

• SG&A expenses rose 17.9% year-over-year to KRW 69.3bn.

• Total assets grew 17% since December 2024 to KRW 9,393.8bn; liabilities increased 21.1% to KRW 7,629.2bn.

• Cash and cash equivalents rose 69.7% to KRW 194.6bn compared to December 2024.

Outlook and guidance

• Management provided forward-looking statements, noting risks and uncertainties that could impact future results.