Korea Computer (054040) Q2 2025 earnings summary

Executive summary

• The company operates primarily in the EMS (Electronics Manufacturing Service) sector, producing OLED PBA for smartphones/tablets, QD-OLED PBA for TVs/monitors, and industrial inverters, with a significant portion of sales to major electronics manufacturers.

• The group includes two consolidated subsidiaries, with no changes in consolidation scope during the period.

Financial highlights

• Consolidated revenue for H1 2025 was KRW 170.9 billion, down from KRW 421.0 billion in FY2024 and KRW 371.7 billion in FY2023.

• Operating income for H1 2025 was KRW 3.7 billion, compared to KRW 12.2 billion in FY2024 and KRW 23.8 billion in FY2023.

• Net income attributable to owners for H1 2025 was KRW 2.2 billion, down from KRW 13.6 billion in FY2024 and KRW 21.7 billion in FY2023.

• Cash and cash equivalents at period end were KRW 43.0 billion, down from KRW 47.8 billion at the end of FY2024.

• Total assets stood at KRW 180.8 billion, with equity of KRW 143.9 billion and liabilities of KRW 36.8 billion.

Outlook and guidance

• The company continues to focus on expanding high-value EMS offerings, investing in advanced SMT and COG/FCOF facilities, and targeting growth in QD-OLED and OLED PBA segments.

• No specific forward-looking financial guidance was provided.