LIG Defense&Aerospace (079550) Q1 2025 earnings summary

Executive summary

• FY25 1Q sales reached KRW 907.6 billion, up 18.9% year-over-year, driven by domestic mass production across business areas.

• Operating income rose 69.6% year-over-year to KRW 113.6 billion, with an operating margin of 12.5%, up 3.7 percentage points.

• Net income increased 36.7% year-over-year to KRW 82.8 billion.

Financial highlights

• Sales: KRW 907.6 billion (up 18.9% year-over-year).

• Operating income: KRW 113.6 billion (up 69.6% year-over-year).

• Net income: KRW 82.8 billion (up 36.7% year-over-year).

• Operating income margin: 12.5% (up from 8.8% year-over-year).

• Net income attributable to shareholders: KRW 84.2 billion (up 39.0% year-over-year).

Outlook and guidance

• Order backlog at end of FY25 1Q was KRW 22.88 trillion, up KRW 2.83 trillion quarter-over-quarter.

• New orders in 1Q totaled KRW 4.2 trillion, supported by the Iraqi MSAM-II export program.