LX Semicon (108320) Q1 2025 earnings summary

Executive summary

• 1Q25 revenue reached KRW 476.2 billion, up 4% year-over-year but down 5.3% sequentially from 4Q24.

• Net profit for 1Q25 was KRW 45.4 billion, a 13% increase year-over-year and a 118% rise sequentially.

• Fabless semiconductor company specializing in display panel driver ICs, T-Con, and PMICs, with 99.56% of sales from exports and 90.17% of revenue from Driver-ICs in Q1 2025.

• Diversifying into MCU, power semiconductors, and heat dissipation substrates for automotive and electronics markets.

Financial highlights

• EBITDA for 1Q25 was KRW 68.9 billion, up from KRW 39.8 billion in 4Q24.

• Cash and cash equivalents increased to KRW 355.9 billion, up from KRW 238.8 billion at 2024 year-end.

• Total assets grew 6.1% quarter-over-quarter to KRW 1.59 trillion.

• Total liabilities rose 20.3% sequentially, with the liabilities-to-equity ratio increasing to 46.6%.

• Dividend of KRW 39.0 billion declared in Q1 2025.

Outlook and guidance

• DDI market expected to grow gradually with OLED adoption and premium display trends.

• Automotive and power semiconductor segments targeted for future growth, leveraging demand from electric vehicles and renewable energy.

• Forward-looking statements indicate results may differ due to market and operational uncertainties.