MNC Solution (A484870) Q3 2025 earnings summary

Executive summary

• Specializes in precision hydraulic and electric solutions for defense systems, with a focus on modernization and export growth.

• Completed a corporate split in December 2023, focusing on defense, and listed on KOSPI in December 2024.

• Major shareholder is Socius Well2C Investment No.2, holding 73.78% of shares.

Financial highlights

• 2025 Q3 revenue: KRW 260.1 billion, down from KRW 282.8 billion in 2024 Q3.

• Operating income for 2025 Q3: KRW 34.4 billion, nearly flat year-over-year.

• Net income for 2025 Q3: KRW 28.3 billion, up from KRW 27.0 billion in 2024 Q3.

• Cash and cash equivalents at period end: KRW 109.7 billion, up from KRW 82.7 billion at prior year-end.

• Total assets: KRW 419.8 billion; total liabilities: KRW 239.7 billion; equity: KRW 180.1 billion.

Outlook and guidance

• Continues to pursue stable revenue through long-term government contracts and expansion into overseas markets.

• Maintains a 50% dividend payout policy as long as the major shareholder retains control.