PI Advanced Materials (178920) Q4 2025 earnings summary

Executive summary

• Achieved profit-driven growth and sustainable profitability in FY2025, with record-high sales and improved margins year-over-year.

• Diversified end-markets and strengthened new product portfolio, focusing on high-value-added offerings.

• Reduced quarterly earnings volatility and increased YoY profitability throughout FY2025.

Financial highlights

• FY2025 sales reached KRW 263.4bn, up 4.8% year-over-year; EBITDA rose to KRW 75.4bn, up 12.0% YoY.

• Operating profit increased to KRW 43.0bn (27.2% YoY), and net profit grew to KRW 30.4bn (36.4% YoY).

• Gross profit margin improved to 27.4% from 25.0% in 2024.

• Quarterly sales peaked at KRW 72.5bn in 2Q25, with EBITDA margin reaching 31.8% in the same quarter.

Outlook and guidance

• FY2026 expects premium demand expansion in mature markets, driven by on-device Al and new form factors.

• Anticipates structural enhancement of earnings quality and increased share of high-value specialty products.

• Plans to penetrate high-growth sectors such as aerospace, semiconductors, and AI data centers.