Samsung C&T (028260) Q1 2025 earnings summary

Executive summary

• Achieved consolidated sales of KRW 9,737 bn in 1Q25, down 9.8% year-over-year and 2.6% sequentially, with net profit of KRW 937 bn, up 14% year-over-year and 43% sequentially.

• Operating profit rose to KRW 724 bn, up 1.7% year-over-year and 14% sequentially, with an improved operating margin of 7.4%.

• Growth in Bio and T&I segments offset declines in E&C, Fashion, and Leisure.

Financial highlights

• Gross profit increased to KRW 1,753 bn, up 6.3% year-over-year.

• Non-operating profit surged to KRW 436 bn, up KRW 299 bn sequentially.

• Net cash position at KRW 992 bn, down from KRW 1,262 bn at end of 2024.

• Total assets at KRW 62,458 bn, equity at KRW 38,334 bn.

Outlook and guidance

• Targeting 22GW solar pipeline and $100 million in asset disposal gains in 2025 for T&I.

• Continued focus on landmark housing projects and SMR (Small Modular Reactor) expansion in Europe.

• Bio segment expects further growth with Plant 5 operations and large CMO contracts.