Samyang Comtech (484590) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was KRW 97,902m, down from KRW 102,190m YoY; operating income and net income increased to KRW 19,636m and KRW 16,954m.

• Q3 revenue was KRW 34,586m, while operating income was KRW 6,157m and net income was KRW 5,281m, compared with KRW 36,676m, KRW 4,997m and KRW 3,532m, respectively, in Q3 2025.

Financial highlights

• 9M gross profit was KRW 24,610m versus KRW 23,921m YoY; cost of sales declined to KRW 73,292m from KRW 78,268m.

• 9M profit before tax reached KRW 22,294m, up from KRW 17,417m; income tax expense was KRW 5,340m versus KRW 4,139m.

• Total assets at Sep. 30 were KRW 273,556m, up from KRW 239,665m at Dec. 31; equity was KRW 172,308m versus KRW 156,489m.

• Inventories rose to KRW 74,345m from KRW 48,056m at year-end; current contract liabilities increased to KRW 48,629m from KRW 33,031m.

Outlook and guidance

• Plans include developing defense systems and performance upgrades, pursuing government R&D projects, and entering civilian markets over the medium to long term.

• Expansion priorities include ceramic components for semiconductor processing and advanced ceramic and composite materials for aerospace applications.

• A KRW 29,590m Gumi plant expansion is planned, with KRW 3,247m spent in 2026 and KRW 14,500m planned for 2027; a KRW 10,000m research facility investment is deferred until after the expansion.