Sanil Electric (A062040) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached 98.8 billion KRW, with operating profit of 37.5 billion KRW and an operating margin of 38.0%.

• Year-over-year revenue grew 39.9%, and operating profit increased 61.4%.

• Orders surged 103.2% year-over-year, and order backlog rose 53.9%.

Financial highlights

• Net income for Q1 2025 was 31.2 billion KRW, up 89.7% year-over-year.

• Pre-tax income increased 85.2% year-over-year to 38.7 billion KRW.

• Gross profit for Q1 2025 was 46.8 billion KRW.

• COGS for Q1 2025 was 52.0 billion KRW, reflecting cost control initiatives.

Outlook and guidance

• Deferred revenue suggests Q2 2025 revenue may exceed Q1 if shipping delays are resolved.

• Continued demand in power grid and renewable sectors expected to support growth.