SIMMTECH Co (A222800) Q3 2025 earnings summary

Executive summary

• Manufactures and sells printed circuit boards (PCBs) for semiconductors and telecom devices, with a global footprint and major clients among the top memory and packaging companies.

• Operates 6 domestic plants and R&D centers, with key overseas production in China and Japan.

• Maintains a stable market position with high entry barriers and diversified product/customer base.

Financial highlights

• 2025 Q3 cumulative revenue: KRW 1,017.2 billion, down from KRW 1,231.4 billion YoY.

• Operating income: KRW 1.6 billion (vs. -KRW 47.0 billion YoY); net loss attributable to owners: -KRW 31.0 billion (vs. -KRW 115.1 billion YoY).

• Gross margin improved to 8.6% from 7.0% YoY.

• Cash and cash equivalents at period end: KRW 25.1 billion (down from KRW 127.8 billion YoY).

• Total assets: KRW 1,524.9 billion; total liabilities: KRW 1,013.1 billion; equity: KRW 511.8 billion.

Outlook and guidance

• Ongoing investments in high-value System IC PCB capacity, with KRW 1,200 billion planned through 2025.

• Market expects global PCB industry to grow 12.8% in 2025, with computing and communication segments leading.