SNT Motiv (A064960) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 226.2 billion, up from KRW 222.0 billion in Q1 2024, with operating income of KRW 23.0 billion and net income of KRW 21.3 billion.

• The company completed a 1:1 bonus issue in January 2025, doubling its share capital to KRW 132.7 billion.

• Automotive components remain the core business, contributing 85.5% of Q1 sales, with continued growth in eco-friendly vehicle parts and defense exports.

Financial highlights

• Gross margin for Q1 2025 was 17.0%, with a net margin of 9.4%.

• Cash and cash equivalents at quarter-end were KRW 203.0 billion, with total assets at KRW 1.28 trillion and equity at KRW 992.9 billion.

• Dividend payout for Q1 2025 was KRW 300 per share, with a payout ratio of 33.6%.

• R&D expenses for Q1 2025 were KRW 5.3 billion, or 2.4% of sales.

Outlook and guidance

• The company expects continued growth in eco-friendly automotive components and defense exports, supported by global trends in electrification and increased defense spending.

• The global auto market is forecast to grow 3.3% in 2025, with particular strength in Asia and North America.