Soulbrain (357780) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached KRW 209.5 billion, with operating income of KRW 36.0 billion and net income of KRW 33.0 billion, reflecting a robust performance across core business segments.

• Semiconductor materials accounted for 80% of sales, followed by display (10%) and secondary battery materials (7%).

• The company maintained strong relationships with major domestic and global manufacturers, including Samsung and SK Hynix.

Financial highlights

• Revenue for Q1 2025 was KRW 209.5 billion, down from KRW 863.4 billion in FY2024, reflecting seasonality.

• Operating income was KRW 36.0 billion, with a net profit of KRW 33.0 billion.

• Gross margin for Q1 2025 was approximately 27.7%.

• Cash and cash equivalents increased to KRW 577.2 billion at quarter-end.

• Total assets stood at KRW 1.31 trillion, with equity of KRW 1.08 trillion.

Outlook and guidance

• The company plans to flexibly manage future facility investments based on market and industry trends.

• Ongoing focus on R&D and new product development to maintain competitiveness in rapidly evolving semiconductor and battery markets.