Soulbrain (357780) Q2 2024 earnings summary

Executive summary

• Interim financial statements for the six months ended June 30, 2025, were reviewed and found to be fairly presented in accordance with Korean IFRS 1034, with no material misstatements identified.

• The company operates primarily in semiconductor and FPD chemical materials, and battery electrolytes, with manufacturing and sales as core activities.

Financial highlights

• Total assets at June 30, 2025: ₩1,074.2 billion, down from ₩1,090.6 billion at December 31, 2024.

• Revenue for the six months ended June 30, 2025: ₩379.0 billion, down from ₩396.8 billion year-over-year.

• Operating income for the six months: ₩50.98 billion, down from ₩86.40 billion year-over-year.

• Net income for the six months: ₩44.89 billion, down from ₩96.61 billion year-over-year.

• Cash and cash equivalents at period end: ₩34.01 billion, down from ₩172.88 billion at prior year-end.

Outlook and guidance

• The company is reviewing the impact of upcoming accounting standard changes effective from 2026, with no early adoption planned.

• No significant impact expected from recent amendments to foreign currency accounting standards.