Soulbrain (357780) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was KRW 438.3 billion, with operating income of KRW 56.2 billion and net income of KRW 45.6 billion, reflecting a year-over-year decline from 2024.

• Semiconductor materials accounted for 81% of sales, display materials 9%, and secondary battery materials 7%.

• The company maintains a strong market position: 85% share in semiconductor materials, 40% in display materials, and 30% in secondary battery materials.

• Major customers include Samsung Electronics, SK Hynix, LG Display, and Samsung SDI.

Financial highlights

• H1 2025 revenue: KRW 438.3 billion (down from KRW 863.4 billion in FY2024).

• Operating income: KRW 56.2 billion (down from KRW 167.9 billion in FY2024).

• Net income: KRW 45.6 billion (down from KRW 119.6 billion in FY2024).

• Gross margin for H1 2025: 23.7%.

• Cash and cash equivalents at period end: KRW 180.5 billion.

Outlook and guidance

• The company plans flexible 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.