Soulbrain (357780) Q3 2024 earnings summary

Executive summary

• Manufactures chemical materials for semiconductors, displays, and secondary batteries, supplying major domestic and global manufacturers.

• Q3 2024 consolidated sales reached 646,893 million KRW, with 75% from semiconductor materials.

• Maintains strong market share: 85% in semiconductor materials, 40% in display materials, 30% in secondary battery materials.

• Ongoing investments in production capacity and R&D to address rapid technological changes and customer needs.

Financial highlights

• Q3 2024 consolidated revenue: 646,893 million KRW, down from 844,029 million KRW in FY2023 and 1,090,867 million KRW in FY2022.

• Operating profit for Q3 2024: 131,528 million KRW; net profit attributable to owners: 119,457 million KRW.

• Basic EPS for Q3 2024: 15,428 KRW, compared to 16,832 KRW in FY2023.

• Cash and cash equivalents at Q3 2024: 474,401 million KRW, up from 345,056 million KRW at FY2023 end.

• Dividend payout for FY2023: 15,486 million KRW, with a payout ratio of 11.88%.

Outlook and guidance

• Plans to maintain or increase cash dividend payout ratio above 400% of par value.

• Flexible facility investments based on market and industry trends.

• Focus on expanding advanced product portfolio to meet growing demand in AI, IoT, and electric vehicles.