Soulbrain (357780) Q3 2025 earnings summary

Executive summary

• Financial statements for the nine months ended September 30, 2025, were reviewed and found to be fairly presented under K-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 increased to ₩1,112.8B as of September 30, 2025, from ₩1,090.6B at December 31, 2024.

• Revenue for the nine months ended September 30, 2025, was ₩578.5B, down from ₩600.8B year-over-year.

• Net income for the nine months was ₩71.0B, compared to ₩135.3B in the prior year period.

• Operating cash flow for the nine months was ₩92.6B, down from ₩207.7B year-over-year.

• Cash and equivalents at period end were ₩57.0B, down from ₩172.9B at the previous year-end.

Outlook and guidance

• The company expects to be subject to global minimum tax rules from 2025 but does not anticipate additional tax expense due to effective tax rates above 15%.

• No significant impact is expected from recent or upcoming changes in accounting standards.