Soulbrain (357780) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was KRW 679.4 billion, down from KRW 863.4 billion year-over-year, with operating income at KRW 90.6 billion and net income attributable to owners at KRW 68.4 billion.

• The business is diversified across semiconductor (82% of sales), display (8%), and secondary battery (7%) materials, with major customers including leading domestic and global manufacturers.

• The company continues to invest in R&D and capacity expansion, with significant capital expenditures focused on semiconductor, display, and battery material lines.

Financial highlights

• Revenue decreased 21% year-over-year for the nine-month period, while operating income fell 46% and net income dropped 42%.

• Gross margin for the period was 24.1%, with operating margin at 13.3%.

• Cash and cash equivalents at period-end were KRW 210.2 billion, with total assets at KRW 1.40 trillion and equity at KRW 1.10 trillion.

• Dividend payout for the prior fiscal year was KRW 17.8 billion, with a cash dividend per share of KRW 2,300.

Outlook and guidance

• The company expects continued demand growth in advanced semiconductor and battery materials, supported by ongoing investments in R&D and production capacity.

• Market conditions remain volatile, especially in display and battery sectors, but the company is positioning for long-term growth through technology leadership and customer partnerships.