UNISEM (036200) Q2 2025 earnings summary

Executive summary

• Specializes in semiconductor and display equipment, with leading market share in gas scrubbers (40%) and chillers (30%) in Korea.

• Main products: gas scrubbers (23% of sales), chillers (46%), and maintenance/other (31%).

• Operates globally with subsidiaries in the US, China, and Korea.

• Maintains strong credit rating (AA-) and is listed on KOSDAQ.

Financial highlights

• Consolidated revenue for H1 2025: KRW 140.6B, down from KRW 218.2B in H1 2024.

• Operating income: KRW 6.9B, down from KRW 10.0B year-over-year.

• Net income attributable to owners: KRW 3.4B, down from KRW 7.6B year-over-year.

• Basic EPS: KRW 116, compared to KRW 258 in H1 2024.

• Cash and cash equivalents: KRW 36.5B as of June 2025.

Outlook and guidance

• Expects continued growth in semiconductor equipment demand, especially for high-value products like HBM.

• Focus on expanding eco-friendly equipment portfolio and strengthening cost competitiveness.

• Anticipates selective investment by semiconductor manufacturers in 2025.