Value Added Technology (043150) Q2 2025 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 110.6 billion in 2Q25, up 8.5% year-over-year and 9.2% sequentially, driven by expanded US sales and continued 3D product growth.

• Operating profit rose 0.2% year-over-year to KRW 16.9 billion, with margin at 15.3% (+2.2%p QoQ, -1.3%p YoY).

• Net income declined 51.0% year-over-year to KRW 7.4 billion, impacted by lower equity method income and FX effects.

Financial highlights

• Gross profit margin was 50.4%, down 2.5%p year-over-year due to higher COGS from inflation.

• Net profit margin fell to 6.7% from 14.8% a year ago.

• 3D (CBCT) products accounted for 58.9% of product sales, with 3.6% YoY growth; IOX and other products grew 17.1% YoY.

Outlook and guidance

• Strategy focuses on expanding 3D premium and mid/entry product sales to capture market shift from 2D to 3D.

• Plans to strengthen market dominance through enhanced quality, technology, and customer service.