Value Added Technology (043150) Q3 2025 earnings summary

Executive summary

• Revenue for 3Q25 increased 14.7% year-over-year to KRW 100.1 billion, driven by expanded sales in the US and Europe and strong performance in emerging markets.

• Net income surged 87.9% year-over-year to KRW 13.7 billion, supported by growth in equity method income and favorable FX effects.

• Operating profit decreased slightly by 0.4% year-over-year to KRW 12.4 billion due to higher cost of goods sold from inflation.

Financial highlights

• Gross profit margin for 3Q25 was 51.6%, up 1.2 percentage points sequentially but down from 54.2% a year ago.

• Operating profit margin was 12.4%, down 2.9 percentage points year-over-year.

• Net profit margin improved to 13.6%, up 5.3 percentage points year-over-year.

• Year-to-date sales for 2024 reached KRW 312 billion.

Outlook and guidance

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

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

• Targeting developed markets with large FOV models and emerging markets with entry-level models.