Value Added Technology (043150) Q4 2024 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 101.7 billion in 4Q24, down 2.6% year-over-year but up 16.5% sequentially from 3Q24.

• Net income surged 489.8% year-over-year to KRW 15.8 billion, mainly due to favorable FX effects.

• Operating profit declined 22.4% year-over-year to KRW 10.3 billion, impacted by lower revenue and inflation-driven cost increases.

Financial highlights

• Gross profit margin was 51.7% in 4Q24, down from 54.3% in 4Q23.

• Operating profit margin dropped to 10.1% from 12.7% year-over-year.

• Net profit margin improved to 15.6% from 2.6% in 4Q23.

• Full-year 2024 revenue was KRW 385 billion, flat year-over-year.

Outlook and guidance

• Plans to expand 3D product sales, focusing on premium and entry-level segments.

• Strategy includes strengthening product quality, technology, and customer service to boost market dominance.

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