VITZROCELL (082920) Q2 2025 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 110.5 billion, operating income of KRW 31.2 billion, and net income of KRW 23.2 billion for the first half of 2025, reflecting strong performance in core lithium battery segments.

• Maintained robust financial position with total assets of KRW 328.7 billion and equity of KRW 295.6 billion as of June 2025.

• Continued global leadership in lithium primary batteries, with significant market share in Smart Grid and industrial applications.

Financial highlights

• Revenue for H1 2025: KRW 110.5 billion, down from KRW 210.8 billion for full-year 2024.

• Operating income for H1 2025: KRW 31.2 billion; net income: KRW 23.2 billion.

• Basic EPS for H1 2025: KRW 1,031; cash and cash equivalents at period end: KRW 29.9 billion.

• Dividend payout ratio for 2024 was 20.2%, with a cash dividend of KRW 460 per share.

Outlook and guidance

• Targeting continued global market leadership in lithium primary batteries, with focus on expanding into IoT, automotive, and renewable energy sectors.

• Committed to maintaining a minimum 20% dividend payout ratio through 2026.

• Ongoing investments in R&D and production capacity to support new business models and product innovation.