VITZROCELL (082920) Q3 2025 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 165.8 billion and operating income of KRW 47.9 billion for the nine months ended September 30, 2025, with net income of KRW 39.0 billion.

• Maintained strong cash position with KRW 259.9 billion in cash and equivalents.

• Core business is the production and sale of lithium batteries, with a global presence and a focus on both industrial and military markets.

Financial highlights

• Revenue for the first nine months of 2025 decreased from KRW 210.8 billion in the prior year period.

• Operating income margin remains robust, with operating profit at KRW 47.9 billion.

• Net income for the period was KRW 39.0 billion, down from KRW 51.3 billion year-over-year.

• Basic EPS for the period was KRW 1,735, compared to KRW 2,300 in the previous year.

• Cash dividends paid in April 2025 totaled KRW 10.3 billion, with a payout ratio of 20.2%.

Outlook and guidance

• Management maintains a dividend policy targeting a minimum 20% payout ratio through 2026.

• The company expects continued growth in lithium battery demand, especially in smart grid, IoT, and military applications.

• Ongoing investments in R&D and production capacity to support future growth.