CLASSYS (214150) Q3 2025 earnings summary

Executive summary

• Revenue for 3Q25 reached KRW 83.0 bn, up 39.7% year-over-year, with continued strong growth momentum and YTD revenue surpassing FY2024 results.

• Net income for 3Q25 was KRW 33.1 bn, a 100.8% increase year-over-year, and operating profit was KRW 37.6 bn, up 29.9% year-over-year.

• Growth was driven by robust global and domestic sales, especially in consumables and devices, with significant contributions from legacy ILOODA products.

Financial highlights

• Gross profit for 3Q25 was KRW 63.7 bn, up 36.7% year-over-year, maintaining a solid 70% margin.

• EBITDA for 3Q25 was KRW 41.3 bn, with a margin of 49.8%.

• SG&A expenses increased 47.9% year-over-year to KRW 26.1 bn, mainly due to post-merger costs.

• Total assets as of 3Q25 were KRW 654.4 bn, with cash and equivalents at KRW 171.6 bn.

Outlook and guidance

• On track to meet FY2025 guidance, with full-scale growth expected in the US and Europe through new product launches and expanded training.

• Guidance for 2025 projects revenue growth of 39%–48%, targeting KRW 340–360 bn.

• Cost-saving initiatives and unit cost reductions are expected to further improve profit margins.