Doosan Robotics (454910) Q1 2025 earnings summary

Executive summary

• 1Q25 sales declined 51% year-over-year due to deferred and adjusted investments by customers and dealers amid uncertainty from US tariff concerns.

• Sales weakened across all regions, impacted by persistent US tariff policy uncertainty and a prolonged global manufacturing slowdown.

Financial highlights

• 1Q25 sales were KRW 5,280 million, down 51.5% year-over-year and 54% sequentially from 4Q24.

• Operating loss for 1Q25 was KRW -12,106 million, improved from KRW -16,858 million in 4Q24 but worse than KRW -6,886 million in 1Q24.

• EBITDA for 1Q25 was KRW -10,626 million, compared to KRW -15,179 million in 4Q24 and KRW -5,694 million in 1Q24.

• Net income for 1Q25 was KRW -9,418 million, an improvement from KRW -23,126 million in 4Q24 but lower than KRW -2,847 million in 1Q24.

Outlook and guidance

• Pursuing AI-driven innovation and strengthening the talent pool for humanoid robotics entry over the next 2–3 years.

• Scheduled launch of AI robot solution in 4Q25, targeting manufacturing and logistics applications.

• Mass recruitment of AI/humanoid experts with a 25% headcount growth planned by year-end.