Foosung (093370) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was KRW 352.3 billion, up 7.6% year-over-year, driven by higher chemical prices and increased sales in the chemical equipment segment.

• Operating income turned positive at KRW 20.5 billion, compared to a loss of KRW 9.6 billion in the prior year period.

• Net loss attributable to owners was KRW 6.1 billion, narrowing from a loss of KRW 69.4 billion year-over-year.

• The company maintains a leading position in fluorochemical products and is the sole domestic producer of key battery and semiconductor materials.

Financial highlights

• Consolidated assets at quarter-end were KRW 861.1 billion, with equity of KRW 361.4 billion.

• Cash and cash equivalents increased to KRW 64.6 billion from KRW 54.9 billion at year-end 2024.

• Gross margin improved to 19.6% from 14.4% year-over-year.

• Basic EPS was -57 KRW, compared to -668 KRW in the prior year period.

Outlook and guidance

• The company is investing in new battery and semiconductor material capacity to capture global demand.

• Ongoing R&D focuses on next-generation battery electrolytes and eco-friendly refrigerants.

• Management aims for continued revenue growth and margin improvement through product mix and operational efficiency.