GS Holdings (078930) Q3 2025 earnings summary

Financial highlights

• Revenue for 2025 Q3 YTD was KRW 18,696,785 million, down 0.8% year-over-year.

• Operating income for the same period was KRW 2,159,859 million, a decrease of 12% year-over-year.

• Net income attributable to owners of parent was KRW 556,552 million, down from KRW 567,020 million in the prior year.

• Total assets at Q3-end were KRW 35,680,786 million, with total equity of KRW 18,813,948 million.

• Basic EPS for common shares was KRW 5,878 for the period.

Segment performance

• Power and gas segment contributed KRW 1,771,293 million in operating income, with revenue of KRW 5,256,453 million.

• Wholesale and retail segment reported KRW 243,063 million in operating income on KRW 8,755,587 million revenue.

• Trading segment posted KRW 36,855 million in operating income with KRW 2,870,644 million revenue.

• Investment and others segment had KRW 108,648 million in operating income and KRW 1,814,101 million revenue.

Capital allocation and financing

• Dividends paid in 2025 Q3 were KRW 255,712 million.

• Multiple bond issuances and commercial papers outstanding, with strict covenants on leverage and asset disposal.

• Major subsidiaries and affiliates maintain compliance with debt covenants, including leverage ratios and asset disposal restrictions.