RFHIC (218410) Q4 2025 earnings summary

Executive summary

• Revenue for FY2025 reached KRW 185.8 billion, up 62% year-over-year, driven by strong growth in both wireless communications and defense sectors.

• Operating income surged to KRW 30.9 billion, a 1,919% increase from the previous year.

• Net income attributable to owners of the parent was KRW 28.7 billion, with total net income at KRW 35.5 billion.

• The company expanded its global footprint with the establishment of RFHIC Europe in August 2025.

Financial highlights

• Gross profit margin improved to 34.6% in FY2025 from 31.0% in FY2024.

• Cash and cash equivalents at year-end were KRW 109.9 billion.

• Total assets increased to KRW 546.2 billion, with equity at KRW 396.5 billion and liabilities at KRW 149.7 billion.

• Debt ratio stood at 37.8%, up from 34.9% the previous year.

• R&D expenses were KRW 11.9 billion, representing 6.4% of sales.

Outlook and guidance

• Management expects continued growth in wireless, defense, RF energy, and satellite communications, supported by robust order backlogs and new business initiatives.

• The company announced a three-year dividend policy targeting at least 30% of separate net income payout for 2025–2027.