Samsung E&A (028050) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was KRW 2,097.96 billion, with operating income of KRW 157.30 billion and net income of KRW 157.21 billion, reflecting a year-over-year decrease in both revenue and profit.

• The company operates in hydrocarbon (petrochemical, gas, refining) and non-hydrocarbon (industrial, environmental, bio) plant engineering, with a balanced revenue split between segments.

• Major customers include Samsung Electronics and Saudi Aramco, with significant overseas and domestic projects ongoing.

Financial highlights

• Q1 2025 consolidated revenue: KRW 2,097.96 billion (down from KRW 2,384.74 billion in Q1 2024).

• Operating income: KRW 157.30 billion (down from KRW 209.35 billion year-over-year).

• Net income: KRW 157.21 billion (down from KRW 164.13 billion year-over-year).

• Basic EPS: KRW 768 (down from KRW 826 year-over-year).

• Total assets: KRW 10,002.27 billion; total liabilities: KRW 6,042.99 billion; equity: KRW 3,959.28 billion.

Outlook and guidance

• The company targets continued growth in both hydrocarbon and non-hydrocarbon segments, leveraging global project experience and R&D in green solutions.

• Focus remains on expanding differentiated technologies, strategic partnerships, and risk management to secure stable project execution.