Samyang Comtech (484590) Q3 2025 earnings summary

Executive summary

• Achieved KOSDAQ listing on August 18, 2025, with significant capital increase and public offering.

• Core business in defense and aerospace, specializing in advanced armor and protection systems.

• Expanded production capacity with new and expanded plants, and increased R&D investment.

Financial highlights

• Revenue for 2025 Q3 YTD: KRW 102.2 billion, down from KRW 141.6 billion YoY.

• Operating income: KRW 18.4 billion (2024: KRW 18.1 billion); Net income: KRW 13.3 billion (2024: KRW 16.5 billion).

• Total assets: KRW 234.8 billion; Equity: KRW 144.1 billion; Liabilities: KRW 90.7 billion.

• EPS: KRW 430 (2024: KRW 534); Gross margin improved YoY.

• Cash flow from operations: KRW 22.8 billion; cash at period end: KRW 1.6 billion.

Outlook and guidance

• Focus on expanding global defense exports and new business opportunities.

• Continued investment in R&D and production capacity to support growth.

• No material post-reporting events or changes in guidance disclosed.