TES Co (095610) Q3 2025 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 234.1 billion for 2025 Q3, with operating income of KRW 45.1 billion and net income of KRW 46.9 billion, showing strong profitability year-over-year.

• Semiconductor equipment sales accounted for over 95% of total revenue, with domestic sales at 75% and overseas at 25%.

• Major customers include leading domestic and international semiconductor manufacturers, with significant contracts and order backlogs.

Financial highlights

• Revenue for 2025 Q3 was KRW 234.1 billion, down slightly from KRW 240.1 billion in 2024 Q3.

• Operating income increased to KRW 45.1 billion from KRW 38.5 billion year-over-year.

• Net income rose to KRW 46.9 billion from KRW 42.7 billion year-over-year.

• Gross margin improved, with cost of sales at KRW 168.6 billion, supporting higher profitability.

• Basic EPS for the period was KRW 2,671, up from KRW 2,432 in the prior year.

Outlook and guidance

• Order backlog at quarter-end was KRW 78.3 billion, indicating continued demand.

• Ongoing R&D investments and new product launches expected to support future growth.

• Market conditions remain favorable due to increasing semiconductor demand in AI, IoT, and automotive sectors.