UNISEM (036200) Q3 2025 earnings summary

Executive summary

• Specializes in semiconductor and display equipment, with leading market share in gas scrubbers (40%) and chillers (30%) in Korea.

• Revenue for the first nine months of 2025 was KRW 197.4 billion, down from KRW 218.2 billion year-over-year.

• Operating income for the same period was KRW 8.63 billion, a decrease from KRW 9.97 billion year-over-year.

• Net income attributable to owners was KRW 6.69 billion, compared to KRW 15.53 billion in the prior year.

• Maintains a strong balance sheet with total assets of KRW 275.1 billion and equity of KRW 232.4 billion as of September 30, 2025.

Financial highlights

• Gross profit margin for the nine months was 11.1%, down from 12.1% year-over-year.

• Cash and cash equivalents at period end were KRW 21.1 billion, down from KRW 36.99 billion at the previous year-end.

• Inventory increased to KRW 58.8 billion from KRW 47.2 billion at the previous year-end.

• Total liabilities increased to KRW 42.7 billion from KRW 34.8 billion at the previous year-end.

• Basic earnings per share for the period was KRW 228, compared to KRW 547 year-over-year.

Outlook and guidance

• The global semiconductor market is projected to grow 11.2% in 2025, with equipment investment expected to rise 17%.

• Company aims to expand market share through R&D and cost competitiveness, focusing on high-value products and ESG-compliant equipment.

• Anticipates selective investment by semiconductor manufacturers, with growth driven by AI and HBM-related demand.