Wonik QnC (074600) Q4 2025 earnings summary

Executive summary

• Revenue increased 5.8% year-over-year to KRW 943.6 billion, driven by semiconductor sector demand and AI-related investments, but operating income declined 34.2% due to higher costs and U.S. market entry expenses.

• Net income attributable to owners dropped 55.8% to KRW 22.5 billion, with consolidated net income falling 98.4% to KRW 958 million, mainly due to one-off costs and reduced profitability in key segments.

• The company maintained a stable financial position, with total assets up 0.7% to KRW 1.55 trillion and a debt ratio of 170.9%.

Financial highlights

• Gross profit margin was 26.4%, down from 29.5% the previous year.

• Operating income was KRW 59.6 billion, down from KRW 90.6 billion year-over-year.

• EPS (basic and diluted) was KRW 856, compared to KRW 1,934 last year.

• Cash and cash equivalents at year-end were KRW 60.6 billion, up from KRW 44.0 billion.

• R&D expenses increased to KRW 10.2 billion, representing 2.57% of sales.

Outlook and guidance

• The company expects continued growth in semiconductor demand, especially for AI chips, and plans to expand production capacity and global market share.

• 2026 guidance anticipates further revenue growth from AI-related investments and process transitions at major customers, but notes ongoing inflation and global economic uncertainty.