Samsung SDI
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Samsung SDI (006400) investor relations material

Samsung SDI Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary2 Feb, 2026

Executive summary

  • Q4 2025 revenue reached KRW 3,859 billion, up 26.4% QoQ and 2.8% YoY, with full-year 2025 revenue at KRW 13,267 billion, down 20% from 2024.

  • Q4 2025 operating loss was KRW 299 billion, narrowing from the previous quarter; full-year operating loss was KRW 1,722 billion.

  • Net loss for Q4 2025 was KRW 208 billion; full-year net loss was KRW 585 billion.

  • Asset base increased to KRW 42,255 billion, liabilities decreased to KRW 18,700 billion, and equity rose to KRW 23,570 billion, supported by a capital increase.

Financial highlights

  • Q4 battery revenue grew 28% QoQ to KRW 3.6 trillion, but operating loss was KRW 339 billion.

  • Electronic Materials Business Q4 revenue was KRW 237 billion with operating profit of KRW 39 billion.

  • Annual battery revenue fell 21% YoY to KRW 12.4 trillion, with an operating loss of KRW 1.9 trillion.

  • Gross margin improved to 21.0% in Q4 2025 from 5.5% in Q3 2025, but full-year margin dropped to 11.0% from 18.6% in 2024.

  • EBITDA rebounded to KRW 273 billion in Q4 2025 from -KRW 77 billion in Q3 2025.

Outlook and guidance

  • Sequential quarterly improvement expected in 2026, with a return to profit in the second half.

  • Global EV battery demand expected to grow 16% YoY in 2026, with ex-China growth at 6%.

  • ESS profitability to improve as U.S. local production ramps up and AMPC benefits increase.

  • Small battery sales to recover gradually; electronic materials to maintain solid growth.

  • US and EU battery competition to intensify due to lower US EV demand and stricter regulations on Chinese products.

All solid-state battery commercialization progress
Hungary plant utilization and new orders strategy
Tabless cylindrical battery revenue contribution
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Frequently asked questions

Samsung SDI Co., Ltd. is a global manufacturer and distributor of batteries and electronic materials. The company's offerings are centered around two primary pillars: green energy and cutting-edge materials. Samsung SDI is known for its production and distribution of rechargeable batteries for a variety of applications, including electric vehicles (EVs), IT devices, and Energy Storage Systems (ESS). The company is headquartered in Yongin, South Korea, and its shares are listed on the Korea Exchange.

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